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Interest Rates on Deposits

Domestic Deposits (With Effect from 01-12-2013)

S.No. Slab/Category Rate of Interest
    Other than Sr. Citizens Sr. Citizens Super Sr. Citizens
  Savings Deposits
4.00% 4.00% 4.00%
  TERM DEPOSITS      
1. 30 Days to 90 Days 7.00% 7.50% 7.75%
2. 91 Days to 180 Days 7.50% 8.00% 8.25%
3. 181 Days to 299 Days 8.00% 8.50% 8.75%
4. 300 Days 9.50% 10.00% 10.25%
5. 301 Days & upto 1 year 8.00% 8.50% 8.75%
6. Above 1 Year & upto 2 Years 9.00% 9.50% 9.75%
7. Above 2 Years & upto 5 Years 9.50% 10.00% 10.25%
8. Above 5 Years & upto 10 Years 9.00% 9.50% 9.75%
  TAX SAVER SCHEME:      
9. 5 Years & Above 9.50% 10.00% 10.25%

Based on market scenario, rates may be offered lesser or more than the above revised rates for deposits of Rs.15.00 lacs and above as per the decision taken by the Competent Authority from time to time.

Interest rates on NRE deposits

With effect from 01-12-2013

S.No. Slab/Category Rate of Interest
1. Savings Bank Account 4.00%
2. Above 1 Year and to 2 Years 9.00%
3. Above 2 Years and to 5 Years 9.50%
4. Above 5 Years 9.00%

Deposit Schemes

Mahesh Bank offers different deposit schemes with lucrative Interest Rates.