Shikshak Sahakari Bank Ltd. interest rates · October 2026
Overview
Shikshak Sahakari Bank Ltd. (Shikshak Bank) is an urban co-operative bank (UCB), headquartered in Nagpur, established in 1979. Its headline 1-year FD rate of 6.15% is 0.11% below the urban co-operative bank average of 6.26%, ranking #208 of 248 banks on RateScan.in. RateScan.in tracks 24 published rate lines for Shikshak Bank (product types: 1), last verified 18 Oct 2026. CRAR / NPA figures are not available for this bank.
Rates as of 3 Oct 2024, 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 Shikshak Bank
56 banks serving Maharashtra pay more. Top picks:
Good to know
- Deposits with Shikshak Sahakari 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.
- Shikshak 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 0.75% p.a. more than general customers at Shikshak Bank, depending on the tenure.
Informational only — always confirm the current rate on the official Shikshak 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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