Meghalaya Co-operative Apex Bank Ltd.(MCAB)

The Meghalaya Cooperative Apex Bank Ltd. was incorporated on 16^th February, 1971 under the provisions of Meghalaya Cooperative Societies Act and on obtaining  the required licence from the Reserve Bank of India under the Banking Regulation Act, 1949 (as applicable to Cooperative Societies) , it commenced banking business on and from 1^st July, 1971 .

The Bank has been a pioneer in banking in the State and rendering various  public utility services since inception. It has been playing pivotal role in the promotion and strengthening  of cooperatives and serving the cause of rural development and target groups through the affiliated Cooperative Societies  and its Branches spread all over the State and  has formulated various  attractive Deposit Schemes  to cater to the needs of the general public  offering 0.25 % more interest  than the Commercial / Public Sector Banks with a view to encourage  savings and thrift  habit among the people.