{"id":105374,"date":"2024-05-20T11:18:46","date_gmt":"2024-05-20T11:18:46","guid":{"rendered":"https:\/\/www.mahaveerbank.com\/?page_id=105374"},"modified":"2025-02-27T04:39:10","modified_gmt":"2025-02-27T04:39:10","slug":"fixed-deposits","status":"publish","type":"page","link":"https:\/\/www.mahaveerbank.com\/?page_id=105374","title":{"rendered":"Fixed Deposits"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n
\n Mahaveer Bank<\/span><\/a><\/span> > Blog<\/span><\/a><\/span> <\/div>\n <\/div> \n \n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\n\t\t
\n\t\t\t\n\t\t\t

\n\t\t\t\tFixed Deposits\t\t\t \n\t\t\t<\/h1> \n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n \t\n
\n \t
\t\t\n\t \t\t\t\t\n\t\t\t\t\t <\/div>\n\t \t
\n \t\t \t\t

Based on needs of depositor following deposits schemes are available.<\/p>

  • Monthly interest payments \u2013 (Discounted Rate)<\/li>
  • Quarterly interest payments \u2013 (Simple Rate)<\/li>
  • Principle with interest on maturity \u2013 (Compounded quarterly interest)<\/li>
  • Monthly installment payment \u2013 Recurring Deposits<\/li>
  • Auto Renewal of Deposit<\/li>
  • Cash Certificate Deposit Scheme<\/li><\/ul> \n \t<\/div>\n \t <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
    \n\t\t\t\t\t\t
    \n\t\t\t\t\t
    \n\t\t\t
    \n\t\t\t\t\t\t
    \n\t\t\t\t
    \n\t\t\t\t\t\n \t\n
    \n \t
    \t\t\n\t

    <\/span>Required Documents<\/h4>\t\t\t\t\n\t\t\t\t\t <\/div>\n\t \t
    \n \t\t \t\t
    • Account opening form<\/li>
    • Photo (colour)<\/li>
    • ID Proof \u2013 PAN Card, Pass Port, Driving License, Voter ID Card, ID card issued by any Institute or any other document issued by Authorities.<\/li>
    • Address Proof - Pass Port, Driving License, Voter ID Card, Telephone Bill or any other document issued by Authorities.<\/li>
    • Introduction by existing satisfactory operated account holder<\/li>
    • Nomination Facility available<\/li>
    • Bank Deposits upto\u00a0Rs.5.00 lac<\/strong>\u00a0per individual insured with\u00a0DICGC.<\/strong><\/li>
    • In case of
      • Minor - Birth Certificate<\/li>
      • Partnership - Partnership Deed<\/li>
      • HUF - HUF Letter<\/li>
      • Company - AOA\u00a0 &\u00a0 MOA and Resolutions<\/li>
      • Society , Club, Trusts - By- laws and Resolutions<\/li><\/ul><\/li><\/ul> \n \t<\/div>\n \t <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
        \n\t\t\t\t
        \n\t\t\t\t\t\n \t\n
        \n \t
        \t\t\n\t (Interest rates - subject Change)<\/span>

        <\/span>Term Deposits Interest Rate Tables<\/h2>\t\t\t\t\n\t\t\t\t\t <\/div>\n\t <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
        \n\t\t\t\t
        \n\t\t\t\t\t\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n
        PERIOD<\/strong> <\/td>\r\n
        RATE OF INTEREST<\/strong><\/div><\/td>\r\n <\/tr>\r\n
        30 Days to 90 Days <\/td>\r\n
        4.75%<\/div><\/td>\r\n <\/tr>\r\n
        91 Days to 180 Days<\/td>\r\n
        5.50%<\/div><\/td>\r\n <\/tr>\r\n
        181 Days to 365 Days<\/td>\r\n
        7.00%<\/div><\/td>\r\n <\/tr>\r\n
        Above 1 year to 2 years<\/td>\r\n
        8.00%<\/div><\/td>\r\n <\/tr>\r\n
        444 Days (Special Scheme)<\/td>\r\n
        8.50%<\/div><\/td>\r\n <\/tr>\r\n
        Above 2 years to \r\n 3 years<\/td>\r\n
        8.75%<\/div><\/td>\r\n <\/tr>\r\n \r\n
        Above 3 Years to 5 Years<\/td>\r\n
        9.00%<\/div><\/td>\r\n <\/tr>\r\n
        Above 5 Years<\/td>\r\n
        7.50%<\/div><\/td>\r\n <\/tr>\r\n \r\n <\/tbody>\r\n<\/table>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
        \n\t\t\t\t
        \n\t\t\t\t\t\t\t\t\t
        • FOR SENIOR CITIZENS & REGISTERED LEGAL ENTITY WITH SPECIFIC OBJECTS OF CHARITABLE ACTIVITIES 0.5% EXTRA ON TABLE RATE<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
          \n\t\t\t
          \n\t\t\t\t\t\t
          \n\t\t\t\t\t\t
          \n\t\t\t\t\t
          \n\t\t\t
          \n\t\t\t\t\t\t
          \n\t\t\t\t
          \n\t\t\t\t\t\n \t\n
          \n \t
          \t\t\n\t

          <\/span>Deposits<\/h2>\t\t\t\t\n\t\t\t\t\t <\/div>\n\t <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
          \n\t\t\t\t
          \n\t\t\t\t\t\n\t\t