The Sankheda Nagarik Sahakari Bank was established on 31 October 1962.
The share holders in bank as on date 29 November 1962 was 243 which included individuals of all ages. At that time the chairman of the bank was Shri Govindbhai Dalsukhbhai Parekh. He played an important role in gathering the initial share capital of Rs. 25000.
Within a short span of 1 year, the bank acquired a share capital of 34,275 and a deposit value of Rs. 62000. The first year showed a nominal profit to the bank, but in the second year of establishment, bank started giving dividends to it is share holders. For an initial duration of 4 years, the bank was under Audit “B” category, which changed in the fifth year of operation and bank entered the category “A” for audit. With time, the share holders in bank increased and it reached a value of 1513 on 30 June 1975.
At that time the share capital of the bank was Rs. 4 Lakh and Deposits of Rs. 18 Lakh. The profits of bank crossed Lakhs that year and share holders were given a 9% dividend for the first time by the bank.

In the last 11 years, bank has shown extensive growth in its presence and that is because the people of Sankheda have believed in us since the beginning. Bank received RBI license number G.J. 840 on 23 January 2018 from the Reserve Bank of India.