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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
    7.39% - 7.95% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.39% - 7.95% 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

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Bank of Maharashtra Fixed Deposit Rates

    Fixed Deposit (FD) rates offered by Bank of Maharashtra (BoM) goes up to 6.50% p.a. for regular deposit holders and 7.00% p.a. for senior citizens. The bank offers a number of term deposit options including monthly, quarterly, and cumulative deposit options. Fixed deposit interest rates generally fluctuate and banks update rates based on their discretion.

    The table below is updated on a real-time basis to help customers compare the latest interest rates offered.

    The revised list of Bank of Maharashtra FD rates as updated on 16 January 2017, for regular and senior citizens, is listed below: 

    Tenure Regular FD rate (per annum) Senior citizen FD rate (per annum)
    7 days to 45 days 4.25% NA
    46 days to 90 days 5.25% NA
    91 days to less than 1 year 6.00% 6.50%
    1 year 6.50% 7.00%
    More than 1 year to 3 years 6.25% 6.75%
    More than 3 years 6.00% 6.50%

    *The above mentioned rates are for deposits that are of less than Rs.1 crore

    Bank of Maharashtra short-term FD rates

    • Bank of Maharashtra fixed deposits come in a wide range of tenures and customers who do not want to lock in money for a long period of time can go for short-term time deposits
    • The rate of interest paid for these FDS start from 4.25% p.a. and goes up to 6.00% p.a.
    • The highest rate of interest paid on short-term FDs is 6.00% p.a for a time frame of 91 days to less than 1 year
    • On the other hand, a bank deposit rate of 5.25% p.a is paid for a deposit that is taken from 46 days to 90 days

    Bank of Maharashtra medium-term FD rates

    • Bank of Maharashtra fixed deposit interest rates are pretty competitive and the highest rate of 6.50% p.a. is offered for this type of deposit
    • Those who invest in an FD for anywhere from more than 1 year to 3 years, will be paid interest at the rate of 6.25% p.a.
    • Medium-term fixed deposits help customers meet their financial goals like buying a car, taking a vacation or education of children

    Bank of Maharashtra long-term FD rates

    • Long term deposits offer an interest rate of 6.00% p.a., and the tenure for this type of deposit is more than 3 years
    • The interest rate for all tenure ranges in this slab will be the same
    • Customers can also choose to go for the 5-year tax savings scheme that pays interest at the rate of 6.00% p.a.
    • A tax deduction of up to Rs.1.5 lakh can be claimed under the tax saver fixed deposit scheme

    Bank of Maharashtra senior citizen FD rates

    • Senior citizens investing in Bank of Maharashtra fixed deposit schemes will get an additional 0.50% interest
    • Special rates for senior citizens will only be applicable for term deposit tenures that begin from a maturity period of 91 days and more
    • The highest FD rate for senior citizens is 7.00% p.a. for deposits that come with a maturity period of 1 year
    • For pensioners who put money for more than 1 year and up to 3 years, the rate of interest paid is 6.75% p.a.

    Know more about Bank of Maharashtra fixed deposits

    How to apply for Bank of Maharashtra FDs: Applying for a BoM FD is quite a hassle-free process. Those who have an  internet banking account can book one in a matter of seconds by using their login credentials.

    NRI term deposits: The bank also offers customers the option to invest in Non-Resident Indian (NRI) deposits such as NRE and NRO accounts. This gives customers the option to park their funds in an Indian account and earn an attractive rate of interest on the same.

    Tax saver FDs: Bank of Maharashtra also offers  customers tax saver fixed deposits to claim a tax deduction of up to Rs.1.5 lakh under Section 80C of the income tax act.

    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? 11
      , 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? 7
      , 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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