Beti Bachao Beti Padhao

Quarterly Interest Deposit Scheme

Bank of Maharashtra Quarterly interest deposit scheme is an ideal scheme to plan tax liabilities or investment depending upon the quarterly interest paid on deposit.

Eligibility :

Any individual, firm, corporate, minor, joint depositors or club etc.

Amount of Deposit :

Minimum amount is Rs.1,000/- 

Rate of Interest :

The bank decides attractive rate of interest from time to time on maturity patterns.

Period of Deposit :

Period of deposit varies from 12 months to 120 months.

Nomination :

INomination facility is available.

Other benefits:

  • Loan facility is available Upto 90% of the deposit.
  • Interest will be deposited quarterly as per instructions of the depositor to his SB, CA or any other account.