Bank of Maharashtra increases interest rate on Term Deposits

Bank of Maharashtra has revised Interest Rates on Term Deposits w.e.f September 11, 2012. The interest rate on Maha Nidhi Scheme (444 days) for amount less than Rs.15 lakh has been increased for senior citizens from 9.85% to 10.05%. For others the interest rate has been increased from 9.10% to 9.30%.

Under "Maha Double" deposit scheme, for senior citizens the deposits will be doubled in 87 months and for others the deposits will be doubled in 94 months.

The Bank of Maharashtra stock was trading at Rs.43.65, down by Rs.0.10 or 0.23%. The stock hit an intraday high of Rs.44.50 and low of Rs.43.35.

The total traded quantity was 0.16 lakhs compared to 2 week average of 0.13 lakhs.

Source : Equity Bulls

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