Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
  • loading

    Mahabank Sheetal Jama Yojana  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 6.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Mahabank Sheetal Jama Yojana is Rated as "Excellent!" by 10 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Mahabank Sheetal Jama Yojana is a scheme offered by Bank of Maharashtra combining the best features of a current account and small term deposits.

    Eligibility Criteria to apply for Mahabank Sheetal Jama Yojana

    People who can apply for a Mahabank Sheetal Jama Yojana must either be individuals, corporate bodies, trusts, firms, public sector undertakings associates, etc. The account can be opened either singly or jointly based on the preferences of the applicant.

    Features of Mahabank Sheetal Jama Yojana

    Account Type

    Joint or single

    Amount

    The minimum amount of money that can be deposited into this account is Rs.5000. All deposits must be made in multiples of Rs.1000 and there is no maximum limit on the amount that can be put into this account.

    Rate of Interest

    Interest is calculated on a half-yearly basis and is subject to change from time to time at the discretion of the bank.

    Period

    The minimum period for deposits under this scheme is 15 days and the maximum period is five years.

    Loan against Mahabank Sheetal Jama Yojana Scheme

    Up to 90% of the accrued amount.

    Automatic renewals

    On maturity

    Nomination facility

    Yes

    Frequently Asked Questions on BOM Sheetal Jama Yojana

    1. What are the documents required to apply for Mahabank Sheetal Jama Yojana?

      Customers who wish to deposit money into their Mahabank Sheetal Jama Yojana accounts will receive a passbook after they have submitted the account opening form to the bank after due introduction.

    2. Can I close the account prematurely?

      Yes, customers are allowed to close their accounts prematurely.

    3. Can I transfer the account from one branch to another?

      Yes, customers are allowed to transfer the account from one branch to another in case they are moving from their current residence to a new location.

    4. What is the maximum amount of loan I can take out against this scheme?

      The bank offers a loan of up to 90% of the amount accrued on the Mahabank Sheetal Jama Yojana.

    5. How does the withdrawal process work?

      Customers are allowed to withdraw freely in multiples of Rs.1000 after filling in and submitting the special slips provided by the bank. The funds that remain unwithdrawn continue to earn interest at a contracted rate, and the method applied for withdrawals is LIFO (Last In, First Out)

    Useful Information on BOM Fixed Deposit

     Loading your search... Loading your search...
  • Mahabank Sheetal Jama Yojana Reviews

    • Bank of Maharashtra Fixed Deposit
      "Dream FD"
      0.5 4.5/5 "Excellent!"
      am using online services for Fixed deposit. I withdraw the interest monthly which gives me better Rate of interest than Standard 4%. The Best part is you can make Fixed Deposit in Multiples of 1000(Thousands),with minimum amount of Rs.1000. In other banks minimum Amount is 10,000. and helpd you to earn around 8-9% which is double than your normal ROI.
      Was this review helpful? 10
      , pune
      Reviewed on Dec 10, 2015
    • Bank of Maharashtra Fixed Deposit
      "Fixed Deposit"
      0.5 4.0/5 "Great!"
      I am using online services for Fixed deposit. I withdraw the interest monthly which gives me better Rate of interest than Standard 4%. The Best part is you can make Fixed Deposit in Multiples of 1000(Thousands),with minimum amount of Rs.1000. In other banks minimum Amount is 10,000. and helpd you to earn around 8-9% which is double than your normal ROI.
      Was this review helpful? 5
      , pune
      Reviewed on Jul 19, 2015
    • Bank of Maharashtra Fixed Deposit
      "Its good "
      0.5 4.0/5 "Great!"
      I am holding a Fixed deposit with Bank of Maharastha. They have done a very good job. It was closed after maturity and the same was used for my daughters marriage. I am holding this for the past 5 years and it is a tax saver FD. Interest rate offered by them was medium which is 9% and they have provided the FD certificate also.
      Was this review helpful? 4
      , pune
      Reviewed on Apr 27, 2015
    • Bank of Maharashtra Fixed Deposit
      "Fixed Deposit Description"
      0.5 2.5/5 "Just OK"
      The FD types in Bank of Maharashtra is very difficult to understand. I was trying to figure out if there is an option to create a Tax Saver FD online, but when I checked the FD types, and the names of FD, it was very confusing. Ultimately I need to google each FD types to understand what that means. The FD types should be made simpler like that of SBI and ICICI.
      Was this review helpful? 9
      , nagpur
      Reviewed on Mar 30, 2015
    • Bank of Maharashtra Fixed Deposit
      "Very good interest rate provided"
      0.5 5.0/5 "Blown Away!"
      I had opened up the fixed deposit with Bank of Maharashtra before a year. Its a very good interest rate provided and its competitive too. The relationship with this bank is too good and they are customer friendly. Customer service as well as on line services is too great.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 02, 2014
    • Bank of Maharashtra Fixed Deposit
      "Fixed deposit"
      0.5 4.5/5 "Excellent!"
      Bank of Maharashtra's Fixed Deposit offers interest rate @9% approx. I did it for one year and the sum is Rs.50000. I applied it with my net banking online. It is a nice product for long term accumulation. You can deposit sum on a monthly basis. My overall experience was quite good.
      Was this review helpful? 2
      , new delhi
      Reviewed on Nov 29, 2014
    • Bank of Maharashtra Fixed Deposit
      "Its good"
      0.5 4.0/5 "Great!"
      Maharashtra bank Fixed Deposit is good their rate of interest is low when compared with other banks, it was opened as a joint account with my wife and the prime reason why I opened this account is because I was planning for a housing loan and that is why.
      Was this review helpful? 10
      , pune
      Reviewed on Aug 22, 2014
    • Bank of Maharashtra Fixed Deposit
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      It was a good experience of holding a fixed deposit with Bank of Maharashtra. I have closed the FD an year ago. There was no documentation required for creating the FD because I was holding a savings account with them. They do have online facility however I didn't avail the service. Customer service and response are too good and I genuinely having a very good experience. Bank executives are very pro-active. Rate of interest was 8.5%.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 29, 2014
    • Bank of Maharashtra Fixed Deposit
      "Can provide options"
      0.5 4.0/5 "Great!"
      I am holding an FD account with Bank of Maharashtra and I went to their Branch personally and I applied for that it was for 5 years and its great and I am happy with the interest rates and through on line I check all the FD details it will be really good if they provide the options for the change of amount or tenure online
      Was this review helpful? 2
      , pune
      Reviewed on Jul 10, 2014
    • Bank of Maharashtra Fixed Deposit
      "Average"
      0.5 3.0/5 "Satisfactory"
      Couple of months ago I started my first fixed deposit with bank of Maharashtra. I am a salary account holder for a while. It was quite easy to start a fixed deposit as there are no documents required. Rate of interest is good compared to other banks. Customer service is fine but not good as other private banks. I would suggest the bank to introduce online services.
      Was this review helpful? 12
      , mumbai
      Reviewed on Jun 19, 2014
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.