What is the interest rate on FD in Bank of Maharashtra?
Bank of Maharashtra Fixed Deposit Rates 2021
| Bank of Maharashtra FD Rates in India | ||
|---|---|---|
| Tenure | General Public FD Rates | Senior Citizen FD Rates |
| 181 days to 270 days | 4.50% | 5.00% |
| 271 days to 364 days | 4.50% | 5.00% |
| 1 year | 5.25% | 5.75% |
What is the monthly interest on 1 lakh FD?
The monthly interest for 1 lakh fixed deposit is Rs….Monthly Interest for Senior Citizens:
| Investment amount | Monthly interest for Senior Citizens | Commutative interest for 5 years |
|---|---|---|
| 1 lakh | Rs. 546 | Rs. 38,624 |
| 5 lakh | Rs.2,729 | Rs. 1,931,122 |
| 10 lakh | Rs.5458 | Rs.3,86,243 |
| 15 lakh | Rs. 8,187 | Rs.5.79,365 |
What is RD rate of Bank of Maharashtra?
Bank of Maharashtra offers the Recurring Deposit (RD) scheme at attractive interest rates with a tenure ranging between 6 months and 120 months….Bank of Maharashtra Recurring Deposit Interest Rates 2021.
| 181 days to 270 days | 4.75% p.a. |
|---|---|
| 1 year to less than 2 years | 5.50% p.a. |
| 2 years to less than 3 years | 5.50% p.a. |
| 3 years to less than 5 years | 5.65% p.a. |
Can I do Fd online in Bank of Maharashtra?
The application process for Bank of Maharashtra Fixed Deposits (FDs) is hassle-free and can be done in a matter of minutes online. Bank of Maharashtra also offers customers mobile banking facilities and time deposits can also be opened through mobile banking.
Which bank is giving highest interest on FD?
Axis Bank offers the highest FD interest rate of 5.75% p.a. which is for a tenure of 5 years and above for the general public. For senior citizens, the interest rate is up to 6.50%. The second highest interest rate is 5.50% p.a. which is offered by ICICI Bank and HDFC Bank for a tenure of 5 years and above.
What is the interest rate for saving account in Bank of Maharashtra?
Interest Rates on Savings Bank Deposits With effect from 08th June 2020 :
| Sr No | Particular | Rate of Interest |
|---|---|---|
| 1 | Saving Deposits | 2.75 % p.a |
What is the rate of interest on Recurring Deposit in post office?
The interest rate on post office recurring deposits is revised regularly every year. For the current financial year, the post office RD interest rate is 5.8% per annum which is compounded quarterly. ₹ 1 for every ₹100.
What is RD interest rate in SBI?
6.50% SBI RD interest rates are higher than its saving account. Interest on SBI RDs is compounded quarterly. Upon maturity, the investor will receive the investment amount and interest. The highest interest rate for SBI RD is 5.7% (6.5%) for a tenure of 5 years to 10 years.
Is Maharashtra Bank safe?
Investing in a fixed deposits with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option. Thus, Bank of Maharashtra term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
What is the minimum amount for FD in Bank of Maharashtra?
INR 1,000
The minimum investment in Bank of Maharashtra FD is INR 1,000. In a tax saving FD, the minimum investment is INR 100. However, there is no limit on the maximum amount of investment in Bank of Maharashtra FD except for the tax-saving FD, which is INR 1.5 lakhs.
What are the FD rates in bank of Maharashtra?
These schemes required the investor to park a significant portion of funds within the bank for an interest income and high returns upon maturity. Bank of Maharashtra provides Fixed Deposits for interest rates between the range of 2.75% p.a. and 4.90% p.a. Bank of Maharashtra FD rates for senior citizen range between 4.00% to 5.40% p.a.
How is fixed deposit calculator of bank of Maharashtra used?
The fixed deposit calculator of Bank of Maharashtra is used as a calculative tool to arrive at the end value of the fixed deposit scheme. The calculators provide precise maturity value on entering the initial deposited amount, the term of the deposit and interest rate.
Which is the highest interest rate in bank of Maharashtra?
*The Bank of Maharashtra Fixed Deposit interest rates tend to change at the discretion of the bank. The rates given here are valid as of 1 June 2020. Highest BOM short-term Deposit rate: 4.50% p.a.
What is the rate of interest on fixed deposit?
The rate of interest given on a fixed deposit alters according to the amount collected, time and the issuing bank.