Investment of funds

(1) A society may invest or deposit its fund: (a) in the post office savings bank; (b) in any of the securities specified in section 20 of the Indian Trusts Act, 1882; (c) in the shares or debentures or securities of any other society; (d) with the financing bank; or (e) with any society or bank carrying on the business of banking as may be approved by the Registrar; or (f) in the bonds issued by itself; or (g) in any other mode permitted by the rules or by the Registrar.