• search

Mahabank raises term deposit interest rates

Written by: Staff

Pune, May 2 (UNI) Bank of Maharashtra, one of the country's leading nationalised bank has increased the interest rates on it's term deposits with effect from today, According to a release, the rise in rate is applicable for a slab of period over one year upto 2 years. It is 50 basis points from 6.25 per cent to 6.75 per cent. For a period over 2 years upto 3 years, the rise is from 6.50 per cent to 6.75 per cent, while for the period over 3 years upto 5 years, the rise is from 6.25 per cent to 7.00 per cent. For the period over 5 years the rate is 7.25 per cent per annum, the release said.

The current hike in interest rates will be applicable to fresh deposits made from 2nd May, 2006.

Adopting a customer friendly attitude, the highest rate offered by bank is among the best rates offered, compared to competitors.

This apart, the bank has, as usual, taken care of the senior citizens by offering an additional 1 per cent on their deposits.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more