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Fixed Deposit Rate of Bank Of Maharashtra

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 6.50% 7.00%
1 year 1 day to 3 years 6.25% 6.75%
3 years 1 day to 10 years 6.00% 6.50%

Fixed Deposit Calculator

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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

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