IMPORTANT

Requirement to furnish PAN.
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In terms of Section 206AA of Income tax Act, 1961, introduced by Finance (No. 2) Act, 2009, w.e.f. 1st April, 2010, it will be mandatory for every person including a non-resident, entitled to receive any sum or income or amount, on which TDS is deductible, to furnish his/her PAN to the Bank, failing which TDS will be deducted at the rate of 20% or rate applicable, whichever is higher.

Declaration in 15G/15H for non deduction of TDS shall be treated invalid if PAN is not quoted in the said forms and Bank shall proceed with deduction of TDS at higher rate as mentioned above.

Please visit nearest branch of Mahesh Bank to furnish photocopy of your PAN, if not submitted earlier.

MAHESH BANK

The A.P. Mahesh Co-operative Urban Bank Ltd.

(Multi-State Scheduled Bank)

Your Trust is our Reward

DEPOSIT SCHEMES

Mahesh - Lakhpati Yojana

Under this scheme the depositor shall deposit every month a specified amount for a specified period in order to receive minimum of Rs. 1.00 lac on the date of maturity.
The following table provides the details of amounts to be deposited every month, interest rate and maturity period under the two categories viz., general and Senior citizens.

PERIOD	GENERAL			SENIOR CITIZENS
In Months	Interest Rate %	Deposit every month (Rs.)	Maturity Value Rs.	Interest Rate %	Deposit every month (Rs.)	Maturity Value Rs.
15	7.50	6343	100013	8.00	6322	100013
24	7.50	3853	100006	8.00	3833	100009
36	8.00	2453	100013	8.50	2434	100020
39	8.25	2232	100032	8.75	2213	100029
48	8.25	1756	100023	8.75	1738	100047
60	8.25	1345	100006	8.75	1328	100064
72	7.50	1099	100018	8.00	1082	100063

Mahesh Tax Saver Fixed Deposit & Mahesh Tax Saver Multiplier Deposit Scheme

Scheme regulated as per Section 80C of the I.T. Act 1961.

Mahesh Multiplier Deposit Scheme (M.M.D.)

A Scheme with interest on interest(Cumulative interest) for higher rate of returns.

Fixed Deposits

Deposits are accepted from 30 days to 10 years. Interest will be paid at regular intervals (monthly/ quaterly/ half-yearly ) according to your choice.

Mahesh Automatic Renewal Scheme (MARS)

Deposit automatically renewed for every 30 days without submitting deposit receipt.
(Good returns for short term deposits).

Recurring Deposit (R.D)

Small regular savings that grow into a lumpsum amount.

Mahesh cash Certificates (M.C.C.)

A small deposit today growing into lumpsum on maturity.

Mahesh Mangal Nidhi (M.M.N)

A combination of Recurring Deposit and Mahesh Cash Certificate.