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.