Pune: Bank of Maharashtra has increased its Deposits Interest Rate upto 125 bps w.e.f. 12.10.2023. The rate increase applies to fixed deposits as well as special schemes as per period maintained with us.
The boost to deposit rates will encourage individuals and business to save more as there is a sharp increase of 125 bps in deposit rates for the tenure of 46-90 days. For tenure of 1 Year interest would be 6.50% and for deposits above 1 year, customers will enjoy an increase of 25 bps, upto 6.25%. The Senior Citizens shall enjoy an additional benefit of 50 bps in interest rate with an attractive deposit rate of upto 7.50% under 200/400 days’ special scheme.
Bank of Maharashtra’s move to raise the deposit rates is in alignment with its mission to offer competitive products to its customers. The bank’s attractive interest rates make it a compelling option for both short-term and long term savers fostering trust and loyalty among them.
For more detailed information about the revised Deposit rates and comprehensive range of financial services provided by Bank of Maharashtra, please visit https://bankofmaharashtra.in/