Bharatiya Mahila Bank has established itself as a pioneer when it comes to the economic empowerment of women, carving a niche position for itself. An award winning bank, this comparatively new entity has won the hearts of its customers, providing not only great products but also training and imparting valuable knowledge to women, enabling them to stand on their feet. Bharatiya Mahila Bank offers three FDs at extremely competitive and attractive interest rates, with unmatched features designed to simplify banking, while helping both the bank and customers grow together. Interest rates offered by Bharatiya Mahila Bank vary depending on the term of a particular fixed deposit, with different terms having different interest rates.
Fixed deposits with a tenure ranging from 7 days to 364 days are categorized as short-term fixed deposits. These FDs generally earn a lower rate of interest than long-term deposits, with rates ranging between 5% and 7.50% per annum. FDs with a term of 30, 60 and 90 days earn an interest of 5% per annum. FDs with a term of 120 days earn an interest of 7% per annum, while FDs with a term of 6 and 9 months earn an interest of 7.50% per annum.
Fixed Deposits which have a tenure of over 1 year are categorized as medium and long-term deposits. Bharatiya Mahila Bank offers a higher interest rate on long term deposits, with an interest of 7.90% per annum for deposits with a term period of 1 year. This rate drops to 7.75% per annum for deposits with a tenure of more than 1 year up-to 3 years. Deposits with a tenure of more than 3 years to 10 years earn interest rate at 7.50% per annum.
Bharatiya Mahila Bank offers special interest rates to senior citizens. Senior citizens with FDs with BMB are eligible for interest rates which are 50 base percentage points higher than the interest rates offered to others. This essentially means that FDs held by senior citizens earn an interest which is 0.50% higher than others. The interest is 5.50% per annum for term periods of 30, 60 and 90 days. Terms of 120 days earn interest of 7.50% per annum, while FDs for a tenure of 6 or 9 months get an interest of 8.00% per annum. FDs for more than 1 and 3 years earn interest at the rate of 8.25% per annum, while an FD for 3 to 10 years earns an interest of 8.50% per annum. FDs for 1 year earn the highest interest which stands at 8.40% per annum
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