Bank of Maharashtra

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BANKING


Bank of Maharashtra increases interest rates on term deposits

 

 Bank of Maharashtra has increased its interest rates on domestic term deposits by 25 to 200 basis points (bps) in different maturity bands with effect from 2nd April 2013.
Interest rate in its popular 444 days term deposit scheme “Maha Nidhi” and 3 years term deposits scheme “Mahalaxmi” for deposit amount upto Rs.1 cr is increased by 35 bps. Under both the scheme, senior citizens will be offered interest rate of 9.60% p.a. and other depositors will be offered 9.10% p.a.
Interest rate for short term deposits is increased by 25 to 200 basis points.

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