• Bank of Maharashtra NRI Fixed Deposits

    Bank of Maharashtra both offers Non-Resident Indians a convenient array of fixed deposit options ranging from Non-Resident Ordinary (NRO) to Non-Resident External (NRE) and Foreign Currency Non Resident (FCNR) schemes. All of these provide competitive interest rates to NRIs.

    Key Bank of Maharashtra NRI FD rates

    • Maximum NRE Deposit rate: 5.40% p.a. for less than Rs.2 crore
    • Maximum NRO Term Deposit rate: 5.40% p.a. for less than Rs.2 crore
    • Maximum FCNR (B) FD rate:
      • US Dollar (USD): 0.01% p.a.
      • Pound Sterling (GBP): 0.01% p.a.
      • Euro (EUR): 0.01% p.a.
      • Canadian Dollar (CAD): 0.01% p.a.
      • Australian Dollar (AUD): 0.01% p.a.
      • Japanese Yen (JPY): 0.01% p.a.

    Bank of Maharashtra NRI Fixed Deposit Interest Rates

    The interest rates offered by the bank for its various NRI FD schemes are given below:

    Bank of Maharashtra NRO FD Deposit Interest Rates: Up to Rs.7.5 Crore

    The NRO FD interest rates are as given below:

    Deposit Tenure Less than Rs.2 Crore Rs.2 crore to Rs.5 crore Rs.5 crore to Rs.100 crore
    7 days to 45 days 2.75% 2.75% 2.75%
    46 days to 90 days 3.25% 2.75% 2.75%
    91 days to 119 days 3.50% 2.75% 2.75%
    120 days to 180 days 3.75% 2.75% 2.75%
    181 to 270 days 4.00% 2.75% 2.75%
    271 to 364 days 4.25% 2.75% 2.75%
    One year 4.90% 2.75% 2.75%
    Over one year to 5 years and above 4.90% 3.00% 3.00%

    *The NRO fixed deposit rates can vary according to the bank's discretion. These rates are effective from 1 April 2021.

    Bank of Maharashtra NRO FD Deposit Interest Rates: Up to Rs.2 Crore

    The NRO fixed deposit interest rates are as given below:

    Deposit Tenure Interest Rate
    Deposit Tenure Interest Rate
    365 days 4.90%
    Over 1 year to less than 2 years 4.90%
    Over 2 years to less than 3 years 4.90%
    Over 3 years to less than 5 years 4.90%
    Over 5 years 4.90%

    *The NRO fixed deposit rates can vary according to the bank's discretion. These rates are effective from 1 April 2021.

    Bank of Maharashtra FCNR (B) Deposit Interest Rates

    The FCNR (B) deposit interest rates are as given below:

    Period USD GBP EUR AUD CAD
    12 months–15 months–18 months–21 months 0.73 0.38 0.00 0.38 0.87
    24 months-27 months-30 months-33 months 0.80 0.54 0.01 0.44 0.88
    36 months-39 months-42 months-45 months 1.02 0.68 0.06 0.61 1.18
    48 months-51 months-54 months-57 months 1.53 1.07 0.00 1.16 1.71
    60 months 1.78 1.19 0.00 1.42 1.93

    *The Bank of Maharashtra FCNR (B) FD rates can vary according to the bank's discretion. These interest rates are effective from 1 April 2021.

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