Bank of Maharashtra RD Interest Rates | Bank of Maharashtra Recurring Deposit Calculator

To calculate the Recurring Deposit Maturity amount use the Online Bank of Maharashtra RD calculator. The Maharashtra bank RD calculator on our site helps you to calculate the RD maturity amount and the number of Instalments. You will get complete details of the Maharashtra Bank (BOM) like the Bank of Maharashtra RD interest rates, Bank of Maharashtra RD schemes, How to open RD account in the Bank of Maharashtra, etc.. on this page.

Bank of Maharashtra RD Calculator

If you are planning to open a Recurring Deposit account in Bank of Maharastra, you definitely need an RD calculator of Maharashtra bank. The RD calculator is a tool which is used for the RD calculations and it is not the same for all banks. Not only the Recurring Deposit Calculator of Maharashtra bank but it is also necessary to know the Bank of Maharashtra RD rates. So, we have provided the New RD interest rates of Bank of Maharashtra below. Check those rates before you use the RD calculator Bank of Maharashtra. Follow the below steps to use the bank of Maharashtra recurring deposit calculator.

Bank of Maharashtra Recurring Deposit Calculator

  1. To get the Bank of Maharashtra RD calculator, click on the link below.
  2. Then the RD calculator opens.
  3. Now, you have to enter the following details.
    • Instalments.
    • Duration.
    • Interest rate.
    • Compounding (Quarterly/ Monthly/ Annually/ Half Yearly).
  4. Click on “calculate”.
  5. Now, the RD maturity amount is displayed on the Bank of Maharashtra RD calculator.
  6. If you want to check for other Interest rates the click on “clear”.
  7. Now you can repeat the same process.

BOM Recurring Deposit Calculator

RD Instalment Calculator Bank of Maharashtra

  1. Click on the link below to open the RD calculator.
  2. Now, the Maharashtra bank RD calculator opens.
  3. Then, you have to enter the following details on the Bank of Maharashtra RD calculator.
    • Maturity Amount.
    • Duration.
    • Interest rates.
    • Compounding.
  4. Click on “calculate”.
  5. The total RD instalments are calculated within seconds by the Bank of Maharashtra RD calculator.

Maharashtra Bank RD calculator 

Bank of Maharashtra RD calculator

New Bank of Maharashtra RD Interest Rates – General

Bank of Maharashtra Interest Rates On RD – March 2017
Maturity Period Maharashtra Bank rates on RD ( % per annum)
6 Months – 364 Days 6.50%
1 year – 2 years 364 Days 6.75%
3 years 6.80%
3 Years 1 Day – 10 Years 6.50%

Bank of Maharashtra Recurring Deposit Interest Rates – Senior Citizens

BOM Recurring Deposit Interest Rates 
Maturity Period  BOM RD rateS for Senior Citizens ( % per annum)
6 Months – 364 Days 7.00%
1 year – 2 years 364 Days 7.25%
3 years 7.30%
3 Years 1 Day – 10 Years 7.00%

Maha Millionaire RD Scheme (MMRD) Interest Rates

Bank of Maharashtra RD Rate of Interest 
Maturity Years Senior Citizens Others
1 Years 10.05 % 9.30 %
2 Years 10.05 % 9.30 %
3 Years 10.10 % 9.35 %
4 Years 9.75 % 9.00 %
5 Years 9.75 % 9.00 %
6 Years 9.75 % 9.00 %
7 Years 9.75 % 9.00 %
8 Years 9.75% 9.00 %
9 Years 9.75 % 9.00 %
10 Years 9.75 % 9.00 %

Maha Lakhpati Recurring Deposit Scheme Interest Rates (MLRD)

BOM RD Rate of Interest 
Maturity Years Senior Citizens Others
1 Years 10.05 % 9.30 %
2 Years 10.05 % 9.30 %
3 Years 10.10 % 9.35 %
4 Years 9.75 % 9.00 %
5 Years 9.75 % 9.00 %
6 Years 9.75 % 9.00 %
7 Years 9.75 % 9.00 %
8 Years 9.75% 9.00 %
9 Years 9.75 % 9.00 %
10 Years 9.75 % 9.00 %

Mahasanchay Systematic Deposit Plan Interest Rates (MSDP)

For this Mahasanchay recurring deposit scheme in Maharashtra bank, the Interest rates are same as applicable to retail term deposits. For more details about the Mahasanchay RD click om the link below there you will find more details about the New RD schemes in Bank of Maharashtra.

