Bank of Maharashtra FD Interest Rates

Bank of Maharashtra FD schemes are reliable for their stable returns as they do not get affected by market fluctuations. This article explores different aspects of FD schemes offered by the Bank of Maharashtra.

About Bank of Maharashtra Fixed Deposit Interest Rate Calculator

Bank of Maharashtra Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

• The amount that is invested

• The Rate of Interest offered

• The tenure of the Fixed Deposit Account

• The compounding period, that is, yearly, half-yearly, quarterly, or monthly

• The FD Amount

Once entered the following details, an investor will come to know:

• The maturity value of the FD

• The total interest earned during the complete tenure

Bank FD Interest Rates

Bank FD Calculator

NRI-NRE FD Rates

Allahabad Bank FD Interest Rates

Andhra Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

Axis Bank FD Rates

Bajaj Finance FD Interest Rates

Bandhan Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of India FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Canara Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Central Bank of India FD Interest Rates

Citibank FD Interest Rates

City Union Bank FD Interest Rates

Corporation Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

DBS Bank FD Interest Rates

Dena Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

HDFC Bank FD Interest Rates

HSBC FD Interest Rates

ICICI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDFC First Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

IndusInd Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Muthoot Capital

Nainital Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

PNB FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

RBL Bank FD Rates

Saurashtra Gramin Bank FD Interest Rates

SBI FD Interest Rates

Shriram Finance FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Travancore FD Interest Rates

Syndicate Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

UCO Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Union Bank of India FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Yes Bank FD Interest Rates

Expand

Allahabad Bank FD Calculator

Andhra Bank FD Calculator

AU Bank FD Calculator

Axis Bank FD Calculator

Bajaj Finance FD Calculator

Bandhan Bank FD Calculator

Bank of Baroda FD Calculator

Bank of India FD Calculator

Bank of Maharashtra FD Calculator

Canara Bank FD Calculator

Central Bank FD Calculator

Corporation Bank FD Calculator

Equitas Small Finance Bank FD Calculator

HDFC Bank FD Calculator

ICICI Bank FD Calculator

IDBI Bank FD Calculator

IDFC Bank FD Calculator

Indian Bank FD Calculator

Indian Overseas Bank FD Calculator

IndusInd Bank FD Calculator

Karnataka Bank FD Calculator

Karur Vysya Bank FD Calculator

Kotak Bank FD Calculator

Mahindra Finance FD Calculator

OBC Bank FD Calculator

Odisha Gramya Bank FD Calculator

PNB Bank FD Calculator

SBI FD Calculator

Shriram Finance FD Calculator

Syndicate Bank FD Calculator

Tripura Gramin Bank FD Calculator

UCO Bank FD Calculator

Union Bank FD Calculator

Yes Bank FD Calculator

Expand

HDFC NRE FD Rates

Maybank Malaysia FD Rates

SBI NRI FD Rates

Axis NRI FD Rates

Maybank Singapore FD Rates

Yes Bank NRI FD Rates

Key Highlights of Bank of Maharashtra FD Scheme

The rate of interest for fixed deposit changes according to the amount deposited and chosen policy tenure. The thumb rule is that the more the tenure of FD, the better the interest rates. Although any bank can offer a lower rate of interest in case the FD interest rates are assumed to fall in the future.

Key highlights:

• An FD scheme by the Bank of Maharashtra attracts a 6% yearly interest rate.

• Interest paid on savings with the Bank of Maharashtra is compounded every three months.

• The Bank of Maharashtra accepts deposit amounts starting from Rs 100 for different tenures.

• For senior citizens, the bank provides a higher FD rate of interest.

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.

Bank of Maharashtra FD interest rates for a principal amount of 2 to 5 crores (w.e.f. January 8, 2021) – Domestic and NRO Term Deposits

Bank of Maharashtra FD interest rates for a principal amount of 5 to 100 crores (w.e.f. January 8, 2021) – Domestic and NRO Term Deposits

Points to Note

• Resident Indian senior citizens receive an additional 0.50% interest rate for domestic term deposits of 91 days’ maturity and above 2 crores.

• Bank members (including retired) and their spouses get an additional 1% interest rate for up to Rs 2 crore deposits.

• Penalty is applicable for premature withdrawals.

• Deposits are only accepted for up to 10 years of period.

• Prior approval is required for deposits of above Rs 5 crores.

For NRE Fixed Deposit - Less than Rs 2 crores (w.e.f. 8 January 2021)

Note: Bulk term deposit scheme (5-year tax saving scheme) is only applicable for amounts up to Rs 1.5 lakh.

Points to Note

• All interest rates are subject to periodical changes.

• Premature withdrawals attract a penalty.

• No additional interest rate is offered to senior citizens.

• The interest rate for NRE Savings deposits is up to 2.75%.

• No interest is payable if premature withdrawal is made within one year of policy inception.

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 the source, i.e. Bank of Maharashtra, in case the annual interest earned crosses Rs. 10,000.