o;? Bank of Maharashtra
Interest Rates
Domestic Term deposits FCNR Deposits Advances EMI Chart

FCNR Deposits

Interest Rates on fresh FCNR(B) & RFC Deposits for the month of August 2019 shall be as under :
Period Rates for USD Rates for GBP Rates for EURO Rates for AUD Rates for CAD
12-15-18-21 months 2.54 0.93 0.09 1.19 2.35
24-27-30-33 months 2.36 0.93 0.07 1.11 2.07
36-39-42-45 months 2.30 0.92 0.10 1.12 2.03
48-51-54-57 months 2.52 1.19 0.00 1.49 2.27
60 months 2.53 1.21 0.00 1.55 2.27

Please note that any Single FCNR(B) deposit in EUR, AUD, CAD will be for a minimum amount of 5000/- in the respective currencies and in GBP for a minimum of GBP 2000/-.
Branches should seek prior approval from Treasury & International Banking Division, Mumbai before accepting fresh FCNR (B) deposits denominated in GBP, EUR for a period of 2 years and above and before accepting any deposit in AUD, CAD. These deposits would be accepted by Bank subject to having sizeable ticket size and deployment opportunity. Before giving commitment to depositor, branches should seek approval from TIBD.

Deposits are to be accepted for a minimum period of 12 months and thereafter in multiples of quarters only.

Please note that in case of SGD acceptance of fresh deposits /Renewal of existing FCNR (B) is discontinued till further instructions (Please refer our circular no AX2/TIBD/FCNR/2018-19/Cir 53 dated 10th September 2018)

Interest Rates on USD RFC deposits w.e.f. 1st August 2019 shall be as under :
12-15-18-21 months 24-27-30-33 months 36-39-42-45 months 48-51-54-57 months 60 months
2.54 2.36 2.30 2.52 2.53
Division Branch/City
International Division
22816079 / 22873884
Fex Centre
Connaught Place Br., Delhi
23730449 / 23321444 / 23322078
Fex Centre
N. S. Road, Kolkata
22486971 / 22484837
Fex Centre
City Market Br., Bangalore
26604567 / 6700318
Fex Centre
Broadway, Chennai
For Further Details Contact :
Gen Manager
Treasury & International Banking Division, Mumbai
email  : bomitnl@vsnl.com
Phone : 91-22-22816079 / 22873884
Fax     : 91-22-22044799
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.