By continuing, you agree to LoansJagat's Credit Report Terms of Use, Terms and Conditions, Privacy Policy, and authorize contact via Call, SMS, Email, or WhatsApp
Disclaimer: The information published on LoansJagat is intended for general informational and educational purposes only and should not be considered financial, legal, or investment advice. Interest rates, loan terms, statistics, and other data may change over time and may vary by lender or source. Please verify the latest information and consult a qualified financial advisor or the respective Bank/NBFC before making any financial decisions.
Apply for Loans Fast and Hassle-Free
Subscribe Now
About the author
LoansJagat Team
‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
Related Blog Post
Simplify All Your Loans Into One Affordable EMI
Customers Served
Debt Consolidated
1200+ Reviews
Locations in India
Club all Loans & Credit Card Bills into Single EMI
Quick Apply Loan
Consolidate your debts into one easy EMI.
Takes less than 2 minutes. No paperwork.
10 Lakhs+
Trusted Customers
2000 Cr+
Loans Disbursed
4.7/5
Google Reviews
20+
Banks & NBFCs Offers
Other services mentioned in this article
Key Insights
Are you looking to make the most of your savings with a reliable public sector bank?
You have to try the Bank of Maharashtra savings account interest rate calculator to see how your money could grow and compare their rates. You can choose a better plan with the Bank of Maharashtra savings account interest rate.
You can think of this interest as a steady return on your savings. The bank calculates it every day based on your end-of-day balance, helping your money grow steadily over time. This process benefits all customers of the Bank of Maharashtra saving account interest rate for senior citizens.
I like seeing ongoing growth as a customer of Bank of Maharashtra. I want a Maharashtra Bank minimum balance for savings account that pays monthly interest on savings.
The regular returns are a big plus, and meeting the Maharashtra bank, which bank gives monthly interest on savings account.
Still letting your savings sit idle? Check out the latest Bank of Maharashtra savings account interest rates for 2025-26 and see how much more your money can earn.
Here is the list of the Bank of Maharashtra Savings Account interest rate 2025-26:
Now’s the perfect time to check out higher-yield options that can boost your returns.
Bank of Maharashtra provides dependable banking and several savings account options that offer great value.
Here is the list of the Bank of Maharashtra Savings Account Features and Benefits:
Choose the account type that fits your lifestyle to enjoy extra benefits and added security.
Bonus Tip: Get a free ATM-cum-Debit Card (RuPay or VISA, depending on your account type) for easy cash withdrawals and payments.
You can get a clear picture of the key fees and charges for your Bank of Maharashtra Savings Account so you can bank with confidence.
Here is the list of the Fees and Charges of the Bank of Maharashtra Savings account:
*T&C Apply
You can keep the required balance in your account to avoid extra fees and better control your costs.
Take a look at the savings accounts from Bank of Maharashtra. Each one is made to help meet different financial needs and goals.
Here is the list of the Types of Bank of Maharashtra savings accounts:
If you’re looking for a basic zero-balance account or a premium lifestyle option, we have a savings account that’s right for you.
Bank of Maharashtra provides reliable public sector banking with a range of useful features. You can use the savings account interest rate calculator to find an account that fits your balance and helps your savings grow. The bank also offers strong digital services and account benefits tailored to your needs.
Is the interest calculated based on the amount in the savings account at the end of the quarter?
No, interest is not based only on the balance at the end of the quarter. Most banks use the daily balance method, which means they apply the interest rate to your balance each day. The interest you earn is then added to your account every quarter, or sometimes every month.
What's wrong with the Bank of Maharashtra?
Bank of Maharashtra (BoM) has some strengths, such as controlled NPAs and solid credit growth. However, investors are concerned about recent NIM compression, weaker stock performance compared to other banks, rising slippages, regulatory challenges for smaller banks, and past instances where the bank did not share details about large loan write-offs.
How does a bank give interest on a savings account?
Banks pay interest on savings accounts by calculating it daily based on your balance. They use the formula: Daily Balance × Annual Interest Rate / 365. The interest you earn is added to your account every month or every few months.
Why are savings account interest rates very high in India?
Savings account interest rates in India are not always very high, but some banks do offer competitive rates, often around 3-4% or more, to attract deposits. These rates depend on factors like RBI policies, inflation, competition for lending funds, and each bank’s strategies, such as monthly interest payouts or incentives for higher balances.
Is a PAN card mandatory for my savings account?
No, a PAN card is not required. If you do not have one, you can submit a declaration using Form 60 or 61 instead.
