Bank of Maharashtra FD Interest Rate – Complete Guide & Latest Returns

Key Insights 
 

1. The Bank of Maharashtra FD Interest rate ranges from 2.75% to 6.20%
    
2. Bank of Maharashtra offers an additional 0.50% interest rate to senior citizens.
    
3. The Bank of Maharashtra offers a variety of FD tenures, ranging from 7 days to 10 years.

The Bank of Maharashtra Fixed Deposit offers a minimum interest rate of 2.75% and a maximum interest rate of 6.70%. The Bank of Maharashtra FD Interest rates change according to tenure, amount, and schemes.

The Bank of Maharashtra offers various types of Fixed Deposit schemes for customers, including salaried individuals, businessmen, and senior citizens.

This blog provides an in-depth understanding of Bank of Maharashtra Fixed Deposit interest rates, including updated 2025 rates, key features, comparisons with other banks, and eligibility criteria.

Bank of Maharashtra FD Interest Rates 2025

The Bank of Maharashtra FD Interest Rate gives you a guaranteed return on a fixed deposit. 

But it is more exciting when you know about the latest interest rate on a fixed deposit 2025. Here is the list of Bank of Maharashtra FD Interest Rates 2025:

 

This table helps you understand the starting tenure, the tenure at which a higher interest rate is applied, and the maximum tenure of the Bank of Maharashtra Fixed Deposit FD Interest Rate.

Bonus Tip: If you withdraw your deposit before it matures, the interest will be paid at the rate that applies to the period your deposit was actually held with the bank.

Types of Bank of Maharashtra Fixed Deposit Schemes

The Bank of Maharashtra offers a variety of schemes to customers, whether they come from rural or urban areas, giving every customer an edge. Here is the list of Bank of Maharashtra Special Schemes:
 

This table outlines the key points to help you invest in Tax savings schemes, earn returns, and reduce your tax liability.

Bonus Tip: A tax-saving term deposit is available under current bank practices. However, nominations are not permitted for term deposits held by or on behalf of minors.

Features and Benefits of Bank of Maharashtra FD

The Bank of Maharashtra Fixed Deposit interest rate comes with exciting features that are highly beneficial for customers. Here is the list of features of Bank of Maharashtra Fixed Deposit:

• You can get a guaranteed return on the Bank of Maharashtra Fixed deposit.
• You can get a loan of 90% of your Fixed Deposit Amount without breaking the FD.
• Nomination facility available.
• Account portability from one branch to another without premature closure.

The Bank of Maharashtra offers features that not only provide you with the interest rate on your deposit but also assist you in emergencies through its loan facility on your fixed deposit. 

Comparison of Bank of Maharashtra FD Rates with Other Banks

How do we know that the Bank of Maharashtra Fixed Deposit is Best for us? The answer is to compare the Bank of Maharashtra Fixed Deposit interest rate with that of other banks. Here is the comparison of Bank of Maharashtra Fixed Deposit with other banks:

You can compare the Fixed Deposit interest rate with that of other banks and choose the best schemes according to your financial goals.

Eligibility Criteria & Required Documents for Bank of Maharashtra FD Interest Rates

If you want to open a Bank of Maharashtra Fixed Deposit Account, you have to meet the eligibility criteria and provide some required documents. Here is the list of documents for the Bank of Maharashtra Fixed Deposit :

• Indian Resident
• PAN Card
• Aadhaar
• Passport
• Voter ID
• Utility Bills
• Rental Agreement

After you get your PAN and address proof, you can easily open a fixed deposit and start earning steady returns with Bank of Maharashtra FD interest rates.

Here is the list of eligibility criteria for Bank of Maharashtra Fixed Deposit:

• A partner firm can open the fixed deposit account.
• Minor with a guardian
• Ideal for professionals, including doctors, engineers, businessmen, homemakers, and students.

These eligibility and documentation requirements apply to the Bank of Maharashtra Fixed Deposit. 

Tax Implications and Premature Withdrawal on Bank of Maharashtra FD

The Bank of Maharashtra does not charge any fees for a tenure period of 1 year. However, for tenure periods exceeding 1 year, the Bank charges 1%.

1. For Domestic deposits below ₹1 crore, if you invest for more than 1 year, a 1% charge will be applied; otherwise, there will be no penalty on premature withdrawal. If the customer reinvests money or the residual of the maturity period, then there will be no penalty at the applicable rate.

2. For Domestic deposits ranging from ₹1 crore to ₹100 crore, the premature withdrawal penalty is 0.50%. For Domestic deposits exceeding ₹100 crore, the premature withdrawal penalty is 0.50%.

3. In case of NRE/FCNR deposits, no interest shall be paid if the deposit is prematurely closed before the minimum period of one year.

4. Premature payment after one year shall attract a penalty as per point 8(b) and (c). 

For bulk deposits of ₹1 Cr and above, the Bank may, at its discretion, disallow premature withdrawal for all depositors, including individuals and HUFs. The Bank will notify such depositors of this policy in advance, at the time of accepting these deposits.

How to Invest in Bank of Maharashtra FD?

You can invest your money in the Bank of Maharashtra Fixed Deposit Account through Internet Banking. Here are the step-by-step guidelines for investing in Bank of Maharashtra Fixed Deposits: 

Step 1: Log in to the Bank of Maharashtra internet banking using your username and password.

Step 2: On the home page, select the term deposit option.

Step 3: Choose your preferred FD type, enter the amount to invest, and select the savings account for the debit.

Step 4: Complete all required fields, check your details, and click submit.

Step 5: Your Bank of Maharashtra FD account will be opened within 24 hours, and you will receive a confirmation message on your registered mobile number.

These steps help you open a fixed deposit account in the Bank of Maharashtra.

Conclusion 

The Bank of Maharashtra offers fixed deposit accounts to Indian residents. These accounts give you guaranteed returns that do not depend on the stock market. You can also open more than one account.

You can start a Bank of Maharashtra fixed deposit account with as little as ₹100, and there is no upper limit on how much you can deposit.

FAQs

What do I do if I lose my Bank of Maharashtra FD receipt?

If you lose your Bank of Maharashtra FD receipt, visit the branch where you opened the FD to request a duplicate receipt.

Is the ₹5,00,000 DICGC insurance cover applicable to Bank of Maharashtra FD?

Yes. ₹5,00,000 Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance cover is applicable on Bank of Maharashtra FD.

How does the fixed deposit calculator assist?

The Bank of Maharashtra FD Calculator helps you compare different FD options based on interest rates and tenure. This tool makes it easier to choose the right investment for your needs.

How many FDs can be opened in the Bank of Maharashtra?

You can open as many FDs as you want with the Bank of Maharashtra.

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