Mahalakshmi Cooperative Bank

Deposits Interest Rates

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Deposits Interest Rates

Deposits

General

Sr.Citizen/Institutions

15 days to 45 days

4.00%

4.00%

46 days to 90 days

4.50%

5.00%

91 days upto 180 days

6.50%

7.00%

181 days to upto 364 days

7.00%

7.50%

1 year and above upto 2 years

8.45%

8.85%

Above 2 years

8.80%

9.60%

S. B :

3.50%

3.50%

JND:

For 2 years and above

4.00%

4.00%

Other Terms And Conditions:

1) No withdrawal will be allowed before 6 months of opening of JND A/c.
2) Loan on J N D – 10%
3) Penalty interest of 1% will be levied in case of premature withdrawal of deposit
4) For Institutional loan on deposit: Deposit Rate of Int+1%.

Deposits For General / Senior Citizen

Sr.Citizen/Institutions

FD for 450 Days

4.00%

FD for 750 Days

5.00%

For Registered firms/Institution

6.50%

Up to 9,99,999​

FD for 450 Days

7.75%

FD for 750 Days

8.10%

Rs. 10 lakh and above

FD for 450 Days

8.50%

FD for 450 Days

8.90%