Nearly 440 branches of commercial banks and cooperative banks are functioning under this service area. Agriculture and allied activities get Rs 187.69 crore while non-farm and SSI sectors have been allocated Rs 13.90 crore. The commercial banks' share in the total credit plan is 21.8 per cent.

Meanwhile, Bank of Maharashtra has revised interest rates on deposits from April 1, 1999. The revised term deposit rates are 5 per cent for 15 to 29 days, 6 per cent for 30 to 45 days, 7 per cent for 46 to90 days, 8 per cent for 91 to 179 days and 9 per cent for 180 to 365 days. Up to two years the bank is offering 9.5 per cent and between two and three years the rate is 10 per cent. For over five years the rate is 11 per cent.

NRE deposits for six months to one year will attract interest rates of 9 per cent. For two and three years the rate is 10 and 10.5respectively while for over three years the interest rate is 11 per cent.