Bank of Maharashtra
BANKING
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.
Bank of
Maharashtra increases interest rates on term deposits
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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