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Bank of Maharashtra

Fixed Deposit Rates

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

a) For domestic deposits - Less than Rs. 15 lakh (last revised on Feb 17, 2012)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

  
7 days to 14 days Less than Rs. 15 lakh

4.00

N.A

 Calculate
15 days to 60 days Less than Rs. 15 lakh

5.50

N.A

 Calculate
61 days to 64 days Less than Rs. 15 lakh

5.50

N.A

 Calculate
65 days Less than Rs. 15 lakh

5.50

N.A

 Calculate
66 days to 90 days Less than Rs. 15 lakh

5.50

N.A

 Calculate
91 days to 180 days Less than Rs. 15 lakh

7.00

7.50

 Calculate
181 days to less than 1year Less than Rs. 15 lakh

8.80

9.30

 Calculate
1 year Less than Rs. 15 lakh

9.30

9.80

 Calculate
Over 1 year to less than 3 years Less than Rs. 15 lakh

9.30

10.05

 Calculate
Over 3 years to 5 years Less than Rs. 15 lakh

9.00

9.75

 Calculate
3 years (Mahalaxmi Term Deposit) Less than Rs. 15 lakh

9.35

10.10

 Calculate
Above 5 years Less than Rs. 15 lakh

9.00

9.75

 Calculate

b) For domestic deposits - Rs. 1 cr to less than Rs. 5 cr (last revised on May 02, 2012)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

  
7 days to 14 days Rs. 1 cr to less than Rs. 5 cr

7.00

N.A

 Calculate
15 days to 60 days Rs. 1 cr to less than Rs. 5 cr

8.00

N.A

 Calculate
61 days to 64 days Rs. 1 cr to less than Rs. 5 cr

8.00

N.A

 Calculate
65 days Rs. 1 cr to less than Rs. 5 cr

8.00

N.A

 Calculate
66 days to 90 days Rs. 1 cr to less than Rs. 5 cr

8.00

N.A

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

8.00

N.A

 Calculate
181 days to less than 1year Rs. 1 cr to less than Rs. 5 cr

8.80

N.A

 Calculate
Over 1 year to less than 3 years Rs. 1 cr to less than Rs. 5 cr

9.00

N.A

 Calculate
1 year Rs. 1 cr to less than Rs. 5 cr

9.50

N.A

 Calculate
3 years (Mahalaxmi Term Deposit) Rs. 1 cr to less than Rs. 5 cr

9.00

N.A

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

8.75

N.A

 Calculate
Above 5 years Rs. 1 cr to less than Rs. 5 cr

8.50

N.A

 Calculate

c) For domestic deposits - Rs. 15 lakh to less than Rs. 1 cr (last revised on May 02, 2012)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

  
7 days to 14 days Rs. 15 lakh to less than Rs. 1 cr

4.00

N.A

 Calculate
15 days to 60 days Rs. 15 lakh to less than Rs. 1 cr

5.50

N.A

 Calculate
61 days to 64 days Rs. 15 lakh to less than Rs. 1 cr

5.50

N.A

 Calculate
65 days Rs. 15 lakh to less than Rs. 1 cr

5.50

N.A

 Calculate
66 days to 90 days Rs. 15 lakh to less than Rs. 1 cr

5.50

N.A

 Calculate
91 days to 180 days Rs. 15 lakh to less than Rs. 1 cr

7.00

7.50

 Calculate
181 days to less than 1year Rs. 15 lakh to less than Rs. 1 cr

8.80

9.30

 Calculate
Over 1 year to less than 3 years Rs. 15 lakh to less than Rs. 1 cr

9.30

10.05

 Calculate
1 year Rs. 15 lakh to less than Rs. 1 cr

9.30

9.80

 Calculate
3 years (Mahalaxmi Term Deposit) Rs. 15 lakh to less than Rs. 1 cr

9.35

10.10

 Calculate
Over 3 years to 5 years Rs. 15 lakh to less than Rs. 1 cr

9.00

9.75

 Calculate
Above 5 years Rs. 15 lakh to less than Rs. 1 cr

9.00

9.75

 Calculate

d) For domestic deposits - Rs. 5 cr and above (last revised on May 02, 2012)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

