This bank is giving 7% interest on FD for 200 days, know how much you will earn

Bank of Maharashtra (BoM) on Tuesday cut interest rates on fixed deposits of less than Rs 2 crore (Fixed Deposit Interest Rates) announced an increase in According to the official website of the bank, the new rates are effective from January 16, 2023. After the change, the bank is now offering an interest rate of 2.75% to 5.75% on the deposit amount for the next 7 days to 5 years. The bank is now offering a maximum interest rate of 7 per cent on FDs of 200 days.

Bank of Maharashtra FD Rates

1. The bank will continue to offer an interest rate of 2.75 per cent on FDs of 7 to 30 days.
2. 3 percent interest rate will be given on FD of 31 to 45 days.
3. The bank will continue to pay 3.50 per cent interest rate on FDs of 46 to 90 days.
4. The bank has increased the interest rate of FDs from 91 to 119 to 4.50 percent.
5. 4.75 percent interest will now be available on FDs of 120 to 180 days.
6. 5.25 percent interest will now be given on FDs of 181 to 270 days.
7. The bank will continue to pay 5.50 per cent interest on FDs of 271 days to 364 days.
8. The bank will continue to pay 6.15 per cent interest on FDs of one year from 365 days.
9. The bank has increased the interest rate on FDs from one year to three years to 6 percent.
10. The interest rate on FDs of three years to more than five years has been reduced to 5.75 percent.

7% interest will be given on 200 days FD

The bank has introduced a new tenure of 200 days, on which the bank is promising a maximum interest rate of 7 per cent, and on the 400-day Maha Dhanvarsha scheme, the bank is now offering an interest rate of 6.75 per cent on deposits up to Rs 10 crore. is being given. For all maturity buckets of 91 days and above, an additional rate of 0.50% p.a. will be provided for FDs up to Rs 2 crore for resident Indian senior citizens.