Smriti Nagrik Sahakari Bank Maryadit interest rates · November 2026
Smriti Nagrik Sahakari Bank FD rates
All tenures, calculator and comparison →What will my FD earn at Smriti Nagrik Sahakari Bank?
Overview
Smriti Nagrik Sahakari Bank Maryadit (Smriti Nagrik Sahakari Bank) is an urban co-operative bank (UCB), headquartered in Mandsaur. Its headline 1-year FD rate of 7.25% is 0.60% above the urban co-operative bank average of 6.65%, ranking #190 of 1033 banks on RateScan.in.
Rates as of 15 May 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 Smriti Nagrik Sahakari Bank Maryadit, 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 ₹2.50 lakh
RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’ and ‘Know Your Customer (KYC)’”
What RBI found
“The bank had failed to: implement certain cyber security controls prescribed by RBI under the Comprehensive Cyber Security Framework; and carry out periodic updation of KYC of certain customers as per the prescribed periodicity.”
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 ₹4.20 lakh
RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Customer Service - UCBs’ and ‘Loans and advances to directors, their relatives, and firms / concerns in which they are interested’”
What RBI found
“The bank had: recovered SMS alert charges from its customers, which were not on the actual usage basis; and sanctioned a loan to the relative of the bank’s director.”
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
15 branches in 4 districts
Most branches: Mandsaur 7, Neemuch 5, Ratlam 2
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.
Smriti Nagrik Sahakari Bank rates
Every rate, tenure by tenure, and what your money grows to.
Smriti Nagrik Sahakari Bank Fixed Deposit rate changes
Changes to Smriti Nagrik Sahakari Bank's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 24 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 Smriti Nagrik Sahakari Bank's fixed deposit (FD) rates has been recorded since tracking started on 24 Oct 2026.
Good to know
- Deposits with Smriti Nagrik Sahakari Bank Maryadit 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.
- Smriti Nagrik Sahakari 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 Smriti Nagrik Sahakari Bank, depending on the tenure.
Informational only. Always confirm the current rate on the official Smriti Nagrik Sahakari 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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