Domestic Term Deposits / NRO Term Deposits
Interest Rate on Domestic Term Deposits/Bulk Term Deposit/ NRO Term Deposits
(% per annum w.e.f. 31.08.2024)
Amount | Less than Rs. 3 Cr | Rs. 3 Cr. To Rs. 10 Cr. | Above Rs. 10 Cr to Rs. 100 Cr | Above Rs. 100 Cr to Rs. 400 Cr | Above Rs. 400 Cr |
Special Schemes | |||||
200 days | 6.90 | 6.90 | |||
400 days | 7.10 | 7.10 | |||
666 days | 7.15 | 7.15 | |||
777 days | 7.25 | 7.25 | |||
Regular Schemes | |||||
7 - 30 days | 2.75 | 2.75 | 2.65 | 2.65 | 2.65 |
31-45 days | 3.00 | 3.00 | 3.50 | 3.50 | 3.50 |
46-90 days | 4.75 | 4.75 | 5.00 | 5.00 | 5.00 |
91-119 days | 5.00 | 5.25 | 6.25 | 6.25 | 6.25 |
120-180 days | 5.25 | 6.00 | 6.50 | 6.50 | 6.50 |
181 - 270 days | 5.75 | 6.25 | 7.00 | 7.00 | 7.00 |
271 - 364 days | 5.75 | 6.25 | 7.00 | 7.25 | 7.25 |
365 days/ One Year | 6.75 | 7.00 | 7.70 | 7.86 | 7.86 |
Above 1 year to 2 years | 6.50 | 6.25 | 7.55 | 7.60 | 7.60 |
Above 2 years to 3 years | 6.50 | 6.00 | -- | -- | -- |
Above 3 years to 5 years | 6.50 | 6.00 | -- | -- | -- |
Above 5 years | 6.50 | 5.75 | -- | -- | -- |
Calculate the maturity amount and interest earned for RD/FD. Also find the Monthly installment Based on your maturity value with our Calculators
*Auto rollover facility will not be available for above mentioned Special Schemes
#Bank Term Deposits Scheme, 2006 (5 years Tax Saving Scheme) is applicable upto Rs. 1.5 Lakh only
- The revised rates are applicable for both fresh deposits and renewal of existing deposits.
- Resident Indian Senior Citizens will be offered an additional rate of 0.50% p.a. only for all maturity slabs of 91 days and above for deposits uptoRs. 5 crore only. The additional interest is not applicable to any type of non-resident deposits.
- A member or a retired member or the spouse of a deceased member or spouse of a deceased retired member of the Bank’s staff will be offered an additional interest rate of 1.00% only upto an amount of Rs. 5.00 crore only
- In case of premature withdrawal of deposits, interest is payable at the rate applicable to the period for which deposit has been actually held with the Bank.
- The interest rate shall be 1.00% below the applicable rate for the actual period for which the deposit has remained with the bank as prevailing on the date of deposit and payable for the period for which the deposit actually remained with the Bank.
- Deposits to be accepted for a maximum period of 10 years.
- Branch should take prior approval before accepting bulk term deposit above Rs. 10.00 Crore.
- Interest rates offered on Recurring Term Deposits will be same as the interest rates applicable to Term Deposits.
- Penal interest on premature withdrawal of term deposits shall be as per the deposit policy in vogue.
- NRE deposits will be accepted for a minimum period of One Year. No interest is payable if the deposit is prematurely closed before the minimum period of one year in case of NRE Deposits. Premature payment of NRE term deposits after one year attracts penalty of 1% on the applicable interest rate.
- All rates are subject to change from time to time.
To Know More about Products visit - https://bankofmaharashtra.in/term-deposits
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