Tumkur Grain Merchants' Co-operative Bank Ltd. interest rates · November 2026
Tumkur Grain Merchants Co-op Bank FD rates
All tenures, calculator and comparison →What will my FD earn at Tumkur Grain Merchants Co-op Bank?
Overview
Tumkur Grain Merchants' Co-operative Bank Ltd. (Tumkur Grain Merchants Co-op Bank) is an urban co-operative bank (UCB), headquartered in Tumakuru. Its headline 1-year FD rate of 6.75% is 0.10% above the urban co-operative bank average of 6.65%, ranking #480 of 1033 banks on RateScan.in.
Rates 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 Tumkur Grain Merchants' 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.
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RBI fined the bank ₹1 lakh
RBI's reason: “for non-compliance with specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’”
What RBI found
“In non-adherence to directions issued under SAF, the bank had: sanctioned fresh loans and advances carrying risk- weight of more than 100%; offered interest rates on fixed deposits higher than those offered by the State Bank of India; and sanctioned / renewed credit facilities to sector having high level of NPA / defaults.”
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
30 branches in 8 districts
Most branches: Bengaluru Urban 15, Tumakuru 7, Mysuru 3
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.
Tumkur Grain Merchants Co-op Bank rates
Every rate, tenure by tenure, and what your money grows to.
Tumkur Grain Merchants Co-op Bank Fixed Deposit rate changes
Changes to Tumkur Grain Merchants Co-op 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 Tumkur Grain Merchants Co-op Bank's fixed deposit (FD) rates has been recorded since tracking started on 24 Oct 2026.
Good to know
- Deposits with Tumkur Grain Merchants' 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.
- Tumkur Grain Merchants 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 Tumkur Grain Merchants Co-op Bank, depending on the tenure.
Informational only. Always confirm the current rate on the official Tumkur Grain Merchants 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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