The Veraval Mercantile Co-operative Bank Ltd. Fixed Deposit interest rates · October 2026
Veraval Mercantile Bank's best Fixed Deposit rate is 7.25% (03 years to 05 years), 1.00 points below the best on the market (8.25%).
- Seniors: up to 7.75% (03 years to 05 years), 0.50 points above the general rate for that tenure.
| Tenure | General | Senior | Applies to | Effective On | Source |
|---|---|---|---|---|---|
15 days to 30 days |
4.00% | 4.00% | Any amount | 1 Sept 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
31 days to 45 days |
5.00% | 5.00% | Any amount | 1 Sept 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
46 days to 90 days |
5.50% | 5.50% | Any amount | 1 Sept 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
91 days to 180 days |
6.00% | 6.00% | Any amount | 1 Sept 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
181 days to 364 days |
5.75% | 5.75% | Any amount | 1 Sept 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
01 year to 02 years |
6.75% | 7.25% | Any amount | 1 Sept 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
02 years to 03 years |
7.00% | 7.50% | Any amount | 1 Sept 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
03 years to 05 years |
7.25% | 7.75% | Any amount | 1 Sept 2026 ✓ verified 22 Oct 2026 | official fetched 22 Oct 2026 |
Veraval Mercantile Bank FD returns at a glance based on investment amount
| Deposit | ~1 year6.75% | ~3 years7.25% | ~5 years7.25% |
|---|---|---|---|
| ₹50,000 | ₹53,461₹281/mo | ₹62,027₹302/mo | ₹71,613₹302/mo |
| ₹1 lakh | ₹1,06,923₹563/mo | ₹1,24,055₹604/mo | ₹1,43,226₹604/mo |
| ₹2 lakh | ₹2,13,846₹1,125/mo | ₹2,48,109₹1,208/mo | ₹2,86,452₹1,208/mo |
| ₹5 lakh | ₹5,34,614₹2,813/mo | ₹6,20,273₹3,021/mo | ₹7,16,130₹3,021/mo |
| ₹10 lakh | ₹10,69,228₹5,625/mo | ₹12,40,547₹6,042/mo | ₹14,32,261₹6,042/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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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.
Veraval Mercantile Bank Fixed Deposit rate changes
Changes to Veraval 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 Veraval Mercantile Bank's fixed deposit (FD) rates has been recorded since tracking started on 22 Oct 2026.
Compare Veraval 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 →
Veraval Mercantile Bank Fixed Deposit: frequently asked questions
What is the highest Veraval Mercantile Bank Fixed Deposit interest rate?
As of 22 Oct 2026, The Veraval Mercantile Co-operative Bank Ltd. offers up to 7.25% p.a. on its fixed deposit (FD) (03 years to 05 years) for general customers and 7.75% p.a. (03 years to 05 years) for senior citizens. Rates below are as published by the bank — confirm with Veraval Mercantile Bank before investing.
What is the Veraval Mercantile Bank 1-year FD interest rate?
As of 22 Oct 2026, The Veraval Mercantile Co-operative Bank Ltd. offers 6.75% p.a. on a 1-year FD for general customers and 7.25% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 1 Sept 2026 and was last verified 22 Oct 2026. Source: the bank's official rate page.
What is the Veraval Mercantile Bank 2-year FD interest rate?
As of 22 Oct 2026, The Veraval Mercantile Co-operative Bank Ltd. offers 7.00% p.a. on a 2-year FD for general customers and 7.50% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 1 Sept 2026 and was last verified 22 Oct 2026. Source: the bank's official rate page.
What is the Veraval Mercantile Bank 3-year FD interest rate?
As of 22 Oct 2026, The Veraval Mercantile Co-operative Bank Ltd. offers 7.25% p.a. on a 3-year FD for general customers and 7.75% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 1 Sept 2026 and was last verified 22 Oct 2026. Source: the bank's official rate page.
What is the Veraval Mercantile Bank 5-year FD interest rate?
As of 22 Oct 2026, The Veraval Mercantile Co-operative Bank Ltd. offers 7.25% p.a. on a 5-year FD for general customers and 7.75% p.a. for senior citizens (for a ₹5 lakh deposit). The rate is effective 1 Sept 2026 and was last verified 22 Oct 2026. Source: the bank's official rate page.
Do senior citizens get higher Fixed Deposit rates at Veraval Mercantile Bank?
Yes. Senior citizens (60+) earn up to 0.50% p.a. more than general customers at The Veraval Mercantile Co-operative Bank Ltd., depending on the tenure.
When did Veraval Mercantile Bank last change its Fixed Deposit rates?
RateScan.in has recorded no change to The Veraval Mercantile Co-operative Bank Ltd.'s fixed deposit (FD) rates since it started tracking them on 22 Oct 2026.
What fixed deposit (FD) tenures does Veraval Mercantile Bank offer?
The Veraval Mercantile Co-operative Bank Ltd.'s published fixed deposit (FD) rate table has 8 tenure bands, from “15 days to 30 days” to “03 years to 05 years”.
Does Veraval Mercantile Bank pay more than the Post Office Time Deposit?
The Veraval Mercantile Co-operative Bank Ltd. pays more than the Post Office Time Deposit at 1 of 4 standard tenures compared (general rates). Rates: 1y 6.75% (PO 6.90%), 2y 7.00% (PO 7.00%), 3y 7.25% (PO 7.10%), 5y 7.25% (PO 7.50%). PO is the Post Office Time Deposit rate.
How does Veraval Mercantile Bank's 1-year FD rate rank?
The Veraval Mercantile Co-operative Bank Ltd.'s 1-year general FD rate of 6.75% ranks #140 of 353 banks on RateScan.in (as of 22 Oct 2026). The highest is Sangli DCCB at 8.25%.
Is my fixed deposit (FD) with Veraval Mercantile Bank insured?
Deposits with The Veraval Mercantile Co-operative Bank Ltd. are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).
How current are these Veraval Mercantile Bank rates?
RateScan.in refreshed this dataset on 22 Oct 2026; the bank's rates shown here are effective 1 Sept 2026. Rates can change without notice, so verify on the official Veraval Mercantile Bank website before investing.
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Cumulative FD, quarterly compounding. Illustrative, not a bank quote.
Good to know
- Deposits with The Veraval Mercantile 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.
- Veraval 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 Veraval Mercantile Bank, depending on the tenure.
Informational only — always confirm the current rate on the official Veraval 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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