o;? Bank of Maharashtra
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. 13.08.2018)
365 Days / 1 year 6.50
Over 1 Year to 2 Years 6.50
Over 2 Years to 3 Years 6.60
Above 3 Years 6.50
*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. 
  • Above one year premature payment attracts penalty of 1%. 
  • No additional interest to senior citizens is allowed.
  • The interest rate for NRE Savings Deposits is 4.0 %.
  • All rates are subject to change from time to time
    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.