Gujarat Mercantile Co-operative Bank Ltd. interest rates · October 2026
Overview
Gujarat Mercantile Co-operative Bank Ltd. (Gujarat Mercantile Bank) is an urban co-operative bank (UCB), headquartered in Ahmedabad. Its headline 1-year FD rate of 8.00% is 1.70% above the urban co-operative bank average of 6.30%, ranking #2 of 333 banks on RateScan.in. RateScan.in tracks 14 published rate lines for Gujarat Mercantile Bank (product types: 2), last verified 22 Oct 2026. CRAR / NPA figures are not available for this bank.
Rates as of 30 May 2025, verified from official source. Majority Government-of-India owned — deposits insured by DICGC up to ₹5,00,000.
Gujarat Mercantile Bank already pays the highest 1 year Fixed Deposit rate among banks serving Gujarat.
See how it compares →Good to know
- Deposits with Gujarat 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.
- Gujarat 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 Gujarat Mercantile Bank, depending on the tenure.
Informational only — always confirm the current rate on the official Gujarat 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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