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Below are interest rates for Mahalakshmi Cooperative Bank Fixed Deposit account:
Deposit Interest Rates
| Deposits | General | Sr.Citizen/Institutions |
| 15 days to 45 days | 4.00% | 4.50% |
| 46 days to 90 days | 4.50% | 5.00% |
| 91 days upto 180 days | 6.50% | 7.00% |
| 181 days to upto 364 days | 7.00% | 7.50% |
| 1 year and above upto 2 years | 8.45% | 8.85% |
| Above 2 years | 8.80% | 9.60% |
| S. B | 3.50% | 3.50% |
| JND: | ||
| For 2 years and above | 4.00% | 4.00% |
OTHER TERMS AND CONDITIONS:
1) No withdrawal will be allowed before 6 months of opening of JND A/c.
2) Loan on J N D – 10%
3) Penalty interest of 1% will be levied in case of premature withdrawal of deposit
4) For Institutional loan on deposit: Deposit Rate of Int+1%.
| Rs. 10 lakh and above | |
| FD for 450 Days | 8.50% |
| FD for 450 Days | 8.90% |
Loan Interest Rates
| Loans and Advances: | Percentage |
| Jewel Loan (1 year repayment term) | 12.00 % |
| Express Jewel Loan (6 months repayment term) | 12.50% |
| Vehicles Loans Non Commercial | 13.00 % |
| Vehicles Loans Commercial | 13.50 % |
| Vehicles Loans 2nd Hand | 14.50% |
| Housing Loan New Construction | 10.50 % |
| Housing Loan Old (Repair & Renovation) | 13.50 % |
Mortgage Loans/ Hypothecation of Machinery and Boats and Activities allied to Agriculture
| a) Upto Rs.5.00 lakhs | 14.00 % |
| b) Rs.5.00 lakhs above upto Rs.10.00 lakhs | 14.50 % |
| c) Rs.10.00 lakhs above | 14.00 % |
| Personal Loans | 16.50% |
| Cash Credit/ Overdraft | 14.00 % |
| LIC/ NSC | 15.00 % |
| Loan on term deposits | 2 % over and above the deposit rate |
| Loan on J N D – | 10.00% |
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