The Ahmedabad Mercantile Co-operative Bank Ltd. NRE Fixed Deposit interest rates · October 2026
AMCO Bank's best NRE Fixed Deposit rate is 7.00% (1 Year), 0.10 points below the best on the market (7.10%).
| Tenure | General | Senior | Applies to | Effective On | Source |
|---|---|---|---|---|---|
1 Year |
7.00% | — | Any amount | 1 Aug 2025 | official fetched 10 Oct 2026 ✓ verified 18 Oct 2026 |
Over 1 Years to 2 Years |
6.90% | — | Any amount | 1 Aug 2025 | official fetched 10 Oct 2026 ✓ verified 18 Oct 2026 |
Over 2 Years to 3 Years |
6.50% | — | Any amount | 1 Aug 2025 | official fetched 10 Oct 2026 ✓ verified 18 Oct 2026 |
AMCO Bank already pays the highest 1 year NRE Fixed Deposit rate among banks serving Gujarat.
See how it compares →AMCO Bank NRE FD rate changes
Changes to AMCO Bank's NRE fixed deposit rates that RateScan.in has recorded since it started tracking them on 10 Oct 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
No change to AMCO Bank's NRE fixed deposit rates has been recorded since tracking started on 10 Oct 2026.
AMCO Bank NRE FD: frequently asked questions
What is the highest AMCO Bank NRE FD interest rate?
As of 18 Oct 2026, The Ahmedabad Mercantile Co-operative Bank Ltd. offers up to 7.00% p.a. on its NRE fixed deposit (1 Year) for general customers. Rates below are as published by the bank — confirm with AMCO Bank before investing.
Do senior citizens get higher NRE FD rates at AMCO Bank?
The Ahmedabad Mercantile Co-operative Bank Ltd. does not publish a separate senior citizen premium for these deposits in our data. Check the bank's official rate card for any senior-citizen offers.
Is interest on AMCO Bank NRE FDs taxable in India?
Interest on NRE deposits is generally exempt from income tax in India for eligible Non-Resident Indians. Tax rules depend on your residential status and the country you live in, so confirm with a tax advisor.
When did AMCO Bank last change its NRE FD rates?
RateScan.in has recorded no change to The Ahmedabad Mercantile Co-operative Bank Ltd.'s NRE fixed deposit rates since it started tracking them on 10 Oct 2026.
What NRE fixed deposit tenures does AMCO Bank offer?
The Ahmedabad Mercantile Co-operative Bank Ltd.'s published NRE fixed deposit rate table has 3 tenure bands, from “1 Year” to “Over 2 Years to 3 Years”.
Is my NRE fixed deposit with AMCO Bank insured?
Deposits with The Ahmedabad Mercantile Co-operative Bank Ltd. are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).
How current are these AMCO Bank rates?
RateScan.in refreshed this dataset on 18 Oct 2026; the bank's rates shown here are effective 1 Aug 2025. Rates can change without notice, so verify on the official AMCO Bank website before investing.
More AMCO Bank rates
NRE FD rates at other banks
Good to know
- Deposits with The Ahmedabad Mercantile Co-operative Bank Ltd. are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
- AMCO Bank is an urban co-operative bank. Co-operative banks are regulated by the RBI together with the state registrar of co-operative societies; check that the bank is covered by DICGC before depositing.
- Senior citizens (60+) earn up to 0.50% p.a. more than general customers at AMCO Bank, depending on the tenure.
- AMCO Bank's FD table includes 1 special schemes; check eligibility and end dates.
Informational only — always confirm the current rate on the official AMCO Bank website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
Have feedback?
Tell us what would make RateScan.in more useful. No email required.