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.
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
Apply for Other Banks FD
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
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.
The maximum tenure for a Bank of Maharashtra FD is 10 years.
You can apply for a Bank of Maharashtra FD online anytime between 8 am and 8 pm.
Indian resident individuals and Hindu Undivided Families (HUFs) can open a Bank of Maharasthra FD.
The monthly deposit required to open a Bank of Maharashtra Maha Saraswati Scheme is Rs.50 and multiples of Rs.10 thereafter in semi-urban and rural areas and Rs.100 and multiples of Rs.10 thereafter in metro and urban areas.
If you lose your Bank of Maharashtra FD receipt you can apply for a duplicate receipt from the bank's branch which had issued the original FD receipt.
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