Banaskantha Mercantile Bank FD returns at a glance based on investment amount
Deposit
~1 year6.50%
~3 years6.75%
~5 years6.75%
~10 years6.50%
₹50,000
₹53,330₹271/mo
₹61,120₹281/mo
₹69,875₹281/mo
₹95,278₹271/mo
₹1 lakh
₹1,06,660₹542/mo
₹1,22,239₹563/mo
₹1,39,750₹563/mo
₹1,90,556₹542/mo
₹2 lakh
₹2,13,320₹1,083/mo
₹2,44,479₹1,125/mo
₹2,79,500₹1,125/mo
₹3,81,112₹1,083/mo
₹5 lakh
₹5,33,301₹2,708/mo
₹6,11,196₹2,813/mo
₹6,98,749₹2,813/mo
₹9,52,779₹2,708/mo
₹10 lakh
₹10,66,602₹5,417/mo
₹12,22,393₹5,625/mo
₹13,97,499₹5,625/mo
₹19,05,559₹5,417/mo
Illustrative · quarterly compounding · rates as of 18 Oct 2026. Maturity assumes cumulative FD; monthly figure is simple interest ÷ 12 (non-cumulative payout). Not a bank quote — verify on the bank's site. DICGC insures up to ₹5 lakh per depositor per bank.
Compare Banaskantha Mercantile Bank Fixed Deposit Returns with other Top Banks
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General rate by tenure (% p.a.)
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
Senior rate by tenure (% p.a.)
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
No additional super-senior premium — showing Senior rates.
Senior rate by tenure (% p.a.)
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
Higher 1 year Fixed Deposit rates than Banaskantha Mercantile Bank
Banaskantha Mercantile Bank Fixed Deposit rate changes
Changes to Banaskantha Mercantile Bank's fixed deposit (FD) 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 Banaskantha Mercantile Bank's fixed deposit (FD) rates has been recorded since tracking started on 10 Oct 2026.
Compare Banaskantha Mercantile Bank with similar banks
Banaskantha Mercantile Bank Fixed Deposit: frequently asked questions
What is the highest Banaskantha Mercantile Bank Fixed Deposit interest rate?
As of 18 Oct 2026, The Banaskantha Mercantile Co-operative Bank Ltd. offers up to 7.55% p.a. on its fixed deposit (FD) (For 13 months) for general customers and 8.05% p.a. (For 13 months) for senior citizens. Rates below are as published by the bank — confirm with Banaskantha Mercantile Bank before investing.
What is the Banaskantha Mercantile Bank 1-year FD interest rate?
As of 18 Oct 2026, The Banaskantha Mercantile Co-operative Bank Ltd. offers 6.50% p.a. on a 1-year FD for general customers and 7.00% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 20 Dec 2025 and was last verified 18 Oct 2026. Source: the bank's official rate page.
What is the Banaskantha Mercantile Bank 2-year FD interest rate?
As of 18 Oct 2026, The Banaskantha Mercantile Co-operative Bank Ltd. offers 7.00% p.a. on a 2-year FD for general customers and 7.50% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 20 Dec 2025 and was last verified 18 Oct 2026. Source: the bank's official rate page.
What is the Banaskantha Mercantile Bank 3-year FD interest rate?
As of 18 Oct 2026, The Banaskantha Mercantile Co-operative Bank Ltd. offers 6.75% p.a. on a 3-year FD for general customers and 7.25% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 20 Dec 2025 and was last verified 18 Oct 2026. Source: the bank's official rate page.
What is the Banaskantha Mercantile Bank 5-year FD interest rate?
As of 18 Oct 2026, The Banaskantha Mercantile Co-operative Bank Ltd. offers 6.75% p.a. on a 5-year FD for general customers and 7.25% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 20 Dec 2025 and was last verified 18 Oct 2026. Source: the bank's official rate page.
Do senior citizens get higher Fixed Deposit rates at Banaskantha Mercantile Bank?
Yes. Senior citizens (60+) earn up to 0.50% p.a. more than general customers at The Banaskantha Mercantile Co-operative Bank Ltd., depending on the tenure.
When did Banaskantha Mercantile Bank last change its Fixed Deposit rates?
RateScan.in has recorded no change to The Banaskantha Mercantile Co-operative Bank Ltd.'s fixed deposit (FD) rates since it started tracking them on 10 Oct 2026.
What fixed deposit (FD) tenures does Banaskantha Mercantile Bank offer?
The Banaskantha Mercantile Co-operative Bank Ltd.'s published fixed deposit (FD) rate table has 14 tenure bands, from “7 days to 14 days” to “More than 60 months, up to 120 months”.
Does Banaskantha Mercantile Bank have special fixed deposit (FD) schemes?
The Banaskantha Mercantile Co-operative Bank Ltd.'s rate table lists these named schemes (1): Special Rate. Check eligibility and end dates with the bank.
Does Banaskantha Mercantile Bank pay more than the Post Office Time Deposit?
The Banaskantha Mercantile Co-operative Bank Ltd. pays more than the Post Office Time Deposit at 0 of 4 standard tenures compared (general rates). Rates: 1y 6.50% (PO 6.90%), 2y 7.00% (PO 7.00%), 3y 6.75% (PO 7.10%), 5y 6.75% (PO 7.50%). PO is the Post Office Time Deposit rate.
How does Banaskantha Mercantile Bank's 1-year FD rate rank?
The Banaskantha Mercantile Co-operative Bank Ltd.'s 1-year general FD rate of 6.50% ranks #142 of 248 banks on RateScan.in (as of 18 Oct 2026). The highest is Sangli DCCB at 8.25%.
Is my fixed deposit (FD) with Banaskantha Mercantile Bank insured?
Deposits with The Banaskantha 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 Banaskantha Mercantile Bank rates?
RateScan.in refreshed this dataset on 18 Oct 2026; the bank's rates shown here are effective 20 Dec 2025. Rates can change without notice, so verify on the official Banaskantha Mercantile Bank website before investing.
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.
officialEffective 20 Dec 2025 · Ingested 10 Oct 2026 · Verified 18 Oct 2026 · View source
Informational only — always confirm the current rate on theofficial Banaskantha Mercantile Bank websitebefore 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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