Banaskantha Mercantile Bank Savings Account Interest Rates October 2026 — The Banaskantha Mercantile Co-operative Bank Ltd.

Banaskantha Mercantile Bank's best Savings Account rate is 3.25% (All balances), 1.75 points below the best on the market (5.00%).

Tenure	General	Senior	Applies to	Effective On	Source
Any tenure	3.25%	—	All balances	20 Dec 2025	official fetched 10 Oct 2026 ✓ verified 18 Oct 2026

Higher Savings Account rates than Banaskantha Mercantile Bank

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Private Highest Bandhan 4.85% +1.60% vs Banaskantha Mercantile Bank Payments Bank Fino 4.50% +1.25% vs Banaskantha Mercantile Bank Small Finance Jana 4.50% +1.25% vs Banaskantha Mercantile Bank

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Banaskantha Mercantile Bank Savings rate changes

Changes to Banaskantha Mercantile Bank's savings account 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 savings account rates has been recorded since tracking started on 10 Oct 2026.

Banaskantha Mercantile Bank Savings: frequently asked questions

What is the highest Banaskantha Mercantile Bank Savings interest rate?

As of 18 Oct 2026, The Banaskantha Mercantile Co-operative Bank Ltd. offers up to 3.25% p.a. on its savings account (All balances) for general customers. Rates below are as published by the bank — confirm with Banaskantha Mercantile Bank before investing.

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When did Banaskantha Mercantile Bank last change its Savings rates?

RateScan.in has recorded no change to The Banaskantha Mercantile Co-operative Bank Ltd.'s savings account rates since it started tracking them on 10 Oct 2026.

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Is my savings account 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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More Banaskantha Mercantile Bank rates

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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.

The Banaskantha Mercantile Co-operative Bank Ltd. Savings Account interest rates · October 2026