How to find the best rates for Bharatiya Mahila Bank Fixed Deposit
Bharatiya Mahila Bank has established itself as a pioneer when it comes to the economic empowerment of women, carving a niche position for itself. An award winning bank, this comparatively new entity has won the hearts of its customers, providing not only great products but also training and imparting valuable knowledge to women, enabling them to stand on their feet. Bharatiya Mahila Bank offers three FDs at extremely competitive and attractive interest rates, with unmatched features designed to simplify banking, while helping both the bank and customers grow together. Interest rates offered by Bharatiya Mahila Bank vary depending on the term of a particular fixed deposit, with different terms having different interest rates.
Bharatiya Mahila Bank Short-term Fixed Deposit Rates
Fixed deposits with a tenure ranging from 7 days to 364 days are categorized as short-term fixed deposits. These FDs generally earn a lower rate of interest than long-term deposits, with rates ranging between 5% and 7.75% per annum. FDs with a term of 30, 60 and 90 days earn an interest of 5% per annum. FDs with a term of 120 days earn an interest of 7% per annum, while FDs with a term of 6 and 9 months earn an interest of 7.75% per annum. The table below highlights the interest rates.
Bharatiya Mahila Bank Medium and Long-term Fixed Deposit Rates
Fixed Deposits which have a tenure of over 1 year are categorized as medium and long-term deposits. Bharatiya Mahila Bank offers a higher interest rate on long term deposits, with an interest of 8.10% per annum for deposits with a term period of 1 or 2 years. This rate drops to 8% per annum for deposits with a tenure of 3 and 4 years. Deposits with a tenure of 5 years earn the highest interest rate, which stands at 8.25% per annum. The table below highlights the interest rates for medium and long-term periods.
Bharatiya Mahila Bank Senior Citizen Rates
Bharatiya Mahila Bank offers special interest rates to senior citizens. Senior citizens with FDs with BMB are eligible for interest rates which are 50 base percentage points higher than the interest rates offered to others. This essentially means that FDs held by senior citizens earn an interest which is 0.50% higher than others. The interest is 5.50% per annum for term periods of 30, 60 and 90 days. Terms of 120 days earn interest of 7.50% per annum, while FDs for a tenure of 6 or 9 months get an interest of 8.25% per annum. FDs for 1 and 2 years earn interest at the rate of 8.60% per annum, while an FD for 3 or 4 years earns an interest of 8.50% per annum. FDs for 5 years earn the highest interest which stands at 8.75% per annum. The table below highlights the interest rates.
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