Deposit Interest Rates

Interest rates for Deposits accepted/renewed by Maharashtra Gramin Bank

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Sr.No.	Period (For deposite below Rs. 2.00 Crore)	Interest Rate % w.e.f. 02.05.2025
1	07 - 14 Days	3.25
2	15 - 30 Days	3.25
3	31 - 45 Days	3.25
4	46 - 90 Days	4.50
5	91 - 179 Days	5.00
6	180 - Less than 1 Year	6.00
7	1 Year	6.85
8	Above 1 Year to Less Than 2 Years	6.85
9	2 Years to Less Than 3 years	6.50
10	Above 3 Years to Less Than 5 Years	6.50
11	5 Years to 10 Years	6.50

--General Conditions--

• 1) The interest rates are applicable to renewals and fresh (new) Term Deposits only.
• 2) Senior Citizens will be offered an additional rate of 0.50 % only for Term Deposits of 91 days and above period.
• 3) The deposit placed equal to or above Rs.2.00 crore in single working day should be considered as single Deposit of Rs. 2.00 crore and above, irrespective of the number of receipts.
• 4) Overdue term deposit will attract rate of interest as applicable to savings account or the contracted rate of interest on the matured TD, whichever is lower.
• 5) Deposits to be accepted for a maximum period of 10 years.
• 6) Deposits accepted at one branch should not be split into other branches.
• 7) Interest rate for Saving Bank Deposit – 2.75 % p.a.
• 8) All rates are subject to change from time to time.
• 9) In case if premature withdrawal of Deposit, the applicable rate would be 1 % below the Interest Rate of the period for which deposit has been actually heldwith the bank.