Bank of Maharashtra FD Interest Rates

Bank of Maharashtra offers quite good interest rates especially for one year and above. It is almost same ranging from 9 to slightly above 9 for 1 to 10 years. There are a few schemes under which the deposited amount gets doubled.

The tenure for doubling of the amount is just 92 months. There are better interest rates for senior citizens and amount gets doubles a few months early in their case i.e. 87 months. The schemes keep changing and so does the interest rates. There are some other offers like Mahalakshmi‘ and ‘444‘ days.

Read: Canara Bank Fixed deposit interest rates

One should be wise enough to choose the best for oneself. Fixed deposits are any wise investor’s first choice but among so many banks and their yet so many schemes prevailing in the market, it takes a lot to decide which bank and its scheme is good to go with. Bank of Maharashtra has all those things which can attract investors.

Bank of Maharashtra fd interest rates

Full Table for Bank of Maharashtra Fixed deposits:

For Deposits Below 1 CroreFor Deposits Above 1 Crore
7 – 14 Days6.006.50
15 – 30 Days6.006.50
31 – 45 Days6.006.50
46 – 60 Days7.257.50
61 – 90 Days7.257.50
91 Days – 180 Days7.75-8.008.00
181 Days – 270 days8.258.00
271 Days – 1 year8.408.25
1 Year – 2 Years8.758.25
2 Years – 3 Years8.758.25
3 Years – 5 Years8.758.25
5 Years – 10 Years8.758.25

From Table, For Fixed deposits of higher period and higher amount interest rates will be higher. So Bank of Maharashtra is good place for investors to get higher interest rates.

Also Check: Bank of Baroda Fixed deposit interest rates

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