Welcome to our Mogaveera Bank

Interest Rates

REVISION IN THE RATE OF INTEREST ON DEPOSITS WITH EFFECT FROM 08.02.2023.

A) FOR GENERAL PUBLIC:

ParticularsInterest Rates (%)

15 to 30 days

3.00

31 to 90 days

3.50

91 to 180 days

4.50

181 to 365 days

6.00

Above 1-2 yrs

6.75

Above 2-3 yrs

7.00

Above 3-4 yrs

6.50

Above 4-10 yrs

6.50

B) BULK DEPOSITS :

Bulk Deposits of Rs. 15 Lakhs and above for 1 year and above.

C) SENIOR CITIZENS :

0.50% Additional Interest rate for Senior Citizens

The Mogaveera Co-operative Bank's Deposits are insured with DICGC for up to 5 Lakhs.

DESPOSIT INSURANCE AND CREDIT GURANTEE CORPORATION
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