About the society
A society of colleagues, built on trust since 1931.
For more than nine decades, the employees of the Bombay High Court have run their own co-operative credit society: saving together, lending to one another at fair rates, and looking after each other's families.
Who we are
The High Court Employees' Co-op. Credit Society Ltd. is a co-operative credit society owned by its members, the employees of the High Court. Members hold shares of ₹500 each, save through monthly compulsory deposits, and borrow from the society at 8.75% interest.
The society’s profit goes back to members: as a dividend on their shares (8.5% proposed for 2025-26), and through welfare funds that support members through illness, their children’s education, retirement and bereavement.
The society is managed by a twelve-member Board of Directors, which met 15 times in 2025-26. Its accounts are examined by statutory and internal auditors, and for 2025-26 the society was awarded an “A” audit classification.
॥ सहकारात् समृद्धीः ॥
Prosperity through co-operation: the society’s motto
At a glance
- Registration No.
- 6946
- Established
- 19 January 1931
- Members
- 2,273 (31 March 2026)
- Working capital
- ₹63.15 crore
- Audit classification
- “A” for 2025-26
- Board meetings held
- 15 in 2025-26
How it works
Four simple ideas, ninety-five years strong.
Join as a member
Employees of the High Court establishments covered by the bye-laws become members by holding shares of ₹500 each in the society.
Save every month
A compulsory monthly deposit builds every member's savings with the society, and you can raise it up to ₹10,000 a month.
Borrow when you need
Emergency, short-term, long-term and special loans, all at 8.75% interest on the balance outstanding, repaid through salary.
Share in the surplus
Profits return to members as dividend on shares, and through welfare funds for illness, education, retirement and bereavement.
Milestones
From 1931 to today.
A fuller history of the society's nine decades is being compiled and will be added here. Until then, a few markers along the way.
1931
The society is founded
Registered on 19 January 1931 (Regd. No. 6946) by employees of the High Court, to save together and lend to one another.
2012-13
₹12.6 crore lent to members
2,179 members, with a 10% dividend on shares.
2015-17
Dividend reaches 11%
Two consecutive years of an 11% dividend, as annual profit climbs past ₹2.2 crore.
2019-20
Membership crosses 2,300
Loans to members rise to ₹35.6 crore.
2025-26
₹63 crore working capital
Loans of ₹54.4 crore, deposits of ₹23.7 crore, an “A” audit classification, and the 96th Annual Report.
2026
New services for members
A fixed deposit scheme at up to 7.25% from August, with a member mobile app on the way.
Governance
Audited, accountable, transparent.
Statutory Auditor
R. S. Dhawade & Co.
Chartered Accountants · Govt. Panel Auditor, Co-op. Societies, Mumbai (Panel No. A1/13187/Mumbai-3)
Internal Auditor
Shri. Prashant P. Tadadikar
Chartered Accountant
Tax Auditor
Motilal & Associates LLP
Chartered Accountants
Banking relationships
The society keeps its funds and investments with established co-operative, public-sector and scheduled banks.
- Maharashtra State Co-operative Bank
- Bank of India
- Central Bank of India
- Union Bank of India
- Saraswat Co-operative Bank
- Unity Small Finance Bank
- Mumbai District Central Co-operative Bank
With gratitude
The society is grateful for the guidance and co-operation of the Hon’ble Chief Justice and the Hon’ble Judges of the Bombay High Court, the Registrar General and officers of the High Court, the co-operative department, and every member whose trust has carried the society since 1931.
We’re here to help
Questions about a loan, a deposit or your membership?
The society office is at the High Court, Mumbai. Call or write to us, or visit during office hours on working days.