Investment of funds outside the business

The funds that are not needed for use by a Co-operative may be invested or deposited outside its business: (a) in any Federal Co-operative of which it is a member; (b) in any District Central or State Co-operative Bank and in the absence of both the Banks, in any Urban Co-operative Bank; or (c) in a local Co-operative or Nationalise Bank; (d) in the equities of any other Co-operative; or (e) in any of the securities specified in section 20 of the Indian Trust Act, 1882; or (f) in the local Postal Savings Bank.