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Deposits

If you believe in long-term investments and wish to earn higher interests on your savings, NOW is the time to invest your money in our Fixed Deposit. Get upto 8.75% on Mehsana Urban Bank Fixed Deposit with an additional 0.50% for Senior Citizens.

Flexibility, Security and High Returns all bundled into one offering. Check out the rates and book an FD TODAY!!

Features & Benefits

Potential to earn compound interest by reinvesting the principal amount along with the interest earned during the period.

Flexibility in altering period of deposit of renewal deposit, maturity and payment instructions, principal amount and rollover mode before maturity of the rollover deposit.

Higher rate of interest on Fixed Deposits for Senior Citizens.

Quterly Interest Payment on Deposit also available.

In 2006, it was announced for the first time that Bank fixed deposits booked by an Individual/HUF for 5 years & upto Rs. 1,00,000/- will be allowed exemption under Sec 80C of the Income Tax Act,1961 subject to necessary declarations taken from the Customer.

Features & Benefits

Minimum Amount: Rs.100.00

Multiples of Rs.100.00

Maximum Amount: Rs. 1 lac (in a FY)

Tenure - 5 years (lock in period).

Rate of Interest 8.75% p.a, Senior Citizen rate 9.25%

Quarterly interest pay-out option is available.

No Partial/Premature withdrawal allowed.

No OD or pledge allowed.

In the case of joint holder deposit, the deduction from income under section 80C of the Act shall be available only to the first holder of the deposit.

A small investment is all it takes in an uncertain environment and continued volatility in the markets to be prepared for the future - your child's needs or even that dream holiday.

Invest an amount every month in Mehsana Urban Bank Recurring deposits so as to meet your financial needs.

Features & Benefits

An Investment as small as Rs.50 (and in multiples of Rs.50 thereafter) or as large as per your wish.

A minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.

For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits.

TDS is not applicable on the Interest earned by Recurring Deposits as per current income tax rules.

Grace Days Facility is 5 days. If the installment is paid within 5 days of the installment due date, the customer will not be charged any penalty.