Stem Cells are unspecialized cells which are found only in multicellular organisms which can give rise to number of cells of the same type. The most important property of the stem cell is that it has the ability to self renew. Stem cell banking offers the chance to cryogenically save stem cells at their most intense state for latter use in its applications. Stem cells are discovered and used from different regions of the body such as peripheral blood, bone marrow and umbilical cord. Among these sources, Umblical cord blood is thought to be prepared wellspring of stem cells and can be protected amid labour and used for pharmaceuticals when required. Cord Blood stem cells have been utilized for more than 25 years in 35000 transplants over the world.