Bank of Maharashtra FD Rates, May 2019
| Tenure | Interest Rates for Regular Deposit | Interest Rates for Senior Citizen |
|---|---|---|
| 7 days to 45 days | 4.25% | 4.25% |
| 46 days to 90 days | 5.25% | 5.25% |
| 91 days to 364 days | 6.00% | 6.50% |
| 1 year to 2 years | 6.50% | 7.00% |
| 2 years 1 day to 3 years | 6.60% | 7.10% |
| 3 years 1 day to 10 years | 6.50% | 7.00% |
Bank of Maharashtra Fixed Deposit Calculator
Calculate Your final figure
Investment
Interest Rate
Interest Earned
Maturity Value
Bank of Maharashtra FD Interest Rates
A Fixed Deposit scheme is a very winning financial tool amongst the standard population of India as it is a reliable and secure investment that allows a greater interest rate than a conventional account. It is supposed to be a little risk form of maintenance. The rewards are also comparatively small when associated with spending in the stock business, for instance, only the interests are independent of volatilization and fluctuation.
FD in Bank of Maharashtra
The rate of interest given on a fixed deposit alters according to the amount collected, time and the issuing bank. The basic rule of thumb is, the extended the period of deposit, the greater the interest rate, though a bank can also provide a lower rate of interest for extra significant ownership if the FD interest rates are assumed to fall in the future. Bank of Maharashtra FD Rates lies between 4% and 8% yearly.
Key highlights of Bank of Maharashtra Fixed Deposit Interest Rates:
- Interest rates on FD by Bank of Maharashtra are as high as 7.00% yearly.
- Interest paid on savings with Bank of Maharashtra is compounded every three months.
- Bank of Maharashtra starts accepting deposits from at Rs. 1000 for different tenures.
- For senior citizens of age above 60 years, the Bank provides greater FD rate of interests
Bank of Maharashtra Fixed Deposit Rates
It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.
For Domestic Deposits - Less than Rs. 1 cr (As on Jan 16, 2017)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) | |
| General | Senior Citizen | ||
| 7 days to 45 days | Less than Rs. 1 cr | 4.25 | 4.25 |
| 46 days to 90 days | Less than Rs. 1 cr | 5.25 | 5.25 |
| 91 days to 364 days | Less than Rs. 1 cr | 6 | 6.5 |
| 365 Days | Less than Rs. 1 cr | 6.5 | 7 |
| 1 year to less than 3 years | Less than Rs. 1 cr | 6.25 | 6.75 |
| 3 years Mahalaximi | Less than Rs. 1 cr | 6.25 | 6.75 |
| Over 3 years | Less than Rs. 1 cr | 6 | 6.5 |
Tax Saver FD (Max Deposit - 1 LPA)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) | |
| General | Senior Citizen | ||
| Mahabank Tax Saving Scheme - 5 Years | Upto Rs. 1 lakh | 6 | 6.5 |
Tax Implications
- The amount invested in Fixed Deposit with a tenure of 5 years with Bank of Maharashtra is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
- The applicable tax will be deducted at source, i.e. Bank of Maharashtra, in case the annual interest earned crosses Rs. 10,000.
For NRO Fixed Deposit - Less than Rs. 1 cr (As on Jan 16, 2017)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) |
| 7 days to 45 days | Less than Rs. 1 cr | 4.25 |
| 46 days to 90 days | Less than Rs. 1 cr | 5.25 |
| 91 days to 364 days | Less than Rs. 1 cr | 6 |
| 1 year to less than 3 years | Less than Rs. 1 cr | 6.25 |
| 365 Days | Less than Rs. 1 cr | 6.5 |
| 3 years Mahalaximi | Less than Rs. 1 cr | 6.25 |
| Over 3 years | Less than Rs. 1 cr | 6 |
For NRE Fixed Deposit - Less than Rs. 1 cr (As on Jan 16, 2017)
| MATURITY PERIOD | DEPOSIT AMOUNT | INTEREST RATE (% p.a.) |
| 1 year to less than 3 years | Less than Rs. 1 cr | 6.25 |
| 3 years Mahalaximi | Less than Rs. 1 cr | 6.25 |
| Over 3 years | Less than Rs. 1 cr | 6 |
Compare with other Bank
- Allahabad Bank FD Rates
- Andhra Bank FD Rates
- Axis Bank FD Rates
- Bandhan Bank FD Rates
- Bank of Baroda FD Rates
- Bank of India FD Rates
- Canara Bank FD Rates
- Central Bank of India FD Rates
- Citi Bank FD Rates
- Corporation Bank FD Rates
- Dena Bank FD Rates
- HDFC Bank FD Rates
- ICICI Bank FD Rates
- IDBI Bank FD Rates
- IDFC Bank FD Rates
- Indian Bank FD Rates
- Indian Overseas Bank FD Rates
- IndusInd Bank FD Rates
- Karnataka Bank FD Rates
- Kotak Mahindra Bank FD Rates
- Punjab National Bank FD Rates
- RBL Bank FD Rates
- State Bank of Hyderabad FD Rates
- SBI FD Rates
- State Bank of Mysore FD Rates
- State Bank of Travancore FD Rates
- Syndicate Bank FD Rates
- UCO Bank FD Rates
- Union Bank of India FD Rates
- Vijaya Bank FD Rates
- Yes Bank FD Rates
- Here is Everything You Need to Know about FD Interest Rates Calculator
- Which Bank has the Highest Interest Rate for Fixed Deposit?
- Benefits of Fixed Deposits offered by Various Banks in India
- Online SBI Fixed Deposit Rates Calculator
- Which Bank Is Best For Fixed Deposit 2018
- SBI IFSC Code
- Bank of Baroda IFSC Code
- AXIS Bank IFSC Code
- ICICI Bank IFSC Code
- Indian Bank IFSC Code
- Canara Bank IFSC Code
- Bank of India IFSC Code
- HDFC Bank IFSC Code
- Andhra Bank IFSC Code
- Central Bank of India IFSC Code
- Allahabad Bank IFSC Code
- Punjab National Bank IFSC Code
- Syndicate Bank IFSC Code
- Bank of Maharashtra IFSC Code
- Citi Bank IFSC Code
- Gold Rate In Delhi
- Gold Rate In Bangalore
- Gold Rate In Chennai
- Gold Rate In Mumbai
- Gold Rate In Kolkata
- Gold Rate In Hyderabad
- Gold Rate In Pune
- Gold Rate In Ahmedabad
- Gold Rate In Gurgaon
