- 9 March 2024
Bank of Maharashtra Raises FD Interest Rates by 1.25 Percent, Effective October 12
Bank of Maharashtra (BOM), a prominent public sector bank in India, has introduced significant revisions to its Fixed Deposit (FD) interest rates.
The bank has raised interest rates on select FDs by a substantial 1.25 percent. These new rates came into effect on October 12, offering attractive opportunities for depositors.
FD Interest Rates at a Glance
Here’s a comprehensive breakdown of the latest FD interest rates offered by Bank of Maharashtra:
7 days to 30 days: For the general public – 2.75 percent; For senior citizens – 2.75 percent
31 days to 45 days: For the general public – 3 percent; For senior citizens – 3 percent
46 days to 90 days: For the general public – 4.75 percent; For senior citizens – 4.75 percent
91 days to 119 days: For the general public – 4.90 percent; For senior citizens – 5.40 percent
120 days to 180 days: For the general public – 5.10 percent; For senior citizens – 5.60 percent
181 days to 270 days: For the general public – 5.50 percent; For senior citizens – 6.00 percent
271 days to 364 days: For the general public – 5.60 percent; For senior citizens – 6.10 percent
365 days or one year: For the general public – 6.50 percent; For senior citizens – 7 percent
1 year to less than 2 years: For the general public – 6.25 percent; For senior citizens – 6.75 percent
2 years to less than 3 years: For the general public – 6.25 percent; For senior citizens – 6.75 percent
3 years to less than 5 years: For the general public – 6.00 percent; For senior citizens – 6.50 percent
From 5 years to 10 years: For the general public – 6.00 percent; For senior citizens – 6.50 percent
Special FD Offers for Senior Citizens
Senior citizens can enjoy an exceptional interest rate of up to 7.50% on special FDs with durations of 200 and 400 days.
In contrast, regular customers can avail of a substantial 7 percent interest on these FDs.
These revised FD rates provide an attractive proposition for both general customers and senior citizens, empowering them to make informed choices for their savings and investments.
