Maharashtra Gramin Bank FD Rates
A fixed deposit (FD) is a financial instrument that enables you to receive assured returns at a fixed rate of interest. Maharashtra Gramin Bank offers fixed deposits ranging from 3.3% p.a. to 7.15% p.a.
The bank offers an additional interest rate of 0.50% to senior citizens on tenures of 91 days and above.
Features and Benefits of Maharashtra Gramin Bank Fixed Deposit
The fixed deposits offered by Maharashtra Gramin Bank come with the following features and benefits:
- Attractive interest rates that range from 3.75% p.a. to 7.15% p.a.
- Senior citizens get an additional interest rate of 0.50% p.a. on tenures of 91 days and above.
- Flexible tenures ranging from seven days to 10 years.
- The minimum deposit amount is Rs.100.
- Premature withdrawal facility is available.
- Facility to transfer a fixed deposit from one branch to another is available.
Maharashtra Gramin Bank Fixed Deposit Interest Rates
The interest rates on fixed deposits below Rs.1.75 crore offered by Maharashtra Gramin Bank are mentioned in the table below:
Tenure | General Public Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
7 Days to 1 Month 14 Days | 3.3% | 3.3% |
1 Month 15 Days to 2 Months 29 Days | 4.8% | 4.8% |
2 Months 30 Days to 5 Months 26 Days | 5% | 5.5% |
5 Months 27 Days to 11 Months 30 Days | 6% | 6.5% |
5 Months 27 Days to 7 Months 9 Days | 6.3% | 6.8% |
7 Months 10 Days | 7% | 7.5% |
7 Months 11 Days to 10 Months 28 Days | 6.3% | 6.8% |
10 Months 29 Days | 7.1% | 7.6% |
11 Months to 11 Months 30 Days | 6.3% | 6.8% |
1 Year to 1 year 2 Months 17 Days | 7% | 7.5% |
1 Year to 1 year 11 Months 30 Days | 6.9% | 7.4% |
1 Year 2 Months 18 Days to 1 Year 2 Months 18 Days | 7.3% | 7.8% |
1 Year 2 Months 19 Days to 1 Year 11 Months 30 Days | 7% | 7.5% |
2 Years to 9 Years 11 Months 29 Days | 6.5% | 7% |
2 Years to 2 Years 11 Months 29 Days | 6.8% | 7.3% |
2 Years 11 Months 30 Days | 6.9% | 7.4% |
3 Years to 4 Years 11 Months 29 Days | 6.5% | 7% |
4 Years 11 Months 30 Days | 6.9% | 7.4% |
5 years to 9 years 11 months 29 days | 6.5% | 7% |
Note: The interest rates mentioned in the table above can vary according to the bank's discretion. These rates are effective from 14 May 2025.
FAQs on Maharashtra Gramin Bank FD Rates
- What are the interest rates on the fixed deposits offered by Maharashtra Gramin Bank?
The interest rates on the fixed deposits offered by Maharashtra Gramin Bank range from 3.3% p.a. to 7.15% p.a. for the general public.
- Can I withdraw my fixed deposit before maturity?
Yes, you can withdraw your fixed deposit before maturity. However, you will have to pay a penalty of 1.00%.
- What is the minimum deposit amount to open a fixed deposit with Maharashtra Gramin Bank?
The minimum deposit amount to open a fixed deposit with Maharashtra Gramin Bank is Rs.100.
- Can senior citizens avail an additional interest rate on Maharashtra Gramin Bank fixed deposits?
Yes, senior citizens get an additional interest rate of 0.50% p.a. on tenures of 91 days and above.
- Does Maharashtra Gramin Bank offer a nomination facility on its fixed deposits?
Yes, Maharashtra Gramin Bank offers a nomination facility on its fixed deposits.
- Can I transfer my fixed deposit from one branch to another?
Yes, Maharashtra Gramin Bank offers the facility to transfer a fixed deposit from one branch to another.
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