The Surat Mercantile Co-op. Bank Ltd.
The Surat Mercantile Co-op. Bank Ltd.
RBI Lic No: UBD GUJ 1562

Deposit Interest Rates

 Deposit Interest Rates (W.E.F 1-07-2025) :

Sr. No.

 Nature of Deposit Rate of Int.(%) p.a.
1   Saving Bank A/c.  3.00 %
                      - : Fixed Deposits / Recurring Deposits : -
2     7 days to 45 days  3.00 %
3   46 days to 90 days  4.25 %
4   91 days to 365 days  5.25 %
5   More than 1 Years to 3 Years  6.50 %
6   More than 3 Years to  5 Years  7.25 %
7   More than  5 Years to 10 Years  7.00 %
   --: Special Schemes : --  
1   Riddhi Siddhi Deposit Scheme for 333 Days  8.30 % (Simple Interest)
2   Riddhi Siddhi Deposit Scheme for 444 Days   8.00 % (Simple Interest)
3   Shashtipurti  Deposit Scheme for 555 Days  8.20 % (Simple Interest)
4   Riddhi Siddhi Deposit Scheme for 666 Days  8.25 % (Simple Interest)
   Senior Citizen FD Account Holder is eligible for additional 1.00 % rate of Interest, if FD term is more than 1 Year.   
   A single FD amounting Rs.15 Lacs & more, is eligible for additional 0.50% Rate of Interest if FD term is above 1 Year.  
   Bank Staff members are eligible for additional 0.75% over and above mentioned rate of interest.
   Recurring Deposit Account will be open with the instalment in maltipal of Rs. 100
   Under all special scheme deposits ( Simple Interest ) , Quaterly Interset can be pay.  

   FD under Special Scheme does not have auto-renew facility. The customer should inform to bank / branch on or before

   maturity date about renewal of the FD.

   In normal deposit schemes, customer can get only one benefit of additional interest rate, either of senior citizen or staff on a

   single deposit of  Rs.15 Lacs & above.  Customer does not get benefit of both interest rate together.

    Note:-  Under mentioned Special Schemes are discontinued from 01-05-2023.

               1)  Special Scheme                           551 Days

               2)  Jan Laxmi Special Scheme          751 Days

               3)  Jan Laxmi Special Scheme          999 Days

               4)  Jan Laxmi Special Scheme        1111 Days

               5)  Laxmi Vrudhhi Special Scheme 1801 Days

               6)  Jan Laxmi Special Scheme          751 Days