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LUSE GORMAN, PC

Attorneys at Law

5335
Wisconsin Avenue, N.W., Suite 780

Washington, D.C. 20015

Telephone
(202) 274-2000

Facsimile (202) 362-2902

www.luselaw.com

    WRITER'S DIRECT DIAL NUMBER
    WRITER’S E-MAIL

    (202) 274-2028
    vcangelosi@luselaw.com

July 25, 2024

Via EDGAR

United States Securities and Exchange Commission

Division of Corporation Finance

100 F Street, NE

Washington, DC 20549

    Re:
    Monroe Federal Bancorp, Inc.

    Registration Statement on Form S-1

    Filed June 13, 2024

    File No. 333-280165

To Whom It May Concern:

On behalf of Monroe Federal Bancorp, Inc.
(the “Company”), filed herewith is its Pre-Effective Amendment No. 1 to Registration Statement on Form S-1, including
exhibits (the “Amended Registration Statement”), which is marked pursuant to SEC Rule 472. The Staff’s comments,
transmitted by letter dated July 9, 2024, are reproduced below, followed by the Company’s responses. The Amended Registration
Statement includes a “Recent Developments” section containing unaudited financial information as of and for period ended June 30,
2024, beginning on page 29 of the Prospectus.

Registration Statement on Form S-1

Cover Page

1. Reference
                                            is made to the first paragraph. Indicate whether the quotation on the OTCQB Market is a condition
                                            of the offering.

The cover page has been revised accordingly,
as well as pages 10 and 39 of the Prospectus.

How We Determined the Offering Range …, page 4

2. Please
                                            include a subheading for the adjustment disclosure in the penultimate paragraph.

Luse
Gorman, PC

United States Securities and
Exchange Commission

Division of Corporation Finance

July 25, 2024

Page 2

The disclosure on page 4 of the Prospectus has been revised accordingly.

Deadline for Submitting Orders …, page 8

3. Please
                                            clarify that holders of subscription rights will not be allowed to purchase shares unless
                                            they have received a prospectus.

Disclosure has been added to page 8 of the
Prospectus in response to this comment.

We have a high concentration of loans …, page 17

4. Please
                                            disclose that the unemployment rate in your market area is above the national average. We
                                            note your disclosure on page 53.

Disclosure has been added to page 17 of the
Prospectus in response to this comment.

Management’s Discussion and Analysis of Financial Condition
and Results of Operations, page 44

5.    
         We note your disclosure on page 18 that
the increase in core deposits was due primarily to an increase in the balance of an interest-bearing demand account with a
commercial customer with a significant deposit relationship and that the balance in this account may fluctuate significantly due to
the nature of the customer’s business. Please revise your disclosure to include the commercial customer’s account
balance or percentage of core deposits at each period end, an enhanced description of the nature of the customer’s business,
and to better describe why the nature of this business causes significant fluctuations in the deposit balance.

Disclosure has been added to page 50 of the
Prospectus in response to this comment.

Management of Market Risk

General, page 48

6.             We
note your disclosure that "All directors participate in discussions during the regular board meetings evaluating the interest rate
risk inherent in [y]our assets and liabilities, and the level of risk that is appropriate." Indicate whether the board sets policies
and guidelines for managing interest rate risk. We also note that you use both an Economic Value of Equity risk model and a Changes in
NII risk model to measure your interest rate risk over various time horizons and that at March 31, 2024 the decrease in EVE at the
positive 200 and 300 basis point levels exceeded policy limits. Please revise your disclosure to discuss management’s procedures
for addressing such a breach of internal policy limits. Finally, disclose whether the Asset Liability Committee (referenced in the last
sentence on page 79) or another committee is responsible for evaluating interest rate risk and if so, how such committee works with
the board.

Luse
Gorman, PC

United States Securities and
Exchange Commission

Division of Corporation Finance

July 25, 2024

Page 3

Disclosure has been added to page 54 of the
Prospectus in response to this comment.

7.             We
note your disclosure that some of the techniques used to manage interest rate risk. In light of the significant commercial customer deposit
relationship described on page 44 and the increasing amount of uninsured deposits as of March 31, 2024, please further expand
your risk management disclosures to describe the bank’s policies and procedures that seek to manage the risks due to fluctuations
in the customer's business and in the level of uninsured deposits. In addition, describe any policies or controls regarding your uninsured
deposits, such as internal limits on concentrations in uninsured and brokered deposits in total or by type of depositor.

Disclosure has been added to page 54 of the
Prospectus in response to this comment.

Business of Monroe Federal Bancorp

Commercial Real Estate Loans, page 56

8.             We
note your disclosure that commercial real estate loans are secured by both owner-occupied and non-owner-occupied properties including
warehouses, storage units, and store fronts. Please revise your disclosures to further disaggregate the composition of your commercial
real estate loan portfolio to address any material geographic, borrower type, industry, owner vs. non-owner occupied, or other material
concentrations.

Disclosure has been added to page 62 of the
Prospectus in response to this comment.

Benefits to be Considered Following Completion, page 84

9.             Please
remove the first sentence of the bold-face paragraph on page 86, "[t]he tables are provided for informational purposes only."

The disclosure on page 92 of the Prospectus
has been revised accordingly.

The Conversion and Stock Offering

Determination of Share Price and Number of Shares to be Issued,
page 89

10.            Reference
is made to the second paragraph on page 91. Please provide a separate subheading for this discussion. In addition, provide an expanded
discussion of the reasons for each market value adjustment as discussed in Part III of the Appraisal Report.

Luse
Gorman, PC

United States Securities and
Exchange Commission

Division of Corporation Finance

July 25, 2024

Page 4

In response to this comment, the disclosure on
page 97 of the Prospectus has been revised and additional disclosure has been added to page 99 of the Prospectus.

Exhibit 5 – Opinion of Luse Gorman, PC regarding legal
of securities being registered, page II-3

11.            We
note the statement in the last paragraph of the opinion, "This opinion has been prepared solely for the Company’s use in connection
with the preparation and filing of the Form S-1..." Please delete this limitation since investors in this offering are entitled
to rely upon the opinion. Please refer to Section II.B.3.d Staff Legal Bulletin No.19 (CF) dated October 14, 2011.

The opinion has been revised accordingly. See Exhibit 5
of the Amended Registration Statement.

Exhibit 99.5, page II-3

12.            Reference
is made to the final paragraph of side 2 of the Stock Order Form. Please delete the acknowledgement of "the terms and conditions
described in the prospectus..." An investor is not required to read the prospectus.

The stock order form has been revised accordingly.
See Exhibit 99.5 of the Amended Registration Statement.

If you have any questions, please contact the undersigned.

    Very truly yours,

    /s/ Victor L. Cangelosi

    Victor L. Cangelosi

Enclosure

cc: Ben Phippen, SEC

  Robert Klein, SEC

  Robert Arzonetti, SEC

  Todd Schiffman, SEC

  Lewis R. Renollet, Monroe
Federal Bancorp

  Kip A. Weismann, Esq.