Mahabank's monthly interest deposit scheme offers the convenience of getting monthly income, just like an added income to normal earnings, making it possible to plan monthly budget.

Eligibility :

The Account can be opened in the name of an individual, minor, joint depositors, firms, corporate, clubs etc.

Amount of Deposit :

Minimum amount of deposit Rs.1000/- and in multiples of Rs.100/- thereafter.

Rate of Interest :

Attractive Rate of interest as decided by Bank from time to time on maturity patterns. The monthly interest is calculated at discounted value.

Period of Deposit :

Period of deposit would range from a minimum period of 12 months to maximum period of 120 months.

Other benefits:

  • Int. would be credited as per instructions of depositor to his SB, CA, RD a/c etc.
  • Loan facility is available Upto 90% of the deposit.
  • Nomination facility is available.
 
 
 
 
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IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.