With the advent of the 20th century, Co-operative Movement started in India. Late Shri Raosaheb Vrundavandas Jadav - a visionary dreamt of establishing Co-operative Bank. This Dream turned into reality in the name of The Surat People’s Co-operative Bank Ltd.
The Surat People ’s Co-operative Bank Ltd was established in 1922 at Surat. Bank was registered on 10th March 1922 and started functioning from 21st April 1922.The Bank was first registered Urban Co-Operative Bank in India and became Scheduled Bank on 1st September, 1988. The Bank is serving