Azadi ka Amrit Mahatsav
Snow

Deposit Interest Rates

Interest rates for Deposits accepted/renewed by Maharashtra Gramin Bank
Sr.No. Period (For deposite below Rs. 2.00 Crore) Interest Rate % w.e.f. 14.06.2024
1 07 - 14 Days 3.75
2 15 - 30 Days 3.75
3 31 - 45 Days 3.75
4 46 - 90 Days 4.80
5 91 - 179 Days 5.00
6 222- DAYS SPECIAL 6.95
7 180 - less than 1 year 6.25
8 1 Year 7.00
9 444- DAYS SPECIAL 7.15
10 Above 1 Year to Less Than 2 Years 7.00
11 2 Years to Less Than 3 years 6.80
12 3 Years SPECIAL 6.85
13 Above 3 Years to Less Than 5 Years 6.50
14 5-Year SPECIAL 6.85
15 5 Years to 10 Years 6.50
16 Tax Saver Schemes * (For 5 Years to 10 Years) 6.25
* Bank has introduced new product “MGB 1-Year SPECIAL” (Non-Callable) Domestic Retail Term Deposits (above ₹1 crore to less than ₹2 crores) (Pre-Mature Payment not allowed). For more info please click on Annexure button below.
Annexure-I

ANNEXURE-I

Sr.No. Product Name Period Interest Rate %
1 MGB 1-Year SPECIAL 1-Year 7.20%

--General Information on this product --
  • 1)‘MGB 1-Year SPECIAL’ is Non-Callable Domestic Retail Term Deposit product (Pre-Mature Payment not allowed).
  • 2)‘MGB 1-Year SPECIAL’ is for amount above ₹1 crore to less than ₹2 crores.
  • 3)In ‘MGB 1-Year SPECIAL’ Senior Citizens are eligible for additional 0.50% rate of interest.
  • 4)Diffrencial Interest Rate (DRI) permission NOT allow to ‘MGB 1-Year SPECIAL’.
For Interest Rates of Single Domestic Term Deposits of 2.00 Crore & Above. Kindly Contact to Nearest Branch.

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. --General Conditions--

Premature payment of Term Deposits -