#1
8th July 2015, 12:15 PM
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PMC Bank Term Deposit Rates
I want to open a account in Punjab & Maharashtra Co-operative Bank Ltd. Provide information regarding the Rate of Interest on Term Deposits .
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#2
8th July 2015, 12:57 PM
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Re: PMC Bank Term Deposit Rates
Punjab & Maharashtra Co-operative Bank is a Multi-State Scheduled Urban Co-operative Bank which was started in the year 1984 as a single branch Bank. I The Bank stands among top 10 co-operative banks of the country. Rate of Interest Interest on Savings Bank A/c is 4.00 % p.a. . Interest on term deposits to be paid Half-yearly Monthly, Quarterly, , & re-invested by quaterly compounding. Deposits are insured up to Rs. 1 Lakh per depositor. Rate of Interest on Term Deposits: Period Rate Rate For General Depositors Senior Citizen 7 days to 90 days 6.00 % p.a. 6.00 % p.a. 91 days to 180 days 6.00 % p.a. 6.00 % p.a. 181 days to 270 days 7.50 % p.a. 7.50 % p.a. 271 days to 12 months 9.00 % p.a. 9.00 % p.a. 13 months to 24 months 9.25 % p.a. 9.50 % p.a. 25 months to 36 months 9.25% p.a. 9.50% p.a. 37 months to 60 months 9.25 % p.a. 9.50 % p.a. 61 months to 120 months 8.75 % p.a. 9.00 % p.a. |
#3
10th December 2015, 09:18 AM
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Re: PMC Bank Term Deposit Rates
Hii Guys , I want to know Punjab & Maharashtra Co-operative Bank Term Deposit Interest Rates , Would you please give me details for same ?
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#4
10th December 2015, 09:19 AM
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Re: PMC Bank Term Deposit Rates
Interest on Savings Bank A/c @ 4.00 % p.a. Interest on term deposits to be paid Monthly, Quarterly, Half-yearly, & re-invested by quaterly compounding Rate of Interest on Term Deposits: Period Rate Rate Maturity Brackets For General Public For Senior Citizen Depositors 7 days to 90 days 6.00% p.a. 6.00% p.a 15 days to 90 days 6.00% p.a. 6.00% p.a 91 days to 180 days 6.00% p.a. 6.00% p.a 181 days to 270 days 7.50% p.a. 7.50% p.a 271 days to 12 months 8.50% p.a. 8.50% p.a 13 months to 36 months 8.75% p.a. 9.00%p.a 37 months to 120 months 8.25% p.a. 8.50%p.a Special Schemes For General Depositors: Bal Bhavishya Scheme 8.00 % p.a.. Penalty of 1% p.a. levied for premature withdrawal of deposits. Rate of interest of 6% on deposit for a period of 7 – 14 days will be given provided deposit is Rs. 5,00,000.00 and above. Rate of Interests for NRI's (Non-resident Indians): Maturity Brackets Revised Rate of Interest w.e.f. 26/10/2015 12 months 8.50 % p.a 13 months to 24 months 8.75 % p.a 25 months to 36 months 8.75% p.a 37 months to 60 months 8.25% p.a 61 months to 120 months 8.25 % p.a |
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