A dedicated group of social workers and labour movement activists, imbued with the spirit of service to the cause of mill workers, other industrial and hitherto neglected economically weaker sections of society started MACO Bank. in 1986.
The area of operation of the Bank shall be confined to Mumbai city, Mumbai Suburban, New Mumbai, Thane and Raigad District.
BASIC OBJECTS OF BANK:
To encourage thrift.
To encourage co-operation among members.
To provides other Banking services.
MEMBERS OF BANK:
Membership of the Bank shall open to all “Government Employees” in class I, II & III in the several departments / offices, of Mantralaya & Allied Offices having their offices in the Area of operation of the Bank.