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    Bank of Maharashtra Fixed Deposit Rates

    We found 4 Bank of Maharashtra Fixed Deposit Rates

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

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

    Fees & Charges

    Promised Interest Rate

    Customer Service



    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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