What is the difference between a co-operative society and a co-operative bank?

Essentially, co-operative banks perform like several different financial organization. The merchandise offered by co-operative banks are in line with business and PSU banks.

 Besides that, the principles and rules of those banks are very different from different establishments.

Co-operative societies are voluntary associations started with AN aim of service to members. There are many sorts of co-operative societies:

1) Credit Co-operative Societies

2) Shoppers Societies

3) Producers Societies

4) Co-operative farming societies

5) Housing co-operatives

Author: Kumar

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