Steps to apply for Bank of Maharashtra Fixed Deposit
The application process for Bank of Maharashtra Fixed Deposits (FDs) is hassle-free and can be done in a matter of minutes online. The bank pays investors a very competitive interest rate and also gives a number of other benefits such as loan/overdraft facility, credit card against deposit, etc. Those who are unsure of opening a term deposit online, can still do so by paying a visit to the nearest bank branch. Apart from this, the FD application form can also be downloaded online, duly filled in, and submitted to the respective bank branch. Bank of Maharashtra also offers customers mobile banking facilities and time deposits can also be opened through mobile banking.
Stepwise process to open Bank of Maharashtra FD online
Step 1: Log into internet banking with all credentials such as username and password
Step 2: Go to the home page and click on the term deposit option
Step 3: Choose the type of FD, amount you want to invest and the savings bank account from which you want the money to be debited
Step 4: Fill in all the columns, verify the information and click on the submit option
Step 5: The account will be opened within 24 hours and a confirmation message will be sent to the customers registered mobile number
Download application form
The other method that can be used to open a fixed deposit with the bank is by downloading the application form online, filling the same with all details, and making a submission to the bank. The Bank of Maharashtra FD application form can be downloaded here https://www.bankofmaharashtra.in/downdocs/TermDepositAccOpenForm.pdf.
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I have a Fixed Deposit in Bank of Maharashtra because its near to my place but the interest rate is very low compared to Punjab Maharashtra Cooperative Bank. It was opened before one year and have deposited 6L. I think the rate of interest is 8.25%. The services are excellent, I would suggest them to increase the interest rate.
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4
ASHWANI KUMAR DHAWAN
, new delhi
Reviewed on Jan 19, 2019
am using online services for Fixed deposit. I withdraw the interest monthly which gives me better Rate of interest than Standard 4%. The Best part is you can make Fixed Deposit in Multiples of 1000(Thousands),with minimum amount of Rs.1000. In other banks minimum Amount is 10,000. and helpd you to earn around 8-9% which is double than your normal ROI.
I am using online services for Fixed deposit.
I withdraw the interest monthly which gives me better Rate of interest than Standard 4%.
The Best part is you can make Fixed Deposit in Multiples of 1000(Thousands),with minimum amount of Rs.1000. In other banks minimum Amount is 10,000. and helpd you to earn around 8-9% which is double than your normal ROI.
I am holding a Fixed deposit with Bank of Maharastha. They have done a very good job. It was closed after maturity and the same was used for my daughters marriage. I am holding this for the past 5 years and it is a tax saver FD. Interest rate offered by them was medium which is 9% and they have provided the FD certificate also.
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8
ARUN SHANKAR KADAM
, pune
Reviewed on Apr 27, 2015
The FD types in Bank of Maharashtra is very difficult to understand.
I was trying to figure out if there is an option to create a Tax Saver FD online, but when I checked the FD types, and the names of FD, it was very confusing.
Ultimately I need to google each FD types to understand what that means.
The FD types should be made simpler like that of SBI and ICICI.
I had opened up the fixed deposit with Bank of Maharashtra before a year. Its a very good interest rate provided and its competitive too. The relationship with this bank is too good and they are customer friendly. Customer service as well as on line services is too great.
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8
RAGHAVENDRA VISHWESWARARAO JINGADE
, bangalore
Reviewed on Dec 02, 2014
Bank of Maharashtra's Fixed Deposit offers interest rate @9% approx. I did it for one year and the sum is Rs.50000. I applied it with my net banking online. It is a nice product for long term accumulation. You can deposit sum on a monthly basis. My overall experience was quite good.
Maharashtra bank Fixed Deposit is good their rate of interest is low when compared with other banks, it was opened as a joint account with my wife and the prime reason why I opened this account is because I was planning for a housing loan and that is why.
It was a good experience of holding a fixed deposit with Bank of Maharashtra. I have closed the FD an year ago. There was no documentation required for creating the FD because I was holding a savings account with them. They do have online facility however I didn't avail the service. Customer service and response are too good and I genuinely having a very good experience. Bank executives are very pro-active. Rate of interest was 8.5%.
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4
GIRISH DOREPALLY
, hyderabad
Reviewed on Jul 29, 2014
I am holding an FD account with Bank of Maharashtra and I went to their Branch personally and I applied for that it was for 5 years and its great and I am happy with the interest rates and through on line I check all the FD details it will be really good if they provide the options for the change of amount or tenure online
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4
PRALHAD RAMNATH PAGAR
, pune
Reviewed on Jul 10, 2014
Couple of months ago I started my first fixed deposit with bank of Maharashtra. I am a salary account holder for a while. It was quite easy to start a fixed deposit as there are no documents required. Rate of interest is good compared to other banks. Customer service is fine but not good as other private banks. I would suggest the bank to introduce online services.
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16
SMITA SADANAND MESTRY
, mumbai
Reviewed on Jun 19, 2014
