The Banaskantha Mercantile Co-operative Bank Ltd. Recurring Deposit interest rates · October 2026
Banaskantha Mercantile Bank's best Recurring Deposit rate is 7.00% (12 months to 36 months), 0.75 points below the best on the market (7.75%).
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Banaskantha Mercantile Bank Recurring Deposit rate changes
Changes to Banaskantha Mercantile Bank's recurring deposit (RD) 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 recurring deposit (RD) rates has been recorded since tracking started on 10 Oct 2026.
Banaskantha Mercantile Bank Recurring Deposit: frequently asked questions
What is the highest Banaskantha Mercantile Bank Recurring Deposit interest rate?
As of 18 Oct 2026, The Banaskantha Mercantile Co-operative Bank Ltd. offers up to 7.00% p.a. on its recurring deposit (RD) (12 months to 36 months) for general customers. Rates below are as published by the bank — confirm with Banaskantha Mercantile Bank before investing.
Do senior citizens get higher Recurring Deposit rates at Banaskantha Mercantile Bank?
The Banaskantha 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.
When did Banaskantha Mercantile Bank last change its Recurring Deposit rates?
RateScan.in has recorded no change to The Banaskantha Mercantile Co-operative Bank Ltd.'s recurring deposit (RD) rates since it started tracking them on 10 Oct 2026.
What recurring deposit (RD) tenures does Banaskantha Mercantile Bank offer?
The Banaskantha Mercantile Co-operative Bank Ltd.'s published recurring deposit (RD) rate table has 2 tenure bands, from “12 months to 36 months” to “37 months to 60 months”.
Is my recurring deposit (RD) 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.
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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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