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Maharashtra Gramin Bank Fixed Deposit

GraminNA

DICGC

6.85%

Interest for 3 years

Maharashtra Gramin Bank FD Interest Rates 2023

Tenure	Normal Citizen FD Rate	Senior Citizen FD Rate
7 days - 1 month 15 days	3.75%	3.75%
1 month 16 days - 2 months 29 days	4.55%	4.55%
2 months 30 days - 5 months 26 days	5%	5.5%
5 months 27 days - 11 months 29 days	5.75%	6.25%
11 months 30 days - 2 years 11 months 29 days	6.8%	7.3%
2 years 11 months 30 days - 2 years 11 months 30 days	6.85%	7.35%
3 years - 4 years 11 months 28 days	6.5%	7%
4 years 11 months 29 days - 9 years 11 months 28 days	6.85%	7.35%

Note: All interest rates shown above are as on 2nd Jun 2023

About Maharashtra Gramin Bank FD

Maharashtra Gramin Bank came in to existence after amalgamation of erstwhile Maharashtra Godavari Gramin Bank and Marathawada Gramin Bank as per the notification issued by Government of India, Ministry of Finance, Department of Financial Services ref No F.No. 1/4/2006-RRB(II) dated 20 July 2009 with its head office at Aurangabad. The Bank is sponsored by Bank of Maharashtra. The share capital of the Bank is contributed by Government of India, Government of Maharashtra and Bank of Maharashtra in proportion of 50:15:35

3.75% - 6.85%

FD Rate

3.75% - 7.35%

FD Rate for Seniors

₹ 100

Minimum Deposit

₹ 2 Crores

Maximum Deposit

Lock-in

FD Tenure

Loan against FD

CRISIL Rating

Maharashtra Gramin Bank FD Returns Based on Investment Amount

Investment Amount	For 3 years with interest of 6.85%	For 5 years with interest of 6.85%
₹ 50,000	₹ 61,371	₹ 70,355
₹ 1 lakh	₹ 1,22,742	₹ 1,40,709
₹ 2 lakh	₹ 2,45,484	₹ 2,81,419
₹ 5 lakh	₹ 6,13,711	₹ 7,03,547
₹ 10 lakh	₹ 12,27,422	₹ 14,07,093

Compare Maharashtra Gramin Bank Fixed Deposit Returns with Top Banks

Use FD calculator to change values and compare your returns from top banks.

Kerala Gramin Bank FD


Maturity Amount	₹ 1,07,016	₹ 1,06,697
Total Investment Amount	₹ 1,00,000	₹ 1,00,000
Total Interest Gained	₹7,016	₹ 6,697

Compare Maharashtra Gramin Bank Fixed Deposit Rates with Top Banks

Bank Name	FD Interest Rates
Kerala Gramin Bank FD	6.5% - 7%
Bank of India FD	6.5% - 7.25%
Karnataka Gramin Bank FD	6.85% - 7.35%
ESAF Small Finance Bank FD	6.75% - 7.25%
Union Bank of India FD	6.5% - 7%
Utkarsh Small Finance Bank FD	8.25% - 8.85%
IndusInd Bank FD	7.5% - 8%
CSB Bank FD	5.75% - 6.25%
HDFC Bank FD	7% - 7.5%
Central Bank of India FD	6.25% - 6.75%

Calculate Maharashtra Gramin Bank FD Returns

Investment Amount

Investment Period

Interest Rate

Compounding Period

Senior Citizen

₹ 1,00,000

Total Investment

7,016

Wealth Gained

₹ 1,07,016

Maturity Amount

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Frequently Asked Questions

What is the highest Maharashtra Gramin Bank FD rate today?

The highest Maharashtra Gramin Bank FD rates for general citizens is 6.85% p.a. and 7.35% p.a. for senior citizens.

What is the highest interest rate on Maharashtra Gramin Bank 1 year FD scheme?

The highest interest rate on Maharashtra Gramin Bank 1 year FD scheme is 6.8% p.a.

What is Maharashtra Gramin Bank FD scheme interest rate for 5 years?

6.85% p.a is the interest rate for 5 years on Maharashtra Gramin Bank FD scheme.

How many years FD will double in Maharashtra Gramin Bank?

To know in how many years Maharashtra Gramin Bank Bank FD will double, we can follow the 72 rule. We have to divide 72 by the interest rate, and the result will be the number of years Maharashtra Gramin Bank Bank FD will double. The current highest Maharashtra Gramin Bank FD interest rate is 6.85% so investors will double the investment in 10.51 years. Similarly, senior citizen depositors will double their FD investment in 9.80 years, where the highest FD rate for senior citizens is 7.35%.

What is Maharashtra Gramin Bank FD minimum deposit amount?

The minimum investment in Maharashtra Gramin Bank FD is INR 100. However, there is no limit on the maximum amount of investment in Maharashtra Gramin Bank FD.

What is senior citizen fixed deposit interest rates in Maharashtra Gramin Bank?

The senior citizen fixed deposit interest rates in Maharashtra Gramin Bank range between 3.75% to 7.35% p.a. for an available minimum and maximum investment duration.

What are the available FD tenures in Maharashtra Gramin Bank?

Maharashtra Gramin Bank FD tenure ranges from 7 days to 9 years 11 months 28 days

What is Maharashtra Gramin Bank FD ROI for 10 lakh deposit for 1 year?

The interest from the Maharashtra Gramin Bank FD calculator for 10 lakh deposit for 1 year will be INR 70,160. The maturity value will be INR 10,70,160. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.

How to check the fixed deposit balance in Maharashtra Gramin Bank?

You can check Maharashtra Gramin Bank FD balance either online or offline mode. For online mode, log in to the Maharashtra Gramin Bank internet banking portal. Alternatively, you can visit the nearest Maharashtra Gramin Bank bank to update your passbook for FD balance enquiry.

How many FDs can be opened in Maharashtra Gramin Bank?

There is no restriction on the number of FDs you can open with Maharashtra Gramin Bank.