Meghalaya Co-operative Apex Bank (MegCAB) is a state co-operative apex bank, headquartered in Shillong. Its headline 1-year FD rate of 7.00% is +0.29% above the state co-operative bank average of 6.71%, ranking #11 of 27 state co-operative banks.
Rates as of 11 Jun 2025, verified from official source. Majority Government-of-India owned — deposits insured by DICGC up to ₹5,00,000.
Estimate returns at MegCAB (quarterly compounding)
Rates for deposits below ₹3 crore · General vs Senior · trend over time
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
No additional super-senior premium — showing Senior rates.
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
| Tenure | General | Senior | Trend | Applies to |
|---|---|---|---|---|
7 to 45 days |
3.50% | 4.00% | — | Any amount |
46 to 180 days |
5.50% | 6.00% | — | Any amount |
181 to 200 days |
6.20% | 6.70% | — | Any amount |
201 days to less than 1 year |
6.40% | 6.90% | — | Any amount |
1 to 2 years |
7.00% | 7.50% | — | Any amount |
445 days 445-Day Special |
7.05% | 7.55% | — | Any amount |
2 to 3 years |
7.00% | 7.50% | — | Any amount |
3 to 5 years |
6.70% | 7.20% | — | Any amount |
5 to 10 years |
6.60% | 7.10% | — | Any amount |
Deposits with Meghalaya Co-operative Apex Bank are insured by DICGC up to ₹5,00,000 per depositor (principal + interest). Senior citizens (60+) typically earn an extra 0.50% p.a. over the published general rates.
Informational only — always confirm the current rate on the official MegCAB 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.
Tell us what would make RateScan.in more useful. No email required.