Ahmedabad Mercantile Co-operative Bank FD Rates

Note: Interest rates are effective from 1 July 2024 .  

NRE Deposit Interest Rates

The interest rates for NRE deposits offered by Ahmedabad Mercantile Co-operative Bank are given below:

Note: Interest rates are effective from 1 July 2024.  

Co-operative Bank Deposit Interest Rates

The interest rates for co-operative bank deposits are mentioned in the table below:

Note: Interest rates are effective from 1 July 2024.  

Features and Benefits of Ahmedabad Mercantile Co-operative Bank Fixed Deposits

The features and benefits of fixed deposits offered by Ahmedabad Mercantile Co-operative Bank are as follows:

1. Interest is paid on a quarterly, half-yearly, and yearly basis.
2. Additional interest rate for senior and super senior citizens.
3. Minors can open a fixed deposit through a guardian.
4. The minimum deposit amount is Rs.1,000.
5. A nomination facility is available.
6. Loans and overdraft facilities against fixed deposits can be availed.
7. A premature withdrawal facility is available. In case of such withdrawals, a penalty of 1% will be levied.

Documents Required to Open Ahmedabad Mercantile Co-operative Bank Fixed Deposit

The following documents are required to open a fixed deposit with Ahmedabad Mercantile Co-operative Bank:

1. Proof of Identity (Any One): Aadhaar Card, Driving Licence, Voter ID, Passport, ID Card Approved by Government College or University, Government/Semi government/Department ID Card
2. Proof of Address (Any One): Municipal Tax Bill, Electricity Bill or BSNL Landline Telephone Bill which is not more than 2 months old
3. PAN Card
4. Birth Certificate in case of minors
5. Passport Size Photographs
6. Age proof must be produced by senior citizens to receive the additional interest rate