The Gandhidham Mercantile Co-operative Bank Ltd. interest rates · October 2026
Overview
The Gandhidham Mercantile Co-operative Bank Ltd. (Gandhidham Mercantile Bank) is an urban co-operative bank (UCB), headquartered in Gandhidham. Its headline 1-year FD rate of 6.75% is 0.44% above the urban co-operative bank average of 6.31%, ranking #136 of 333 banks on RateScan.in. RateScan.in tracks 18 published rate lines for Gandhidham Mercantile Bank (product types: 2), last verified 22 Oct 2026. CRAR / NPA figures are not available for this bank.
Rates as of 1 Apr 2021, 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 Gandhidham Mercantile Bank
38 banks serving Gujarat pay more. Top picks:
Good to know
- Deposits with The Gandhidham 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.
- Gandhidham 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 Gandhidham Mercantile Bank, depending on the tenure.
- Gandhidham Mercantile Bank's FD table includes 1 special schemes; check eligibility and end dates.
Informational only — always confirm the current rate on the official Gandhidham 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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