NAFSCOB has a Gratuity Fund Trust entitled "National Federation of State Co-operative Banks Ltd. Employees Gratuity Fund" registered with the Income Tax Commissioner, Mumbai. The fund is managed by the Board of Trustees constituted by the Board of Directors of NAFSCOB and is represented by both the employers as well as the employees in equal numbers. The Chairman of NAFSCOB is also the Chairman of the Board of Trustees of the Gratuity Fund Trust. The term of the office of the members of the Board of Trustees is three years. The Board of Trustees was reconstituted with effect from 25 February, 2021 with the following as Trustees:
| 1 | Shri Konduru Ravinder Rao Chairman, NAFSCOB |
Chairman |
| 2 | Shri Ulhas B. Phal Dessai Vice-Chairman, NAFSCOB |
Member Trustee |
| 3 | Shri J. S. Hanamashetti Joint Director, NAFSCOB |
Member Trustee |
| 4 | Shri Bhima Subrahmanyam Managing Director, NAFSCOB |
Member Trustee |