MALWA GRAMIN BANK
   
Contact us
    Ph  :  01672-232456
    Fax :  01672-234049
    E-mail :
info@malwagraminbank.com

      Home - About us - Tenders - Recruitments - New Schemes - Contact us

 

 
  About Bank

Overview
Chairman Desk
Board of Directors
History & Profile
Achievements
Picture Gallery
Contact Us
  Agriculture Loans
M.G.B Kisan Credit Card
M.G.B Kisan Gold Card
Loans For Tractors & Agri. Tools
Two Wheeler Loans
Dairy Development

Dairy Loans

  Non Agriculture Loans
Swarozgar Credit Card Scheme
General  Credit Card Scheme

Financing Self Help Groups

  Personal Segment Loans

Loan Against N.S.C

M.G,.B Festivals Loans
Personal Loan For Pensioners
Consumer Loans
Home Loans
Education Loans
Personal Loan
Car Loan
  SIB Segment
Financing Commission Loan
Loan For Traders
Loan for Petrol Pump dealers
  Deposit Schemes
Domestic Term Deposit
No Frills Saving Bank Acc.
Tax Saving Term Deposit
  Business Profile
Service Charges
Five Year Figures
March 2008
Branch Address
Telephone No's
   
 

 

 


 

 

 

 

 

 

 
  Domestic Term Deposit


The Bank's present Interest Rate structure is as under
 

Period

Bank’s revised Rates of Interest (% p.a.)

w.e.f. 14.08.2006

Intt. rates for senior citizens w.e.f. 14.08.2006 (%age)

 7 days and up-to 14 days(minimum deposit Rs15.00 lacs)

3.50#

3.50#

15 days and up-to 45 days

4.50

4.50

46 days and up-to 90 days

 

5.00

 

5.00

91 days and upto 179 days

180 days to less than 1 year

6.00

6.00

1 years to less than 3 years

6.50

7.00

3 years to less than 5 years

6.75

7.25

5 years and above

7.00

7.50

                                                                                        

# Applicable only to Single deposit of Rs.1.00 crore and above.

Further, we advise as under: -  The benefit of additional interest rate of 0.50% (for deposits of 1 year and above but < 3 years) – 1.00% (for deposits of 3 years and above) to senior citizens will now be only 0.5% for all maturities.

ii.       Extant instructions for premature payment penalty on all time deposits inclusive of those of Senior Citizens, will be as under: -

Premature withdrawal of Term Deposits   No penalty on premature payment of term deposits of amount of below Rs.1.00 lac irrespective of maturity period of deposits. However, the rate applicable for the period which the deposit has actually run (prevailing on the date of opening the account) only will be paid.

ii.         A penalty of 1% on the rate applicable for the period for which the deposit has actually run (prevailing on the date of opening the account) in respect of premature payment of term deposits of Rs.1.00 lac and above irrespective of the maturity period of the deposit.

iii.      No interest is payable if the deposit is prematurely withdrawn within 14 days, irrespective of the size of deposit.  

 

 

 

 Copyright @ Malwa Gramin Bank 2008  

                                                       Site Powered By : Infoweb Technologies - Contact No - 0978  123  0004