A Y-type zeolite having a SiO.sub.2 /Al.sub.2 O.sub.3 ratio of at least about 4 is produced by the following process. In the first step of the process, an aqueous alkali silicate solution and an aqueous alkali aluminate solution are mixed together in the presence of an alkali in an amount such that the ratio of M.sub.2 O(M: an alkali metal)/Al.sub.2 O.sub.3, present in the mixed solution, is at least about 5 by mole, followed by forming a gel in the mixed solution and, then, separating the gel therefrom. In the second step, the separated gel is incorporated in an aqueous alkali silicate solution or an aqueous alkali silicate-alkali mixed solution to obtain a slurry and, then, a Y-type zeolite crystal is formed in the slurry.