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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 - above Rs. 5 cr (last revised on May 15, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days above Rs. 5 cr

7.00

N.A

Calculate
15 days to 30 days above Rs. 5 cr

7.50

N.A

Calculate
31 days to 45 days above Rs. 5 cr

7.50

N.A

Calculate
46 days to 90 days above Rs. 5 cr

7.50

N.A

Calculate
91 days to 119 days above Rs. 5 cr

8.00

N.A

Calculate
120 days to 180 days above Rs. 5 cr

8.00

N.A

Calculate
181 days to 363 days above Rs. 5 cr

8.50

N.A

Calculate
364 days above Rs. 5 cr

8.75

N.A

Calculate
1 years above Rs. 5 cr

8.75

N.A

Calculate
above 1 years to less than 3 years above Rs. 5 cr

8.75

N.A

Calculate
3 years Mahalaximi above Rs. 5 cr

8.75

N.A

Calculate
above 3 years to 10 years above Rs. 5 cr

8.75

N.A

Calculate

b) For domestic deposits - Less than Rs. 1 cr (last revised on May 15, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 cr

5.00

5.00

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

5.00

5.00

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

6.50

6.50

Calculate
91 days to 119 days Less than Rs. 1 cr

7.50

8.00

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

7.50

8.00

Calculate
181 days to 363 days Less than Rs. 1 cr

8.50

9.00

Calculate
364 days Less than Rs. 1 cr

8.50

9.00

Calculate
1 years Less than Rs. 1 cr

9.00

9.50

Calculate
above 1 years to less than 3 years Less than Rs. 1 cr

9.00

9.50

Calculate
Mahanidhi (444) Less than Rs. 1 cr

9.10

9.60

Calculate
3 years Mahalaximi Less than Rs. 1 cr

9.10

9.60

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

9.00

9.50

Calculate

c) For domestic deposits - Rs. 1 cr to 5 cr (last revised on May 15, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 1 cr to 5 cr

5.50

N.A

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

5.50

N.A

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

7.00

N.A

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

7.00

N.A

Calculate
91 days to 119 days Rs. 1 cr to 5 cr

7.75

N.A

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

7.75

N.A

Calculate
181 days to 363 days Rs. 1 cr to 5 cr

8.50

N.A

Calculate
364 days Rs. 1 cr to 5 cr

8.75

N.A

Calculate
1 years Rs. 1 cr to 5 cr

8.75

N.A

Calculate
above 1 years to less than 3 years Rs. 1 cr to 5 cr

8.75

N.A

Calculate
3 years Mahalaximi Rs. 1 cr to 5 cr

8.75

N.A

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

8.75

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 - above Rs. 5 cr (last revised on May 15, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days above Rs. 5 cr 7.00 Calculate
15 days to 30 days above Rs. 5 cr 7.50 Calculate
31 days to 45 days above Rs. 5 cr 7.50 Calculate
46 days to 90 days above Rs. 5 cr 7.50 Calculate
91 days to 119 days above Rs. 5 cr 8.00 Calculate
120 days to 180 days above Rs. 5 cr 8.00 Calculate
181 days to 363 days above Rs. 5 cr 8.50 Calculate
364 days above Rs. 5 cr 8.75 Calculate
1 years above Rs. 5 cr 8.75 Calculate
above 1 years to less than 3 years above Rs. 5 cr 8.75 Calculate
3 years Mahalaximi above Rs. 5 cr 8.75 Calculate
above 3 years to 10 years above Rs. 5 cr 8.75 Calculate

b) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on May 15, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 cr 5.00 Calculate
15 days to 30 days Less than Rs. 1 cr 5.00 Calculate
31 days to 45 days Less than Rs. 1 cr 6.50 Calculate
46 days to 90 days Less than Rs. 1 cr 6.50 Calculate
91 days to 119 days Less than Rs. 1 cr 7.50 Calculate
120 days to 180 days Less than Rs. 1 cr 7.50 Calculate
181 days to 363 days Less than Rs. 1 cr 8.50 Calculate
364 days Less than Rs. 1 cr 8.50 Calculate
1 years Less than Rs. 1 cr 9.00 Calculate
above 1 years to less than 3 years Less than Rs. 1 cr 9.00 Calculate
Mahanidhi (444) Less than Rs. 1 cr 9.10 Calculate
3 years Mahalaximi Less than Rs. 1 cr 9.10 Calculate
above 3 years to 10 years Less than Rs. 1 cr 9.00 Calculate

c) For NRO Fixed Deposit - Rs. 1 cr to 5 cr (last revised on May 15, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 1 cr to 5 cr 5.50 Calculate
15 days to 30 days Rs. 1 cr to 5 cr 5.50 Calculate
31 days to 45 days Rs. 1 cr to 5 cr 7.00 Calculate
46 days to 90 days Rs. 1 cr to 5 cr 7.00 Calculate
91 days to 119 days Rs. 1 cr to 5 cr 7.75 Calculate
120 days to 180 days Rs. 1 cr to 5 cr 7.75 Calculate
181 days to 363 days Rs. 1 cr to 5 cr 8.50 Calculate
364 days Rs. 1 cr to 5 cr 8.75 Calculate
1 years Rs. 1 cr to 5 cr 8.75 Calculate
above 1 years to less than 3 years Rs. 1 cr to 5 cr 8.75 Calculate
3 years Mahalaximi Rs. 1 cr to 5 cr 8.75 Calculate
above 3 years to 10 years Rs. 1 cr to 5 cr 8.75 Calculate

a) For NRE Fixed Deposit - Above Rs. 1 cr (last revised on May 15, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 years to Less than 3 years Above Rs. 1 cr 8.75 Calculate
444 days Above Rs. 1 cr 8.75 Calculate
3 years Above Rs. 1 cr 8.75 Calculate
3 years to less than 5 years Above Rs. 1 cr 8.75 Calculate
above 5 years Above Rs. 1 cr 8.75 Calculate

b) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on May 15, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 years to Less than 3 years Less than Rs. 1 cr 9.00 Calculate
444 days Less than Rs. 1 cr 9.10 Calculate
3 years Less than Rs. 1 cr 9.10 Calculate
3 years to less than 5 years Less than Rs. 1 cr 9.00 Calculate
above 5 years Less than Rs. 1 cr 9.00 Calculate