Rajgurunagar Sahakari Bank Ltd. has rich history over the period of pre independent India. Bank was established in the Year 1931 in small village of Khed in Pune District by its Founder Member Late Shri Parshuram Bhagirath Apte with the social objective of providing easy credit to small farmers in and around Khed District who otherwise had to avail finance from Local Money Lender at hefty rates and providing momentum to co-operative movement.

 

Formation of the bank helped the people in the Village to save their money in the bank and also avail Loans in case of need and for farming during the crop seasons.With the great efforts of the Founder members during the period bank could survive the World War and Great Depression of 1942 and celebrated its Silver Jubilee 1956. In the Year 1970, in memory of Late Shivram Hari Rajguru, great Indian revolutionary and freedom fighter name of Khed Tal. was renamed as Rajgurunagar and pursuant to this Bank was named as Rajgurunagar Sahakari Bank Ltd