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Bank of Maharashtra

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Less than Rs. 1 cr (last revised on Sep 22, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 cr

6.50

6.50

Calculate
15 days to 30 days Less than Rs. 1 cr

6.50

6.50

Calculate
31 days to 45 days Less than Rs. 1 cr

6.50

6.50

Calculate
46 days to 90 days Less than Rs. 1 cr

7.50

7.50

Calculate
91 days to 180 days Less than Rs. 1 cr

8.00

9.00

Calculate
181 days to 269 days Less than Rs. 1 cr

8.50

9.00

Calculate
270 days to 364 days Less than Rs. 1 cr

8.50

9.50

Calculate
365 days Less than Rs. 1 cr

9.00

9.51

Calculate
Above 1 years to 443 days Less than Rs. 1 cr

9.00

9.50

Calculate
Mahanidhi (444 Days) Less than Rs. 1 cr

9.01

9.52

Calculate
445 Days to 665 days Less than Rs. 1 cr

9.00

9.50

Calculate
Maha Labh (666 Days) Less than Rs. 1 cr

9.02

9.50

Calculate
667 Days to less than 3 Years Less than Rs. 1 cr

9.00

9.50

Calculate
3 years Mahalaximi Less than Rs. 1 cr

9.00

9.40

Calculate
Above 3 years to 10 years Less than Rs. 1 cr

8.90

9.40

Calculate

b) For domestic deposits - Rs. 1 cr to 5 cr (last revised on Nov 18, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 1 cr to 5 cr

6.50

N.A

Calculate
15 days to 30 days Rs. 1 cr to 5 cr

6.50

N.A

Calculate
31 days to 45 days Rs. 1 cr to 5 cr

6.50

N.A

Calculate
46 days to 90 days Rs. 1 cr to 5 cr

7.50

N.A

Calculate
91 days to 180 days Rs. 1 cr to 5 cr

8.25

N.A

Calculate
181 days to 269 days Rs. 1 cr to 5 cr

8.25

N.A

Calculate
270 days to 364 days Rs. 1 cr to 5 cr

8.50

N.A

Calculate
365 days Rs. 1 cr to 5 cr

8.75

N.A

Calculate
Above 1 years to 443 days Rs. 1 cr to 5 cr

8.50

N.A

Calculate
Mahanidhi (444 Days) Rs. 1 cr to 5 cr

8.50

N.A

Calculate
445 Days to 665 days Rs. 1 cr to 5 cr

8.50

N.A

Calculate
Maha Labh (666 Days) Rs. 1 cr to 5 cr

8.50

N.A

Calculate
667 Days to less than 3 Years Rs. 1 cr to 5 cr

8.50

N.A

Calculate
3 years Mahalaximi Rs. 1 cr to 5 cr

8.50

N.A

Calculate
Above 3 years to 10 years Rs. 1 cr to 5 cr

8.50

N.A

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
Mahabank Tax Saving Scheme - 5 Years Upto Rs. 1 lakh

9.00

N.A

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Sep 22, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 cr 6.50 Calculate
15 days to 30 days Less than Rs. 1 cr 6.50 Calculate
31 days to 45 days Less than Rs. 1 cr 6.50 Calculate
46 days to 90 days Less than Rs. 1 cr 7.50 Calculate
91 days to 180 days Less than Rs. 1 cr 8.00 Calculate
181 days to 269 days Less than Rs. 1 cr 8.50 Calculate
270 days to 364 days Less than Rs. 1 cr 8.50 Calculate
365 days Less than Rs. 1 cr 9.00 Calculate
Above 1 years to 443 days Less than Rs. 1 cr 9.00 Calculate
Mahanidhi (444 Days) Less than Rs. 1 cr 9.01 Calculate
445 Days to 665 days Less than Rs. 1 cr 9.00 Calculate
Maha Labh (666 Days) Less than Rs. 1 cr 9.02 Calculate
667 Days to less than 3 Years Less than Rs. 1 cr 9.00 Calculate
3 years Mahalaximi Less than Rs. 1 cr 9.00 Calculate
Above 3 years to 10 years Less than Rs. 1 cr 8.90 Calculate

b) For NRO Fixed Deposit - Rs. 1 cr to 5 cr (last revised on Nov 18, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 1 cr to 5 cr 6.50 Calculate
15 days to 30 days Rs. 1 cr to 5 cr 6.50 Calculate
31 days to 45 days Rs. 1 cr to 5 cr 6.50 Calculate
46 days to 90 days Rs. 1 cr to 5 cr 7.50 Calculate
91 days to 180 days Rs. 1 cr to 5 cr 8.25 Calculate
181 days to 269 days Rs. 1 cr to 5 cr 8.25 Calculate
270 days to 364 days Rs. 1 cr to 5 cr 8.50 Calculate
365 days Rs. 1 cr to 5 cr 8.75 Calculate
Above 1 years to 443 days Rs. 1 cr to 5 cr 8.50 Calculate
Mahanidhi (444 Days) Rs. 1 cr to 5 cr 8.50 Calculate
445 Days to 665 days Rs. 1 cr to 5 cr 8.50 Calculate
Maha Labh (666 Days) Rs. 1 cr to 5 cr 8.50 Calculate
667 Days to less than 3 Years Rs. 1 cr to 5 cr 8.50 Calculate
3 years Mahalaximi Rs. 1 cr to 5 cr 8.50 Calculate
Above 3 years to 10 years Rs. 1 cr to 5 cr 8.50 Calculate

a) For NRE Fixed Deposit - Rs. 1 cr to 5 cr (last revised on Sep 22, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
365 days Rs. 1 cr to 5 cr 9.00 Calculate
Above 1 years to 443 days Rs. 1 cr to 5 cr 9.00 Calculate
Mahanidhi (444 Days) Rs. 1 cr to 5 cr 9.01 Calculate
445 Days to 665 days Rs. 1 cr to 5 cr 9.00 Calculate
Maha Labh (666 Days) Rs. 1 cr to 5 cr 9.02 Calculate
667 Days to less than 3 Years Rs. 1 cr to 5 cr 9.00 Calculate
3 years Mahalaximi Rs. 1 cr to 5 cr 9.00 Calculate
Above 3 years to 10 years Rs. 1 cr to 5 cr 8.90 Calculate
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