Bank History
The name of the society is Niyati Urban Co-op. Credit Society Ltd." and itsregistered address is Shop No-2 Gate No-2 Global city Beside Gopinathji SayanAmroli Road Surat.
Our journey began in Katargam, starting as a small localsaving group (Mandal) built on trust and mutual support. Driven by the visionto serve our community better, we formally registered and established NiyatiUrban Co-op. Credit Society Ltd.
Since our inception, we have remained committed toempowering our members economically. Over the years, the society has deliveredimpactful financial support, innovative saving schemes, and reliable creditfacilities. More importantly, we have stood firm as a pillar of support for ourmembers during their times of financial need.
Today, Niyati Urban Co-op. Credit Society continues to growon the foundation of transparency, financial security, and unwavering communitytrust.
2. Objectives
The objectives of the society are as follows:
* 1. To encourage andpromote the habits of thrift, self-help, and mutual aid among members.
* 2. To raise fundsto provide loans to members as per the bye-laws of the society.
* 3. To adopt variousschemes to collect deposits.
* 4. To provide loansto needy members for trade, business, industry, employment, and other validpurposes.
* 5. To obtain cashcredit from central financing institutions to arrange credit facilities formembers.
* 6. To act as anagent for insurance of personal and property assets of members if necessary.
* 7. To makenecessary arrangements to provide safe deposit vaults (lockers) for the safecustody of members' valuables.
* 8. To acquire, buy,or rent movable and immovable properties required for society management andoperations.
* 9. To makearrangements to issue credit cards to its members.
* 10. To arrangeloans for members for business/commercial purposes.
* 11. To frame andimplement financial support schemes aimed at providing social security tomembers.
* 12. To act as asub-agent of central cooperative financial institutions to facilitate smoothfinancial transactions for members.
* 13. To undertakesecondary activities on an agency or commission basis covering postal,electrical, communication services, domestic gas services, or other such needs.
* 14. To disbursefunds to members obtained from central credit institutions strictly for thespecific intended purposes.
* 15. To enroll anyperson residing in the society's area of operation as a member and provide loansagainst gold/silver ornaments, National Savings Certificates (NSC), Kisan VikasPatra (KVP), or other government security bonds.
At the end of our financialyear in 2026, The Varachha Cooperative Bank Ltd. has grown exponentially,achieving the following milestones
· 509 shareholders
· Share capital ofRs.509000 lakhs
· Deposits of Rs.1.42crores
· Advances of Rs.1.66crores
· Profit of Rs.4.77lakhs