The Kerala Co-operative Deposit Guarantee Fund Board is an institution constituted by the Government of Kerala to administer the Kerala Co-operative Deposit Guarantee Scheme, 2012. It ensures protection for deposits in co-operative societies.

All co-operative societies under the control of the Registrar of Co-operative Societies that accept deposits from members are eligible, except those that are defunct, dormant, or under liquidation.

The purpose is to guarantee deposits made in co-operative societies, instilling confidence among depositors and encouraging more deposits into the co-operative sector.

The fund’s corpus is built through contributions from societies at the rate of 10 paisa for every ₹100 (or part thereof) of deposits outstanding at the end of each financial year. Future contributions are based on incremental deposits.

Societies must remit their contributions within three months of the end of each financial year. Delayed payments attract 12% annual interest until full payment is made.

If the contribution is not paid within three months, the deposits of that society will be excluded from guarantee coverage for the period of delay.

The Board consists of 15 members. The Minister for Co-operation is the Chairman, and one member from primary agricultural co-operative societies or an eminent co-operator is the Vice Chairman. Other members include government officials, audit and union representatives, and nominees from various types of co-operative societies.

If a deposit-guaranteed society is wind up or liquidated, the Board will pay each depositor the amount due to them, up to a maximum of ₹5 lakh.