Interest rates on Domestic Deposit & NRO have been revised w.e.f. 18th June 2025 as under:

PERIOD	"General & Co- op. Societies (% p.a.)"	Senior Citizens (% p.a.)
7 days to 45 days	3.00	3.50
46 days to 179 days	4.40	4.90
180 days to 210 days	5.00	5.50
211 days to less than 1 year	5.00	5.50
1 Year to less than 2 year	6.15 / 6.40	6.65 / 6.90
2 Years to less than 3 year	6.35 / 6.60	6.85 / 7.10
3 Years to less than 5 years	6.20	6.70
5 Years and upto to 10 year	6.00	6.50
Tax Savings (5 years) subject to conditions of Tax Saving Scheme	6.20	6.50

*These interest rates are for “Non-Callable” term deposits of Rs.1 Crore and above (i.e. deposits which cannot be withdrawn before maturity) with 25 basis interest more than the normal rates for foregoing premature withdrawal option.

The interest rate payable to BMC Bank Staff will be 1.00% above the applicable rate for public. The rate applicable to all Resident Indian Senior Citizens will be 0.50% above the rate payable for all tenors. BMC Bank Ex-Staff who are Resident Indian Senior Citizens will get the benefit of 1% applicable to Staff and 0.50% applicable to Resident Indian Senior Citizens above the applicable rate for public. However, NRO/NRE Deposits of staff are not eligible for additional 1% interest otherwise applicable to staff domestic retail deposits.

The branch before issuing non-callable deposit, separate form / declaration to be obtained from the customers.

Deposits under Recurring Deposits scheme will be accepted for a period of 12 months and above upto 36 months

Note : PENALTY

• In case of payment before maturity, interest up to 30 days will be nil. Above 30 days @ 1% less than applicable rate of interest for the actual period for which deposit is kept with the Bank.
• Penal interest @1% will be charged on all deposits which are prematurely closed and reinvested regardless of the residual period of deposit.
• Term Deposit Receipt should be renewed within a period of 14 days from the date of maturity. In case the overdue period exceeds 14 days and if the depositor renews the entire amount of overdue deposit or part thereof as a fresh term deposit, the interest for the overdue period will be paid at the rate as applicable to savings deposits.
• Additional interest rate is not applicable on Recurring deposits for Senior Citizens.
• As per the existing practice, all permanent staff members, retired staff or staff retired under Early Severance Scheme of the Bank, either singly or jointly with any other members of his/her family or the spouse of a deceased staff or the spouse of deceased retired staff or the spouse of deceased staff retired under Early Severance Scheme is entitled to interest rates at a premium of 1% above the rates specified for general public provided the first name in the account is of the employee except in case of spouse of the deceased staff. Retired staff does not include those staff who have resigned or staff whose services have been terminated by the Bank.
• All permanent staff members, retired staff or staff retired under Early Severance Scheme of the Bank, either singly or jointly with any other members of his/her family or the spouse of a deceased staff or the spouse of deceased retired staff or the spouse of deceased staff retired under Early Severance Scheme would be entitled to interest rates at a premium of 1% above the rates specified for general public plus interest @ 0.50%p.a. (being offered to senior citizens ) for those who have attained the age of 60 years and above provided the first name in the account is of the employee except in case of spouse of the deceased staff. Retired staff does not include those staff who have resigned or staff whose services have been terminated by the Bank.
• Since the differential interest rate premium on senior citizen deeposits is high, it is necessary to ensure that valid age proof of the senior citizens is obtained while accepting deposits from senior citizens. He/She should be 60 years and above of age. Moreover, the senior citizen's name should appear as the first name in the respective account.

INTEREST RATES ON NON RESIDENT EXTERNAL (NRE) RUPEE TERM DEPOSITS :

Interest rates on Non-Resident External (NRE) Rupee Term Deposit have been revised w.e.f. 18th June, 2025 as under

Period	Rate of Interest (% ) p.a. for all categories
1 Year To less Than 2 Years	6.15
2 Year less than 3 Years	6.35
3 years less than 5 Years	6.20
For 5 Years	6.00

• No Interest will be paid if the deposit is withdrawn before 1 year.
• On Premature withdrawal of the deposit ( after completion of 1 year), Interest will be paid at applicable rate for the period the deposit has Actually remained with the bank on contracted rate less premature Penalty of 1% whichever is lower
• The revised rate of interest will come into effect from 13th March 2023
• Please make note of the above

INTEREST RATES ON FCNR( B) DEPOSIT SCHEME FOR THE MONTH JUNE 2025 WOULD BE AS FOLLOWS BASED ON LIBOR

FCNR(B) Deposits in US Dollar and EURO Currency-

MATURITY	RATE OF INTEREST
1 year	USD. 5.10%

Foreign Exchange Remittance facility available for all permitted purposes at any of following authorised branches