Bank of Maharashtra revises interest rates on retail fixed deposits (FD)
Bank of Maharashtra (BoM), a public sector lender, has revised its interest rates on retail fixed deposits under ₹2 crores. According to the bank’s official website, the new rates went into effect on November 9. Following the review, the bank currently offers an interest rate on deposits with maturities between 7 days and more than 5 years, which ranges from 2.75% to 5.75%. The Bank of Maharashtra will now grant a maximum interest rate of 6.30% on 400 days of Maha Dhanvarsha deposits.