Admin panel
Product

 

 
 
Deposits Card Rates
 
Interest Rates on Deposits effective September 19, 2012 (p.a.)
Platinum Deposits : (Fixed Rates only)
Period Monthly Income Plan Quarterly Option Half-Yearly Option Annual Income Plan Cumulative
Option
15 Months 9.05% 9.10% 9.20% - 9.40%
33 Months 9.05% 9.10% 9.20% 9.40% 9.40%
Regular Deposits (Fixed & Variable Rates)
Period Monthly Income Plan Quarterly Option Half-Yearly Option Annual Income Plan Cumulative
Option
12-23 months 8.55% 8.60% 8.70% - 8.90%
24-35 months 8.70% 8.75% 8.85% 9.05% 9.05%
36-47 months 8.80% 8.85% 8.95% 9.15% 9.15%
48-60 months 8.55% 8.60% 8.70% 8.90% 8.90%
   
 
Systematic Savings Plan (SSP)
Variable Rate Installment Deposit Plan
Period of Deposit ROI (p.a.)
24 - 35 Months 8.75%
36 -60 Months 9.00%
   
 
a) Senior Citizens (60 years+) will be eligible for an additional 0.25% p.a. (Other than SSP)
b) The above rates are applicable for deposits of below Rs. 1 crore.
c) For Cumulative Interest option & SSP, interest is compounded annually on March 31st.
   
arrow Interest rates are subject to change and the rate applicable will be the rate prevalent on the date of deposit.

 

 ********************************************************************************************************************

 

                                                     

Deposits Card Rates

In these times of uncertain returns, fixed deposits have become the most recommended banking instruments for financial savings. MMFSLs new Fixed Deposit scheme assures you of highly competitive interest rates with this low-risk investment. 

  •  

    The MMFSL Fixed deposit is given the Crisil rating FAAA which indicates a high level of safety
  •  

    Cumulative as well as non cumulative options are available as per the convenience of the depositor
  •  

    Senior Citizens will get an additional rate of 0.25% per annum
Non Cumulative Scheme:
Period
(Months)
Interest p.a.*#
(Half Yearly)
Interest p.a.*# 
(Quarterly)
12 9.00% 8.90%
24 9.75% 9.65%
36 10.00% 9.90%
48, 60 9.50% 9.40%
Minimum
Amount
Rs. 25,000 Rs. 50,000
Cumulative Scheme:
Minimum
Amount
Period
(Months)
Amount 
Payable(Rs.)
Interest *
p.a.
Effective 
Yield p. a.**
Rs. 10,000@ 12 10,925 9.25% 9.25%
18 11,510 9.75% 10.07%
24 12,100 10.00% 10.50%
36 13,401 10.25% 11.34%
48 14,508 9.75% 11.27%
60 15,923 9.75% 11.85%

 


Fixed Deposits Products