Interest rates for Deposits accepted/renewed by Maharashtra Gramin Bank
Term Deposit Tax Saver Schemes (Minimum Period 5 Years) will be as per the Interest Rate mentioned above
upto investment of Rs. 1.50 lakh only in a Financial Year.
- The revised interest rates are applicable to renewals and fresh (new) Term Deposits only.
- Senior Citizens will be offered an additional rate of 0.50 % only for Term Deposits of 91 days and above period.
- Deposits to be accepted for a maximum period of 10 years.
- Deposits accepted at one branch should not be split into other branches.
- Interest rate for Saving Bank Deposit - 2.75 % p.a. (1 % additional for staff and retired employees
of the Bank).
- All rates are subject to change from time to time.