CURRENT AFFAIRS

Detailed explanation-1: -The 400-day “Maha Dhanvarsha” fixed deposit scheme is a new fixed tenure offering from the public sector lender Bank of Maharashtra. The highest interest rate on this special deposit is 5.50% for non-senior citizens and 6% for senior citizens, according to the bank.

Detailed explanation-2: -Bank of Maharashtra has introduced a new fixed deposit tenure dubbed “Maha Dhanvarsha” fixed deposit scheme. According to the bank website, the highest interest rate on this special deposit is 5.50 percent for regular citizens and 6 percent for senior citizens with effect from August 29, 2022.

Detailed explanation-3: -It is a Fixed Deposit scheme with a time period of 400 days and a maximum limit of up to Rs. 2 Cr. The highest rate of interest for non-senior citizens will be 5.50% and for senior citizens will be 6%.

Detailed explanation-4: -Bank of Maharashtra offers FD interest rates of 2.75-7.00% p.a. to the general public and 2.75-7.50% p.a. to senior citizens on tenures ranging from 7 days to 5 years and above.

Detailed explanation-5: -What are the highest Bank of Maharashtra fd rates 2022 available? Customers may earn up to 4.90%on FDs with terms ranging from 365 days to 5 years.