The Banaskantha Mercantile Co-operative Bank Ltd. interest rates · October 2026
Overview
The Banaskantha Mercantile Co-operative Bank Ltd. (Banaskantha Mercantile Bank) is an urban co-operative bank (UCB), headquartered in Palanpur. Its headline 1-year FD rate of 6.50% is 0.25% above the urban co-operative bank average of 6.25%, ranking #142 of 248 banks on RateScan.in. RateScan.in tracks 33 published rate lines for Banaskantha Mercantile Bank (product types: 3), last verified 18 Oct 2026. CRAR / NPA figures are not available for this bank.
Rates as of 20 Dec 2025, verified from official source. Majority Government-of-India owned — deposits insured by DICGC up to ₹5,00,000.
Higher 1 year Fixed Deposit rates than Banaskantha Mercantile Bank
28 banks serving Gujarat pay more. Top picks:
Good to know
- Deposits with The Banaskantha 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.
- Banaskantha Mercantile 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 Banaskantha Mercantile Bank, depending on the tenure.
- Banaskantha Mercantile Bank's FD table includes 1 special schemes; check eligibility and end dates.
Informational only — always confirm the current rate on the official Banaskantha Mercantile 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.
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