Deposit Interest Rate- The Mahendragarh Central Co-Operative Bank Ltd.

Sr. No.	Type of Deposits	Existing Rate of Interest w.e.f. 25-11-2022	Revised Rate of Interest w.e.f. 01-09-2023
1	Savings Deposit
	Savings Deposit	3.00%	3.00%
	PF Account	As per Govt.	As per Govt.
2	Fixed Deposit & Recurring Deposit
	15 days to 29 days	3.75%	3.75%
	30 days to 45 days	4.00%	4.00%
	46 days to 90 days	4.75%	4.75%
	91 days to 179 days	4.75%	4.90%
	180 days but less than 1 year	5.70%	5.80%
	1 year but less than 2 years	6.50%	7.20%
	2 years but less than 3 years	6.70%	7.20%
	3 years and above	6.15%	7.25%

Note:

a.	All rates are subject to revision from time to time.
b.	The rate of interest on term deposit of Senior Citizen will be 00.50% P.A higher than the above said rates.
c.	1% additional rate of interest on deposit of staff member/their association is allowed to be continued subject to the submission of undertaking/declaration.
d.	The revised rate of interest on term deposit will be applicable only on fresh deposit and on renewal of existing deposit on maturity on/or after 01-09-2023
e.	There will be charge penal interest @1%p.a on premature withdrawal on term deposit.