FD– Bank of Maharashtra is included in the list of famous public sector banks. It offers many services to customers. Which also includes fixed deposits. There has been a change in the interest of FD. The bank has announced a reduction in interest rates for some tenures. New rates have also become effective for both fresh and existing fixed deposits. Investors can take advantage of this. However, now the returns are lower than before.
The government bank is still offering 0.50% additional interest to senior citizens. Customers can invest money in tenures ranging from 7 days to 10 years. Interest rates always keep changing. So, know the interest rate before investing. After the amendment, customers are getting at least 2.75% return on regular FDs of less than Rs 3 crore. The maximum interest rate is 6.50%.
You will get the highest interest on FD of this many days
Bank of Maharashtra is offering 6.50% interest on its three different tenures. This list includes FDs of 365 days, more than one year to 2 years and more than 2 years to 3 years. The maximum interest rate for senior citizens is 7%. The second number is FD of more than 3 years to 5 years. General citizens are getting 6.25% interest on this and senior citizens are getting 6.75% interest. The bank is offering 6.10% return to general citizens on a tenure of 5 years. It is giving 6.60% return to people of 60 years and above. The bank is offering less than 6% interest on all other tenures. 5.25% interest can be availed on 119 days fixed deposit. General citizens are getting 4.45% interest on 90 days deposit.
Interest rate according to tenure
7 to 30 days – 2.75%
31 to 45 days – 3%
46 to 90 days – 4.45%
91 to 119 days – 4.75%
120 to 180 days – 5%
181 days to 270 days – 5.25%
271 days to 364 days – 5.50%
365 days or 1 year – 6.50%
Above 1 year and upto 2 years- 6.50%
Above 2 years and upto 3 years- 6.50%
Above 3 years and upto 5 years- 6.25%
Above 5 years- 6.10%.