Interest Rates on Deposits

Interest Rates on Deposits

Domestic Deposits (With Effect from 15-02-2017)

S.No. Slab/Category Rate of Interest  
    Resident Indians Sr. Citizens
(60 Yrs to 75 Yrs)
Super Sr. Citizens
(Above 75 Yrs)
NRE
  Savings Deposits 4.00% 4.00% 4.00% 4.00
  TERM DEPOSITS        
1. 30 Days to 90 Days 6.25% 6.75% 7.00% -
2. 91 Days to 180 Days 6.50% 7.00% 7.25% -
3. 181 Days to 299 Days 7.00% 7.50% 7.75% -
4. 300 Days 7.50% 8.00% 8.25% -
5. 301 Days & upto 1 year 7.00% 7.50% 7.75% -
6. Above 1 Year & upto 2 Years 7.25% 7.75% 8.00% 7.25%
7. Above 2 Years & upto 3 Years 7.25% 7.75% 8.00% 7.25%
8 Above 3 Years & Upto 5 Years 7.00% 7.50% 7.75% 7.00%
9. Above 5 Years 6.50% 7.00% 7.25% 6.50%
  TAX SAVER SCHEME:        
10. 5 Years & Above 7.50% 8.00% 8.25% -

Deposit Schemes

Mahesh Bank offers different deposit schemes with lucrative Interest Rates.

  • Mahesh Multiplier Deposit Scheme (MMD)
  • Fixed Deposits
  • Mahesh Lakhpati Yojana
  • Mahesh Automatic Renewal Scheme (MARS)
  • Recurring Deposits (RD)
  • Mahesh Tax Saver Fixed Deposit & Mahesh Tax Saver Multiplier Deposit Scheme
  • Mahesh Cash Certificate: (MCC)
  • Mahesh Mangal Nidhi (MMN)

Basic Savings

Features

No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities

PMJDY

PMJDY

The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.