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Interest Rates on Savings Bank Deposits With effect from 08th June 2020 : Sr No. Particular. Rate of Interest. 1. Saving Deposits. 2.75 % p.a. Unlock attractive savings rates at Bank of Maharashtra. Open your account today for competitive interest rates on savings deposits.
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To know in how many years Bank of Maharashtra Bank FD will double, we can follow the 72 rule. We have to divide 72 by the interest rate, and the result will be the number of years Bank of Maharashtra Bank FD will double. The current highest Bank of Maharashtra FD interest rate is 6.5% so investors will double the investment in 11.08 years.
- The highest Bank of Maharashtra FD rates for general citizens is 7% p.a. and 7.5% p.a. for senior citizens.
- The highest interest rate on Bank of Maharashtra 1 year FD scheme is 7% p.a.
- 6% p.a is the interest rate for 5 years on Bank of Maharashtra FD scheme.
- The minimum investment in Bank of Maharashtra FD is INR 1,000. However, there is no limit on the maximum amount of investment in Bank of Maharashtr...
- The senior citizen fixed deposit interest rates in Bank of Maharashtra range between 2.75% to 7.5% p.a. for an available minimum and maximum invest...
- Bank of Maharashtra FD tenure ranges from 7 days to 9 years 11 months 28 days
- The interest from the Bank of Maharashtra FD calculator for 10 lakh deposit for 1 year will be INR 72,290. The maturity value will be INR 10,72,290...
- You can check Bank of Maharashtra FD balance either online or offline mode. For online mode, log in to the Bank of Maharashtra internet banking por...
- There is no restriction on the number of FDs you can open with Bank of Maharashtra.
- Maha Saraswati Scheme
- Monthly Interest Deposit Scheme
- Quarterly Interest Deposit Scheme
- Bank Term Deposit Scheme
- Non-Resident External (NRE) Account
- Non-Resident Ordinary (NRO) Account
- Foreign Currency (Non-Resident) Account (Banks) Scheme – FCNR (B) Deposits
- Non-Resident Ordinary (RFC) Account
Minimum deposit amount: Rs 50 in Rural and Semi-Urban; Rs 100 in Urban and MetroTenure: 3 years – 10 yearsDepositors can claim a “Free Accident Insurance Cover” of Rs 50,000 till the maturity of the deposit, subject to regular payment of installments. The insurance can be claimed only in case of perman...The depositors of this scheme are offered education loan interest rate concessions of up to 0.50% for Below Poverty Line (BPL) beneficiaries having Mahasaraswati A/c and up to 0.25% for other Maha...Interest will be deposited monthlyMinimum deposit amount: Rs 1,000Tenure: 1 year to 10 yearsDepositors can avail of loans of up to 90% of the deposit amountInterest will be deposited quarterlyMinimum deposit amount: Rs 1,000Tenure:1 year – 10 yearsNomination facility is availableDeposit amount: Minimum- Rs 100; Maximum- Rs 1.5 lakhs in a financial yearTenure: 5 yearsPremature withdrawal is not allowedThe account can be transferred to one branch from another the bankThe principal, as well as interest earned, are fully repatriableNomination facility is availablePower of attorney can be accessed by a local person allowing them to make local transactions or make investments etc.Eligibility: Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs)The amount in this account is not repatriable except in the following cases:Eligibility: Non-Resident Indians (NRIs) & Overseas Corporate Bodies (OCB)This FD scheme can be opened in the following currencies: US Dollar (USD), Pound Sterling (GBP), Euro, Australian Dollar (AUD) and Canadian Dollar (CAD)Tenure: 1 year – 3 yearsThe principal, as well as interest earned, is fully repatriableThis scheme is offered to individuals of Indian origin or nationality who have returned to India for permanent settlement after being resident outside India for a minimum continuous period of 1 yearThis FD scheme can be opened in the following currencies: US Dollar (USD), Pound Sterling (GBP), Euro, Australian Dollar (AUD) and Canadian Dollar (CAD)Nomination facility is availableThe highest interest rate for Bank of Maharashtra fixed deposits of below Rs.2 crore for the general public is 4.90% p.a. Senior citizens get an additional interest rate of 0.50% p.a. so the highest interest rate for them is 5.40% p.a.
Feb 16, 2023 · The bank is now giving an interest rate of 4.75% on fixed deposits that mature in 120 to 180 days, and Bank of Maharashtra is now offering an interest rate of 5.25% on deposits that mature in 181 ...
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