The Surat Mercantile Co-op. Bank Ltd. Fixed Deposit interest rates · October 2026
Surat Mercantile Bank's best Fixed Deposit rate is 8.00% (666 days), 1.00 points below the best on the market (9.00%).
- Seniors: up to 8.05% (More than 5 Years), 0.75 points above the general rate for that tenure.
| Tenure | General | Senior | Applies to | Effective On | Source |
|---|---|---|---|---|---|
7 days to 45 days |
3.00% | — | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
46 days to 90 days |
4.25% | — | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
91 days to 365 days |
5.25% | — | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
More than 1 Years to 2 Years |
6.50% | 7.25% | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
444 days Riddhi Siddhi Deposit Scheme |
7.35% | — | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
555 days Shashtipurti Deposit Scheme |
7.50% | — | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
666 days Riddhi Siddhi Deposit Scheme |
8.00% | — | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
More than 2 Years to 3 Years |
6.75% | 7.50% | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
More than 3 Years to 5 Years |
7.25% | 8.00% | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
More than 5 Years |
7.30% | 8.05% | Any amount | 1 May 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
Surat Mercantile Bank FD returns at a glance based on investment amount
| Deposit | ~1 year5.25% | ~3 years6.75% | ~5 years7.25% | ~10 years7.30% |
|---|---|---|---|---|
| ₹50,000 | ₹52,677₹219/mo | ₹61,120₹281/mo | ₹71,613₹302/mo | ₹1,03,073₹304/mo |
| ₹1 lakh | ₹1,05,354₹438/mo | ₹1,22,239₹563/mo | ₹1,43,226₹604/mo | ₹2,06,147₹608/mo |
| ₹2 lakh | ₹2,10,709₹875/mo | ₹2,44,479₹1,125/mo | ₹2,86,452₹1,208/mo | ₹4,12,294₹1,217/mo |
| ₹5 lakh | ₹5,26,771₹2,188/mo | ₹6,11,196₹2,813/mo | ₹7,16,130₹3,021/mo | ₹10,30,734₹3,042/mo |
| ₹10 lakh | ₹10,53,543₹4,375/mo | ₹12,22,393₹5,625/mo | ₹14,32,261₹6,042/mo | ₹20,61,469₹6,083/mo |
Illustrative · quarterly compounding · rates as of 22 Oct 2026. Maturity assumes cumulative FD; monthly figure is simple interest ÷ 12 (non-cumulative payout). Not a bank quote — verify on the bank's site. DICGC insures up to ₹5 lakh per depositor per bank.
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- Special scheme (simple interest); no additional benefit applies
General rate by tenure (% p.a.)
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.
Senior rate by tenure (% p.a.)
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.
Senior rate by tenure (% p.a.)
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.
Surat Mercantile Bank Fixed Deposit rate changes
Changes to Surat Mercantile Bank's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 22 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 Surat Mercantile Bank's fixed deposit (FD) rates has been recorded since tracking started on 22 Oct 2026.
Compare Surat Mercantile Bank with similar banks
Nearby banks paying a little more at 1 year
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Best FD rates among urban co-operative banks → Best FD rates in Gujarat →
Surat Mercantile Bank Fixed Deposit: frequently asked questions
What is the highest Surat Mercantile Bank Fixed Deposit interest rate?
As of 22 Oct 2026, The Surat Mercantile Co-op. Bank Ltd. offers up to 8.00% p.a. on its fixed deposit (FD) (666 days) for general customers and 8.05% p.a. (More than 5 Years) for senior citizens. Rates below are as published by the bank — confirm with Surat Mercantile Bank before investing.
What is the Surat Mercantile Bank 1-year FD interest rate?
As of 22 Oct 2026, The Surat Mercantile Co-op. Bank Ltd. offers 5.25% p.a. on a 1-year FD for general customers (for a ₹5 lakh deposit). The rate is effective 1 May 2026 and was last verified 22 Oct 2026. Source: the bank's official rate page.
What is the Surat Mercantile Bank 2-year FD interest rate?
As of 22 Oct 2026, The Surat Mercantile Co-op. Bank Ltd. offers 6.50% p.a. on a 2-year FD for general customers and 7.25% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 1 May 2026 and was last verified 22 Oct 2026. Source: the bank's official rate page.
What is the Surat Mercantile Bank 3-year FD interest rate?
As of 22 Oct 2026, The Surat Mercantile Co-op. Bank Ltd. offers 6.75% p.a. on a 3-year FD for general customers and 7.50% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 1 May 2026 and was last verified 22 Oct 2026. Source: the bank's official rate page.
What is the Surat Mercantile Bank 5-year FD interest rate?
As of 22 Oct 2026, The Surat Mercantile Co-op. Bank Ltd. offers 7.25% p.a. on a 5-year FD for general customers and 8.00% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 1 May 2026 and was last verified 22 Oct 2026. Source: the bank's official rate page.
Do senior citizens get higher Fixed Deposit rates at Surat Mercantile Bank?
Yes. Senior citizens (60+) earn up to 0.75% p.a. more than general customers at The Surat Mercantile Co-op. Bank Ltd., depending on the tenure.
When did Surat Mercantile Bank last change its Fixed Deposit rates?
RateScan.in has recorded no change to The Surat Mercantile Co-op. Bank Ltd.'s fixed deposit (FD) rates since it started tracking them on 22 Oct 2026.
What fixed deposit (FD) tenures does Surat Mercantile Bank offer?
The Surat Mercantile Co-op. Bank Ltd.'s published fixed deposit (FD) rate table has 7 tenure bands, from “7 days to 45 days” to “More than 5 Years”.
Does Surat Mercantile Bank have special fixed deposit (FD) schemes?
The Surat Mercantile Co-op. Bank Ltd.'s rate table lists these named schemes (2): Riddhi Siddhi Deposit Scheme; Shashtipurti Deposit Scheme. Check eligibility and end dates with the bank.
Does Surat Mercantile Bank pay more than the Post Office Time Deposit?
The Surat Mercantile Co-op. Bank Ltd. pays more than the Post Office Time Deposit at 0 of 4 standard tenures compared (general rates). Rates: 1y 5.25% (PO 6.90%), 2y 6.50% (PO 7.00%), 3y 6.75% (PO 7.10%), 5y 7.25% (PO 7.50%). PO is the Post Office Time Deposit rate.
How does Surat Mercantile Bank's 1-year FD rate rank?
The Surat Mercantile Co-op. Bank Ltd.'s 1-year general FD rate of 5.25% ranks #321 of 333 banks on RateScan.in (as of 22 Oct 2026). The highest is Sangli DCCB at 8.25%.
Is my fixed deposit (FD) with Surat Mercantile Bank insured?
Deposits with The Surat Mercantile Co-op. Bank Ltd. are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).
How current are these Surat Mercantile Bank rates?
RateScan.in refreshed this dataset on 22 Oct 2026; the bank's rates shown here are effective 1 May 2026. Rates can change without notice, so verify on the official Surat Mercantile Bank website before investing.
More Surat Mercantile Bank rates
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Cumulative FD, quarterly compounding. Illustrative, not a bank quote.
Good to know
- Deposits with The Surat Mercantile Co-op. 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.
- Surat 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 0.75% p.a. more than general customers at Surat Mercantile Bank, depending on the tenure.
- Surat Mercantile Bank's FD table includes 2 special schemes; check eligibility and end dates.
Informational only — always confirm the current rate on the official Surat 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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