Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.
Maharashtra Gramin Bank (MahaGB) is a regional rural bank (RRB), headquartered in Aurangabad, established in 2019. Its headline 1-year FD rate of 6.50% is 0.04% above the regional rural bank average of 6.46%, ranking #594 of 1033 banks on RateScan.in.
Rates as of 17 Jun 2026, verified from official source. Regional rural bank, jointly owned by the Government of India, the state government and a sponsor bank: deposits insured by DICGC up to ₹5,00,000.
Every RBI press release since 1 Jan 2024 that names Maharashtra Gramin Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
RBI fined the bank ₹4.20 lakh
RBI's reason: “for non-compliance with certain directions issued by National Bank for Agriculture and Rural Development (NABARD) on ‘Offsite Surveillance System – Revision of Due dates for Submission of OSS/FMS Returns’ and certain directions issued by RBI on ‘Know Your Customer (KYC)’”
“The bank had: reported certain frauds to NABARD with delay; and failed to put in place a system of periodic review of risk categorisation of accounts, with such periodicity being at least once in six months.”
RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
760 branches in 33 districts
Most branches: Nanded 68, Beed 51, Osmanabad 40
From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.
Every rate, tenure by tenure, and what your money grows to.
Changes to MahaGB's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 22 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
Informational only. Always confirm the current rate on the official MahaGB website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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