Welcome to The Malegaon Merchants Co-op. Bank Ltd.,Malegaon
The Malegaon Merchants Co-op. Bank Ltd.,Malegaon
Reg. No.: NSK/BNK/101 Date 30/03/1962
Reserve Bank License No.: UBD/MH/930 P.Date. 30/11/1987

Deposit Interest Rates

 

#

For period

Interest Rate P.A.

1

15 days to 90 days

4.50 %

2

91 days to 180 days

4.75 %

3

181 days to 1 year

5.50 %

4

After 1 year to 3 years

6.50 %

5

After 3 years to 5 years

7.00 %

 

💼 Special facilities:

  • For Senior citizens get an extra 0.5% interest for 12 months and above tenure.
  • Deposit insurance protection up to ₹5 lakhs*.

 

🏦 Bank's Features Regarding Deposits

  • Nomination (heir) facility for term deposits.
  • Deposit insurance protection and premium paid.
  • Account can be opened in the name of a minor or jointly.
  • Friendly, prompt, and honest service.
  • Visit the nearest branch to get details about deposit schemes.