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    Bank of Maharashtra Fixed Deposit Rates

     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 6.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Bank of Maharashtra Fixed Deposit Rates is Rated as "Excellent!" by 10 Users

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    Fixed Deposit BYTES FROM OUR KITCHEN

    Bank of Maharashtra FD(Fixed Deposit) Interest Rates 2017

    Bank of Maharashtra is part of the Indian banking space with a number of retail products on offer to clients including fixed deposits. These FD schemes are of varying tenors to meet the investment needs of different individuals.

    Interest rates on FDs, however, are prone to fluctuations in keeping with market rate movements and a banks asset-liability management requirements. Investors often find it hard to track these changes and manage their FD holdings in way that gives them optimum returns.

    The above table is constantly updated with the latest interest rates to enable real-time comparison of maturities thereby facilitating sound investment decisions.

    The updated list of Bank of Maharashtra FD Rates 2017, for Regular and Senior Citizen, is listed below:

    Tenure Regular FD Rates Senior Citizen FD Rates
    7-45 days 4.25 4.75
    46-90 days 5.25 5.75
    91-364 days 6 6.5
    365 Days/one year 6.5 7
    Over 1 year to 3 years 6.25 6.75
    3 years / Mahalaxmi Term Deposit 6.25 6.75
    Above 3 years 6 6.5

    Bank of Maharashtra Short-Term FD Rates

    The lowest rate on offer is 4.5% for a 30-day deposit-period which stacks up well against other banks offering similar schemes. It gives the investor reasonable returns without compromising liquidity. The next best offer is on a 60-day or 90-day deposit at 6% which is enhanced by 0.5% on a 120-day and 6-month deposit to 6.5%. The 9-month scheme rounds up the short-term products with a rate of 7%.

    Bank of Maharashtra Medium and Long-Term FD Rates

    Schemes with tenures between 1 and 3 years have the highest rate of return at 7.51% followed by the 4 and 5-year schemes, which are 7.25%.

    Bank of Maharashtra Senior Citizen FD Rates

    Senior citizens earn 0.5% extra on existing rates for FD tenures of 9 months and above (up to 5 years). This puts interest rates in the range of 4.5% to 8.01% with medium and long-term deposits hovering around the 8.01% mark.

    Interest rates on Bank of Maharashtra's fixed deposits are attractive on long-term holdings especially for senior citizens who prefer income to liquidity.

    All rates mentioned above are on a per-annum basis, compounded quarterly.

    News About Bank of Maharashtra Fixed Deposit

    • Bank of Maharashtra Fixed Deposit Rates

      The fixed deposit rates on offer from Bank of Maharashtra stay more or less the same as is present across the banking market. Directions from the Reserve Bank of India and slashes in the repo rates have indeed affected the base rates of this western bank and the same can be observed in the bank’s interest rates for fixed deposits

      As of February, 2016, the rates of interest for fixed deposits of amounts less than INR 1 crore start at the lowest figure of 4.5% per annum and max out at 7.62% per annum. The lowest interest rate of 4.5% per annum is applicable for tenures of 7 days to 14 days. From 15 to 30 days, the rate is at 5% per annum and from 31 days to 45 days it is 5.5% per annum. From 46 to 90 days, the rate of interest is 6% per annum and it increases to 6.60% per annum for tenures of 91 days to 180 days. From 181 days to 270 days, it is 7% per annum. From 271 days to 364 days it is 7.25% per annum. For deposits of exactly one year, the rate of interest is 7.6% per annum and it stays the same till 443 days’ tenure. There is a fractional increase of 0.01% for a period of 444 days’ deposit. Rates stay within 7.60% per annum to 7.25% per annum for periods greater than 444 days. The highest rate of interest is available with 666 days’ tenure at 7.62% per annum.

      3rd February 2016

    • Bank of Maharashtra tweaks its Fixed Deposit Rates

      The seasonal trend of lowering rates brought forth by the reduced repo rate of the Reserve Bank of India has taken many banks and their products in its wake. Bank of Maharashtra has recently posted some changes to the rates on its fixed deposit accounts in the same tune.

      For all deposit amounts of less than a crore, rates have changed either marginally or substantially. From 7 days to a month, the lowest possible rates of 4.50% and 5.0% are applicable on two tenure brackets in the time range. That has come down by a whopping 1.50% from the earlier rate of 6.5%. 90 day deposits have similarly dropped by 1% and are now at 6.5%. Short term deposits ending at 270 days now have only 7.5% as the highest interest rate applicable. Fixed deposits with the bank can go up to a period of 10 years, but the highest rate of interest is capped at 8.02% for a period of 666 days.

      10th September 2015

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  • Bank of Maharashtra Fixed Deposit Reviews

    • Bank of Maharashtra Fixed Deposit
      "Dream FD"
      0.5 4.5/5 "Excellent!"
      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.
      Was this review helpful? 10
      , pune
      Reviewed on Dec 10, 2015
    • Bank of Maharashtra Fixed Deposit
      "Fixed Deposit"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 6
      , pune
      Reviewed on Jul 19, 2015
    • Bank of Maharashtra Fixed Deposit
      "Its good "
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 4
      , pune
      Reviewed on Apr 27, 2015
    • Bank of Maharashtra Fixed Deposit
      "Fixed Deposit Description"
      0.5 2.5/5 "Just OK"
      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.
      Was this review helpful? 9
      , nagpur
      Reviewed on Mar 30, 2015
    • Bank of Maharashtra Fixed Deposit
      "Very good interest rate provided"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 02, 2014
    • Bank of Maharashtra Fixed Deposit
      "Fixed deposit"
      0.5 4.5/5 "Excellent!"
      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.
      Was this review helpful? 2
      , new delhi
      Reviewed on Nov 29, 2014
    • Bank of Maharashtra Fixed Deposit
      "Its good"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 10
      , pune
      Reviewed on Aug 22, 2014
    • Bank of Maharashtra Fixed Deposit
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      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%.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 29, 2014
    • Bank of Maharashtra Fixed Deposit
      "Can provide options"
      0.5 4.0/5 "Great!"
      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
      Was this review helpful? 2
      , pune
      Reviewed on Jul 10, 2014
    • Bank of Maharashtra Fixed Deposit
      "Average"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 12
      , mumbai
      Reviewed on Jun 19, 2014
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