Co-operative societies :

Co-operative societies are required to open accounts only with these banks which are recognized for this purpose (under the Co-operative Society Act). The following documents should be obtained while opening their account:

– Certificate of registration of the society under the Co-operative Society Act.

– Certified copy of the bye-laws of the society.

– Resolution of the managing committee of the society prescribing the conditions for the conduct of the account.

– List of the members of the managing committee with the copy of the resolution electing them as the committee members.