Himachal Pradesh State Co-operative Bank interest rates · November 2026
What will my FD earn at HPSCB?
Overview
Himachal Pradesh State Co-operative Bank (HPSCB) is a state co-operative apex bank, headquartered in Shimla, established in 1954. Its headline 1-year FD rate of 6.90% is 0.19% above the state co-operative bank average of 6.71%, ranking #424 of 1033 banks on RateScan.in.
Rates as of 30 Sept 2026, verified from official source. State co-operative bank, regulated by RBI and supervised by NABARD: 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 Himachal Pradesh State Co-operative Bank, 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 fined the bank ₹7,50,000
RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’”
What RBI found
“The bank had failed to put in place a system of periodic review of risk categorisation of accounts, with such periodicity being at least once in six months.”
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.”
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RBI fined the bank ₹5.00 lakh
RBI's reason: “for contravention of the provisions of section 26 A (2) read with section 56 of the Banking Regulation Act, 1949 (BR Act)”
What RBI found
“The charge of not transferring the eligible amounts to the Depositor Education and Awareness Fund within prescribed period was sustained.”
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
237 branches in 9 districts
Most branches: Shimla 72, Mandi 57, Bilaspur 33
From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.
HPSCB rates
Every rate, tenure by tenure, and what your money grows to.
HPSCB Fixed Deposit rate changes
Changes to HPSCB's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 30 Sept 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 HPSCB's fixed deposit (FD) rates has been recorded since tracking started on 30 Sept 2026.
Good to know
- Deposits with Himachal Pradesh State Co-operative Bank 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.
- HPSCB is a state 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 HPSCB, depending on the tenure.
Informational only. Always confirm the current rate on the official HPSCB 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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