(A Scheduled Bank Established by Government of India,
Sponsor Bank: Bank of Maharashtra)
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Term Deposits
Home
| Personal Banking | Deposits | Term Deposits
Term Deposits
Eligibility
Amount of Deposit
Tenure of the Deposit
Interest Rate
Types of Deposits & Interest Payment
Investment Limits
Tax Aspects
Transferability Feature
Nomination Facility
Eligibility
Individual or HUF
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Amount of Deposit
Minimum Rs 100/- or in Multiple of Rs. 100.
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Tenure of the Deposit
Over 1 year and in multiple of 3 months.
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Interest Rate
Subject to change by the Bank from time to time.
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Types of Deposits & Interest Payment
The Deposits can be accepted under the scheme in MIDR / QIDR/FDR/CDR Accordingly interest to be paid half yearly/ quarterly/monthly/in lump sum on maturity.
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Investment Limits
Minimum Rs 100/- or in Multiple of Rs. 100.
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Tax aspects
Interest on these term deposits shall be liable to tax under the Act, The tax on such interest shall be deducted in accordance with the provisions of section 194A or section 195 of the Act
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Transferability Feature
Can be transferred from one branch to another branch of the bank.
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Nomination Facility
Available as per our existing practice in the Bank.
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RECURRING DEPOSIT
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