The Eastern Railway Employees’ Co-operative Bank Ltd. was established on 23.11.1912. Recently it is governed by the Multi-State Co-operative Societies Act, 2002. The bank also holds a Banking licence issued by the Reserve Bank of India and is also governed by the Banking Regulations Act, 1949 (As applicable to Co-operative Societies).

The Bank has its administrative office in Kolkata with eight branches at Fairlie Place, Howrah,  Liluah, Asansol, Dhanbad, Danapur, Mughalsarai & Jamalpur. It caters to the railway employees of Eastern Railways and East Central Railways (erstwhile Eastern Railways).

As on 31.03.2014 there was 99,918 nos. members of the Bank with total assets of more than 700 crores.