Established in 1914 as East Bengal Railway Co-Operative Society with its office beside the Railway Training Institute at Sealdah, it was later renamed in its current style to reflect the evolved areas of geography coverage.

The partition and formation of Pakistan resulted in significant loss of membership and writing off loans from the books of its then prosperous branch at Chattogram (now, Chittagong) which had to be abandoned, in erstwhile East Pakistan (now, Bangladesh).

On February 10, 2010 the Society received banking License from RBI and since then have been functioning as an unscheduled Urban Co-operative Bank. It is head quartered in Kolkata with four branches &ten camp offices in West Bengal, Assam & Bihar.

The history of the Bank is entwined with the development of railway lines in its jurisdiction and rich with heritage. The present head office used to be the residence of a very prominent jewel merchant, purchased in 1961 through an auction.

We are committed to preserve this rich heritage and continue with the tradition of Social & Inclusive Banking to serve the financial & social needs of the employees of Indian Railways.