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In 1935, bank’s branch in Chopda was opened. It was the first co-operative bank in Chopda. At that time all the businessmen in the city decided to establish city’s first co-operative bank. For this noble cause Shri. Govardhandas Bhikaridas Gujarathi (Bababji) and Shri. Maganlal Nageendas Gujarathi (Bhau) has taken a lead to open urban co-operative bank. As a result of everyone’s efforts Chopda People’s Urban Co-Operative credit Society Ltd was established on 25th October, 1939. Soon in 1940 a credit society became a bank.