The United Mercantile Co-operative Bank Ltd., Kanpur interest rates · November 2026
United Mercantile Co-op Bank FD rates
All tenures, calculator and comparison →What will my FD earn at United Mercantile Co-op Bank?
Overview
The United Mercantile Co-operative Bank Ltd., Kanpur (United Mercantile Co-op Bank) is an urban co-operative bank (UCB), headquartered in Kanpur. Its headline 1-year FD rate of 7.00% is 0.35% above the urban co-operative bank average of 6.65%, ranking #295 of 1033 banks on RateScan.in.
Rates as of 1 Jan 2024, 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 United Mercantile Co-operative Bank Ltd., Kanpur, 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 ₹3.00 lakh
RBI's reason: “for non-compliance direction issued under ‘Supervisory Action Framework (SAF) for Primary (Urban) Co-operative Banks (UCBs)’”
What RBI found
“The charge of offering higher interest rates, on term and savings deposits, than those offered by State Bank of India in contravention of specific directions issued under SAF was sustained.”
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
16 branches in 2 districts
Most branches: Kanpur Nagar 15, Kanpur Dehat 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.
United Mercantile Co-op Bank rates
Every rate, tenure by tenure, and what your money grows to.
United Mercantile Co-op Bank Fixed Deposit rate changes
Changes to United Mercantile Co-op Bank's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 25 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 United Mercantile Co-op Bank's fixed deposit (FD) rates has been recorded since tracking started on 25 Oct 2026.
Good to know
- Deposits with The United Mercantile Co-operative Bank Ltd., Kanpur 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.
- United Mercantile 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 United Mercantile Co-op Bank, depending on the tenure.
Informational only. Always confirm the current rate on the official United Mercantile 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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