Bank of Maharashtra is a leading public sector bank in India, recognized for its dependable financial services. It provides fixed deposits with competitive interest rates, flexible payout options, and tenures ranging from 7 days to 10 years. Utilize the calculator to project your interest earnings and maturity values, simplifying your investment planning process.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 7 – 30 days | 2.75 | 2.75 |
| 31-45 days | 3.00 | 3.00 |
| 46-90 days | 4.75 | 4.75 |
| 91-119 days | 5.00 | 5.50 |
| 120-180 days | 5.25 | 5.75 |
| 181 – 270 days | 5.75 | 6.25 |
| 271 – 364 days | 5.75 | 6.25 |
| 200 days | 6.90 | 7.40 |
| 365 days/ One Year | 6.75 | 7.25 |
| 400 days | 7.10 | 7.60 |
| 666 days | 7.15 | 7.65 |
| 777 days | 7.25 | 7.75 |
| Above 1 year | 6.50 | 7.00 |
Data last updated on 01/09/2024. Check latest interest rates here.
Bank of Maharashtra Bank FD Calculator
Bank of Maharashtra FD FAQs
Do senior citizens get additional interest rates on Fixed Deposits?
Yes, resident Indian senior citizens get an additional 0.50% interest rate on deposits up to ₹5 crore for maturities of 91 days and above.
Are there special interest rates for bank staff and their families?
Yes, bank staff, retired staff, and their spouses receive an additional 1.00% interest rate on deposits up to ₹5 crore.
What happens if I withdraw my deposit prematurely?
For premature withdrawal, interest is paid at the rate applicable for the period the deposit was held, minus a 1.00% penalty.
What is the maximum tenure for term deposits?
Term deposits can be made for up to 10 years.
What are the conditions for NRE Deposits?
NRE deposits must be held for at least one year. If closed before one year, no interest is paid. Premature closure after one year attracts a 1% penalty on the applicable interest rate.