Quarterly Interest Deposit Scheme
Bank of Maharashtra Quarterly interest deposit scheme is an ideal scheme to plan tax liabilities or investment depending upon the quarterly interest paid on deposit.
Eligibility :
Any individual, firm, corporate, minor, joint depositors or club etc.
Amount of Deposit :
Minimum amount is Rs.1,000/-
Rate of Interest :
The bank decides attractive rate of interest from time to time on maturity patterns.
Period of Deposit :
Period of deposit varies from 12 months to 120 months.
Nomination :
INomination facility is available.
Other benefits:
- Loan facility is available Upto 90% of the deposit.
- Interest will be deposited quarterly as per instructions of the depositor to his SB, CA or any other account.