Rates verified from official source

The Shirpur Peoples Co-operative Bank Ltd. interest rates · November 2026

Shirpur Peoples Co-op Bank FD rates

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What will my FD earn at Shirpur Peoples Co-op Bank?

Estimated value after 1 year · before tax ₹5,33,301 6.50% p.a. · ₹33,301 interest · quarterly compounding

Overview

The Shirpur Peoples Co-operative Bank Ltd. (Shirpur Peoples Co-op Bank) is an urban co-operative bank (UCB), headquartered in Shirpur, Dhule. Its headline 1-year FD rate of 6.50% is 0.15% below the urban co-operative bank average of 6.65%, ranking #594 of 1033 banks on RateScan.in.

Headquarters
Shirpur, Dhule
Monitored since
26 Oct 2026
Operates in
Maharashtra

Rates as of 16 Aug 2026, 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 Shirpur Peoples 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.

  1. RBI fined the bank ₹2.00 lakh

    RBI's reason: “for non-compliance with directions issued by RBI on Exposure Norms & Statutory Other Restrictions- UCBs and Board of Directors-UCBs”

    What RBI found

    “The bank had sanctioned loans to the firms in which director’s relatives were interested.”

    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.”

    RBI press release 2023-2024/1783

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

1 branch

Most branches: Dhule 1

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.

Shirpur Peoples Co-op Bank Fixed Deposit rate changes

Changes to Shirpur Peoples Co-op Bank's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 26 Oct 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 Shirpur Peoples Co-op Bank's fixed deposit (FD) rates has been recorded since tracking started on 26 Oct 2026.

Good to know

  • Deposits with The Shirpur Peoples 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.
  • Shirpur Peoples Co-op 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 Shirpur Peoples Co-op Bank, depending on the tenure.

Informational only. Always confirm the current rate on the official Shirpur Peoples Co-op 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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