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MSCB Rate of Interest on Deposits

A. SAVINGS DEPOSITS:    3.50 % P.A.

B. CURRENT DEPOSITS:    Nil.

 C. DOMESTIC TERM DEPOSITS:

Sl. No. Period of Deposits Rate of Interest         (% p. a).
1 7 days to 14 days 4.25
2 15 days to 29 days; 4.50
3 30 days to 45 days; 4.65
4 46 days to 60 days; 4.75
5 61 days to 90 days; 5.00
6 91 days to 179 days 5.25
7 180 days to less than 1 year 6.00
8 1 years to less than 2 years 6.25
9 2 years to less than 3 years 6.40
10 3 years and above 6.50

 

 

SENIOR CITIZEN TERM DEPOSITS:

– 0.50 % above the normal rate.

 

MSCB staff: 1% interest above the normal rate will be given on the Term Deposit Accounts opened                           in the name of the existing and retired staff of the MSCB Ltd.

·         No interest will be paid if closed prematurely within 14 days from the date of deposit.

·       For premature payment after 14 days, 1.00 % penalty will be charged on interest rate prevalent on the date of opening of the deposit account for the corresponding period for which the deposit has remained with the Bank.

·     The revised rates of interests will be applicable to fresh and renewals of maturing deposits.

 

 

Working Hours

Monday – Saturday

2nd Saturday and 4th Saturday is Holiday as per RBI Guideline since 1st September

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0385 - 2451540, 2451378

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