The Puducherry State Co-operative Bank Ltd. (PSC Bank)
The Puducherry State Co-operative Bank Ltd. (PSC Bank) was established on October 10, 1958, under the Co-operative Societies Act, 1904. It acts as the apex co-operative bank in Puducherry, catering to the financial needs of co-operative societies, farmers, small businesses, and individuals. It operates in a two-tier structure, where it directly finances Primary Agricultural Co-operative Credit Societies (PACCS) that serve members at the grassroots level.
The bank offers various banking and financial services, including deposit schemes, loans, digital banking, and insurance. It is a financially insured institution under DICGC and participates in major payment and settlement systems such as ACH Credit/Debit and APBS (Aadhaar Payment Bridge System).
