Welcome to our Mogaveera Bank

Interest Rates

REVISION IN THE RATE OF INTEREST ON DEPOSITS WITH EFFECT FROM 16.04.2018.

A) FOR GENERAL PUBLIC:

ParticularsInterest Rates (%)

15 to 30 days

3.00

31 to 90 days

4.00

91 to 180 days

5.00

181 to 365 days

6.00

Above 1-2 yrs

6.10

Above 2-3 yrs

6.75

Above 3-4 yrs

6.00

Above 4-10 yrs

6.00

C) BULK DEPOSITS :

0.25% Additional Interest rate for Senior Citizen and Bulk Deposits of Rs. 15.00 lakhs and above for 1 year and above.

The new rates will be effective from 01.01.2021 and will be applicable to new deposits as well as on a renewal of existing deposits.

Staff members will be eligible for 1% extra interest on all slabs.

All the Branch Managers and HODs are requested to market the revised upward rate of interest and mobilize the maximum amount with the help of their staff members.

General Manager.