The Gujarat Rajya Karmachari Co-operative Bank Ltd. interest rates · November 2026
Gujarat Rajya Karmachari Bank FD rates
All tenures, calculator and comparison →What will my FD earn at Gujarat Rajya Karmachari Bank?
Overview
The Gujarat Rajya Karmachari Co-operative Bank Ltd. (Gujarat Rajya Karmachari Bank) is an urban co-operative bank (UCB), headquartered in Ahmedabad.
Rates verified from official source. Urban co-operative bank, regulated by RBI and the state Registrar of Co-operative Societies: deposits insured by DICGC up to ₹5,00,000. One of 961 co-operative banks whose rates we checked at the source in the last 7 days.
RBI record
Every RBI press release since 1 Jan 2024 that names The Gujarat Rajya Karmachari Co-operative Bank Ltd., newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
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RBI extended its directions on the bank to 11 Dec 2026
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RBI placed The Gujarat Rajya Karmachari Co-operative Bank Ltd. under directions (Section 35A of the Banking Regulation Act)
Under the directions it may not accept fresh deposits without RBI's written approval.
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RBI fined the bank ₹7.50 lakh
RBI's reason: “for non-compliance with the directions issued by RBI on ‘Financial Statements - Presentation and Disclosures’, ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’, ‘Co-operative Banks - Interest Rate on Deposits’ and contravention of the provisions of sub-section (2) of section 35 read with section 56 of the Banking Regulation Act, 1949 (BR Act)”
What RBI found
“The bank had (i) not disclosed the penalty imposed by RBI in the ‘Notes to Accounts’ to the balance sheet in its Annual Report; (ii) not provided documents and complete information pertaining to the affairs of the bank, required by the RBI inspecting officer(s); (iii) breached prudential inter-bank (counterparty) exposure limit and (iv) not paid interest on matured term deposits from the date of maturity till the date of their repayment at the applicable rate.”
RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
Branches
Head office in Ahmedabad
RBI's IFSC directory doesn't list this bank's branches, so only its head office is shown. Check the bank's website for its branches.
Head office from the bank's RBI registration.
Gujarat Rajya Karmachari Bank rates
Every rate, tenure by tenure, and what your money grows to.
Gujarat Rajya Karmachari Bank Fixed Deposit rate changes
Changes to Gujarat Rajya Karmachari Bank's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 5 Nov 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 Gujarat Rajya Karmachari Bank's fixed deposit (FD) rates has been recorded since tracking started on 5 Nov 2026.
Good to know
- Deposits with The Gujarat Rajya Karmachari 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 Rajya Karmachari 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 0.25% p.a. more than general customers at Gujarat Rajya Karmachari Bank, depending on the tenure.
- Gujarat Rajya Karmachari Bank's FD table includes 2 special schemes; check eligibility and end dates.
Informational only. Always confirm the current rate on the official Gujarat Rajya Karmachari 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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