-
Home
-
Fixed Deposit Interest Rates
- Bank of Maharashtra FD Rates
Bank of Maharashtra
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.
| Bank of Maharashtra FD Rates in India | ||
|---|---|---|
| Tenure | General Public FD Rates | Senior Citizen FD Rates |
| 7 days to 45 days | 3.00% | 3.50% |
| 46 days to 90 days | 3.75% | 4.25% |
| 91 days to 180 days | 4.00% | 4.50% |
| 181 days to 270 days | 4.50% | 5.00% |
| 271 days to 364 days | 4.50% | 5.00% |
| 1 year | 5.25% | 5.75% |
| 1 year 1 day to 2 years | 5.25% | 5.75% |
| 2 years 1 day to 3 years | 5.25% | 5.75% |
| 3 years 1 day to 10 years | 5.25% | 5.75% |
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 |
Written By: PolicyBazaar - Updated: 31 July 2020
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
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 Today
Gold Rate In Metro Cities
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
Gold Rate In Other Cities
Gold Rate In Lucknow
Gold Rate In Madurai
Gold Rate In Patna
Gold Rate In Coimbatore
Silver Rate Today