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Money & Banking - Fixed Deposits
BoM hikes rates on deposits

Pune, July 24

Bank of Maharashtra has increased interest rates on domestic deposits with terms between 181 days and three years. The revised interest rates are applicable from July 28. The depositors will now get interest at 8.00 per cent per annum on deposits for 181 days to less than one year, and at 9.50 per cent per cent on deposits for one year to three years. The respective rates for senior citizens are 9.00 per cent and 10.00 per cent per annum.

— Our Bureau

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