Rates verified from official source

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

BMC Bank (Mumbai)'s best Savings Account rate is 2.00% (Above ₹1 lakh), 3.00 points below the best on the market (5.00%).

Deposit amount

Showing 1 of 2 rates.

TenureGeneralSeniorApplies toEffective OnSource
Any tenure
Above ₹1 lakh
2.00% 2.00% Above ₹1 lakh
1 Apr 2025
✓ verified 21 Oct 2026
official
fetched 21 Oct 2026

BMC Bank (Mumbai) Savings rate changes

Changes to BMC Bank (Mumbai)'s savings account rates that RateScan.in has recorded since it started tracking them on 21 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 BMC Bank (Mumbai)'s savings account rates has been recorded since tracking started on 21 Oct 2026.

BMC Bank (Mumbai) Savings: frequently asked questions

What is the highest BMC Bank (Mumbai) Savings interest rate?

As of 21 Oct 2026, Bombay Mercantile Co-operative Bank Ltd. offers up to 2.00% p.a. on its savings account (Above ₹1 lakh) for general customers. Rates below are as published by the bank — confirm with BMC Bank (Mumbai) before investing.

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When did BMC Bank (Mumbai) last change its Savings rates?

RateScan.in has recorded no change to Bombay Mercantile Co-operative Bank Ltd.'s savings account rates since it started tracking them on 21 Oct 2026.

Rate movements →

Does BMC Bank (Mumbai) pay different savings account rates by deposit size?

Yes. Bombay Mercantile Co-operative Bank Ltd.'s table lists separate bands: Up to ₹1 lakh; Above ₹1 lakh. Each row shows the band it applies to.

Is my savings account with BMC Bank (Mumbai) insured?

Deposits with Bombay 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 BMC Bank (Mumbai) rates?

RateScan.in refreshed this dataset on 21 Oct 2026; the bank's rates shown here are effective 1 Apr 2025. Rates can change without notice, so verify on the official BMC Bank (Mumbai) website before investing.

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Good to know

  • Deposits with Bombay 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.
  • BMC Bank (Mumbai) 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 BMC Bank (Mumbai), depending on the tenure.
  • BMC Bank (Mumbai)'s FD table includes 2 special schemes; check eligibility and end dates.

Informational only — always confirm the current rate on the official BMC Bank (Mumbai) 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.