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 .

[Quick Sam]

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.

Hii Guys , I want to know Punjab & Maharashtra Co-operative Bank Term Deposit Interest Rates , Would you please give me details for same ?

[pawan]

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