A. SAVINGS DEPOSITS: 3 % 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||3.75|
|2||15 days to 29 days;||4.00|
|3||30 days to 45 days;||4.15|
|4||46 days to 60 days;||4.25|
|5||61 days to 90 days;||4.50|
|6||91 days to 179 days||4.75|
|7||180 days to less than 1 year||5.50|
|8||1 years to less than 2 years||5.75|
|9||2 years to less than 3 years||5.90|
|10||3 years and above||6.00|
|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.
Monday – Saturday
2nd Saturday and 4th Saturday is Holiday as per RBI Guideline since 1st September