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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/- and in multiples of Rs.100/- thereafter.

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.