Investment of funds.

(1) A co-operative society may invest or deposit its fund - (a) in the postal savings bank; or (b) in any of the securities specified in section 20 of the Indian Trusts Act, 1882 (2 of 1882); or (c) in the shares or securities of any other co-operative society; or (d) with co-operative or scheduled or nationalised banks; or (e) in any federal co-operative society of which it is a member or apex or financing bank; or