Investment of funds outside the business

Such of its funds as are not needed for use by a Cooperative Society may be invested or deposited outside its business (a) in any union/federation of which it is a member, (b) in a local Cooperative bank, (c) in the equities of any other Cooperative Societies, (d) in any of the securities specified in section 20 of the Indian Trust Act, 1882, (e) in the local Postal Savings Bank, (f) in any of the non-speculative manner as provided in the bye-laws.