  
7 days to 14 days Rs. 5 cr and above

7.00

N.A

 Calculate
15 days to 60 days Rs. 5 cr and above

8.00

N.A

 Calculate
61 days to 64 days Rs. 5 cr and above

8.00

N.A

 Calculate
65 days Rs. 5 cr and above

8.00

N.A

 Calculate
66 days to 90 days Rs. 5 cr and above

8.00

N.A

 Calculate
91 days to 180 days Rs. 5 cr and above

8.00

N.A

 Calculate
181 days to less than 1year Rs. 5 cr and above

8.80

N.A

 Calculate
1 year Rs. 5 cr and above

9.25

N.A

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

9.00

N.A

 Calculate
Over 3 years to 5 years Rs. 5 cr and above

8.75

N.A

 Calculate
3 years (Mahalaxmi Term Deposit) Rs. 5 cr and above

9.00

N.A

 Calculate
Above 5 years Rs. 5 cr and above

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

9.50

 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. 15 lakh (last revised on Feb 17, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 15 lakh 4.00 Calculate
15 days to 60 days Less than Rs. 15 lakh 5.50 Calculate
61 days to 64 days Less than Rs. 15 lakh 5.50 Calculate
65 days Less than Rs. 15 lakh 5.50 Calculate
66 days to 90 days Less than Rs. 15 lakh 5.50 Calculate
91 days to 180 days Less than Rs. 15 lakh 7.00 Calculate
181 days to less than 1year Less than Rs. 15 lakh 8.80 Calculate
1 year Less than Rs. 15 lakh 9.30 Calculate
Over 1 year to less than 3 years Less than Rs. 15 lakh 9.30 Calculate
3 years (Mahalaxmi Term Deposit) Less than Rs. 15 lakh 9.35 Calculate
Over 3 years to 5 years Less than Rs. 15 lakh 9.00 Calculate
Above 5 years Less than Rs. 15 lakh 9.00 Calculate

b) For NRO Fixed Deposit - Rs. 1 cr to less than Rs. 5 cr (last revised on May 02, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 1 cr to less than Rs. 5 cr 7.00 Calculate
15 days to 60 days Rs. 1 cr to less than Rs. 5 cr 8.00 Calculate
61 days to 64 days Rs. 1 cr to less than Rs. 5 cr 8.00 Calculate
65 days Rs. 1 cr to less than Rs. 5 cr 8.00 Calculate
66 days to 90 days Rs. 1 cr to less than Rs. 5 cr 8.00 Calculate
91 days to 180 days Rs. 1 cr to less than Rs. 5 cr 8.00 Calculate
181 days to less than 1year Rs. 1 cr to less than Rs. 5 cr 8.80 Calculate
1 year Rs. 1 cr to less than Rs. 5 cr 9.50 Calculate
Over 1 year to less than 3 years Rs. 1 cr to less than Rs. 5 cr 9.00 Calculate
3 years (Mahalaxmi Term Deposit) Rs. 1 cr to less than Rs. 5 cr 9.00 Calculate
Over 3 years to 5 years Rs. 1 cr to less than Rs. 5 cr 8.75 Calculate
Above 5 years Rs. 1 cr to less than Rs. 5 cr 8.50 Calculate

c) For NRO Fixed Deposit - Rs. 15 lakh to less than Rs. 1 cr (last revised on May 02, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 15 lakh to less than Rs. 1 cr 4.00 Calculate
15 days to 60 days Rs. 15 lakh to less than Rs. 1 cr 5.50 Calculate
61 days to 64 days Rs. 15 lakh to less than Rs. 1 cr 5.50 Calculate
65 days Rs. 15 lakh to less than Rs. 1 cr 5.50 Calculate
66 days to 90 days Rs. 15 lakh to less than Rs. 1 cr 5.50 Calculate
91 days to 180 days Rs. 15 lakh to less than Rs. 1 cr 7.00 Calculate
181 days to less than 1year Rs. 15 lakh to less than Rs. 1 cr 8.80 Calculate
1 year Rs. 15 lakh to less than Rs. 1 cr 9.30 Calculate
Over 1 year to less than 3 years Rs. 15 lakh to less than Rs. 1 cr 9.30 Calculate
3 years (Mahalaxmi Term Deposit) Rs. 15 lakh to less than Rs. 1 cr 9.35 Calculate
Over 3 years to 5 years Rs. 15 lakh to less than Rs. 1 cr 9.00 Calculate
Above 5 years Rs. 15 lakh to less than Rs. 1 cr 9.00 Calculate

d) For NRO Fixed Deposit - Rs. 5 cr and above (last revised on May 02, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 5 cr and above 7.00 Calculate
15 days to 60 days Rs. 5 cr and above 8.00 Calculate
61 days to 64 days Rs. 5 cr and above 8.00 Calculate
65 days Rs. 5 cr and above 8.00 Calculate
66 days to 90 days Rs. 5 cr and above 8.00 Calculate
91 days to 180 days Rs. 5 cr and above 8.00 Calculate
181 days to less than 1year Rs. 5 cr and above 8.80 Calculate
1 year Rs. 5 cr and above 9.25 Calculate
Over 1 year to less than 3 years Rs. 5 cr and above 9.00 Calculate
3 years (Mahalaxmi Term Deposit) Rs. 5 cr and above 9.00 Calculate
Over 3 years to 5 years Rs. 5 cr and above 8.75 Calculate
Above 5 years Rs. 5 cr and above 8.50 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Jan 01, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to Less than 2 years Less than Rs. 1 cr 9.25 Calculate
2 years to Less than 3 years Less than Rs. 1 cr 9.25 Calculate
3 years to less than 5 years Less than Rs. 1 cr 9.00 Calculate
5 years to 10 years Less than Rs. 1 cr 9.00 Calculate

b) For NRE Fixed Deposit - Rs. 1 cr and Above (last revised on Jan 01, 2012)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to Less than 2 years Rs. 1 cr and Above 9.00 Calculate
2 years to Less than 3 years Rs. 1 cr and Above 8.75 Calculate
3 years to less than 5 years Rs. 1 cr and Above 8.75 Calculate
5 years to 10 years Rs. 1 cr and Above 8.50 Calculate
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1,044.02 0.11%

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