Interest Rates
Domestic Term deposits FCNR Deposits Advances EMI Chart
 

NRE Deposits

 
Interest Rate on NRE Deposits
 
Duration For Amount less than Rs. 1.00 crore
(% per annum w.e.f. 16.01.2017)
For Amount Rs. 1 crore to Rs. 5 crore
(% per annum w.e.f. 01.12.2016)
1 year to less than 3 years
6.25 To be quoted by TIBD on day to day basis
3 years /Mahalaxmi Term Deposit 6.25
Over 3 years 6.00
 
*Mahanidhi/Mahalabh/Mahalaxmi are applicable below Rs. 1 crore only
** 444 days/Mahanidhi and 666 days/Mahalabh Schemes rates on repricing will be as per rates applicable to one year to less than 3 years bucket
*** Bank Term Deposits Scheme,2006 (5 years Tax Saving Scheme) is applicable upto Rs.1.5 Lakh only
 
  • No interest is payable if the deposit is prematurely closed before the minimum period of one year. 
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  • Above one year premature payment attracts penalty of 1%. 
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  • No additional interest to senior citizens is allowed.
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  • The interest rate for NRE Savings Deposits is 4.0 %.
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  • All rates are subject to change from time to time
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    IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

    Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.