New Recurring Deposits Schemes in BOM

 Compare the Maharashtra bank RD rates with the other banks

About Bank of Maharashtra Recurring Deposit

To open the RD account in the Maharashtra bank is the best option for the Depositors. Because the Bank of Maharashtra offers unique and attractive RD schemes. The RD schemes offered by the Maharashtra bank are convenient to all kinds of people. This bank also offers the Internet & mobile banking facilities for the convenience of the customers. Before you know about the RD in Bank of Maharashtra firstly get an idea about what is Recurring Deposit. The Recurring deposit is a saving scheme where you have to pay a fixed amount to the bank on Installment basis throughout the RD tenure. Then, at the end of the RD period, the RD Principle amount along with the interest is given back to you. We have mentioned the about New Recuring Deposit Schemes, RD Account opening in Maharastra bank and Bank of Maharashtra RD features below.

The Bank of Maharashtra is a Private sector bank India which was established in 1935. It has its Headquarters at Pune. GOI holds 81.61% of the total shares of BOM. Bank of Maharashtra has a large number of customers around 15 million over the country. There are a large number of Maharashtra bank branches and ATM’s all over India.

Bank Of Maharashtra Recurring Deposit Features & Benefits

  • Bank of Maharashtra RD minimum instalment amount is Rs.50/-.
  • Maximum Recurring Deposit amount is multiples of Rs. 10/-.
  •  Minimum Deposit Period is 6 months.
  • Maximum Deposit Period is 120 months.
  • Mode of Payment is transfer from SB, CA account by issuing S.I. and By deposit of cash.
  • Attractive Rate of Interests.
  • No TDS.
  • Loan facility.
  • Nomination facility is available.
  • Recurring Deposit account can be transferred from 1 branch to another branch.

Bank of Maharashtra Recurring Deposit Eligibility

  • Individual.
  • Firm.
  • Partner & company.
  • Minor.
  • Doctor.
  • Engineers.
  • Businessmen.
  • Students.
  • Household women etc.

All the above mentioned categories of people have the eligibility to apply for RD in Bank of Maharashtra.

Open Bank of Maharashtra Recurring Deposit Account

The recurring deposit in Maharashtra bank can be opened in both Online and Offline modes. Therefore, we have mentioned the Online Bank of Maharashtra RD account opening process and BOM RD account opening Offline below. If you refer the below RD account opening steps before you open RD in Maharastra bank it will be easy for you.

How To Open RD Account in Bank of Maharashtra Online

  1. Visit the bank of Maharashtra official website.
  2. Then, search for the RD Account opening link.
  3. After you find the link click on it.
  4. Download the bank of Maharashtra RD account opening application form.
  5. Now, fill the BOM RD application form and submit to the
  6. Pay the RD deposit amount through Bank of Maharashtra Internet banking.
  7. Finally, after few days the RD account BOM will be activated.

Bank Of Maharashtra RD Account Opening – Offline

  1. Go to the nearest Bank of Maharashtra branch.
  2. Collect the recurring deposit application form.
  3. Fill the application form carefully without mistakes.
  4. Attach required documents of RD & submit it to the official in the bank.
  5. Pay the RD deposit amount.
  6. After the verification of your RD application form, your account will be activated within few days.

Apply for Bank of Maharashtra Recurring Deposit 

Bank of Maharashtra Recurring Deposit Schemes

The New RD schemes are launched by the Bank of Maharashtra which will attract all the customers. So, check out the RD schemes in the Maharashtra bank along with the features below.

Mahasanchay Systematic Deposit Plan (MSDP)

  • Fixed and Flexi Instalments.
  • Single and Joint Accounts can be opened.
  • Minimum monthly instalment amount:
  • Maximum monthly instalment amount:
  • RD Deposit period (Minimum):
  • RD Deposit period (Maximum):
  • No TDS.
  • Nomination and loan facility.
  • Premature withdrawal with Penalty.
  • Free life Insurance of Rs. 1 lakh.
  • Depositor Age must be between 18-35 years.

Maha Millionaire RD (MMRD) Scheme Features

  • In this Maha Millionaire RD scheme, the depositor will receive at least Rs.1 Million (10 lakhs) at the end of RD maturity period.
  • Free life Insurance of Rs. 1lakh for Individuals.
  • Depositor Age must be 18-50 years.
  • No TDS.
  • Loan facility.
  • The Penalty for late payments.
  • Additional interest rates for the Senior citizens, Staff members, retired staff members.

Maha Lakhpati RD (MLRD) Scheme Features

  • In this Maha Lakhpati recurring deposit scheme, the depositor will receive at least Rs. 1 lakh after the completion of Maturity.
  • Minimum tenure is 1 year.
  • Maximum tenure period is 10 years.
  • The RD rate of Interests will be same as that of the term deposit.
  • Senior citizens and staff will get additional interests.
  • The RD interest calculation and the late instalment payment penalty are same as the RD deposit account.
  • With the change in Interest rates, the monthly Instalment amounts also change.

Our site is exclusive for the recurring deposit calculators. So, for more info regarding the BOM RD schemes, Bank of Maharashtra RD calculator regularly visit our site rdcalculators.com.

Updated: March 22, 2017 — 9:22 am

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