Sardarganj Mercantile Co-op. Bank Ltd., Anand interest rates · October 2026
Overview
Sardarganj Mercantile Co-op. Bank Ltd., Anand (Sardarganj Mercantile Bank) is an urban co-operative bank (UCB), headquartered in Anand. Its headline 1-year FD rate of 7.00% is 0.69% above the urban co-operative bank average of 6.31%, ranking #63 of 333 banks on RateScan.in. RateScan.in tracks 10 published rate lines for Sardarganj Mercantile Bank (product types: 2), last verified 22 Oct 2026. CRAR / NPA figures are not available for this bank.
Rates as of 1 Aug 2025, 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 Sardarganj Mercantile Bank
17 banks serving Gujarat pay more. Top picks:
Good to know
- Deposits with Sardarganj Mercantile Co-op. Bank Ltd., Anand 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.
- Sardarganj Mercantile 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 Sardarganj Mercantile Bank, depending on the tenure.
Informational only — always confirm the current rate on the official Sardarganj Mercantile 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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