Bank of Maharashtra FD Rates 2025

The Bank of Maharashtra is a large Indian government-owned bank. The bank has the largest branch network of any public sector bank in Maharashtra. Bank of Maharashtra offers a choice of FD accounts designed to assist its clients in earning significant returns on their investments at a fixed interest rate and for a specified period. This article explores Bank of Maharashtra fixed deposit rates, features and other details.

Bank of Maharashtra Fixed Deposit Interest Rate

Regular FD Schemes:

Check out the table given below for latest interest rates regular deposits:

Additional Information-

• As per bank’s official website, resident Indian senior citizens would be offered an extra rate of 0.50% per annum on all maturity slabs of 91 days and above for deposits of up to Rs. 5 crore in Bank of Maharashtra FD rates. 
• The interest rate shall be 1.00% less than the relevant rate for the actual time during which the deposit remained with the bank, as it was on the date of deposit, and shall be payable for the period during which the deposit remained with the bank. 
• NRE deposits are accepted for a minimum of one year. 
• In the case of NRE deposits, no interest is payable if the deposit is closed prematurely before the one-year minimum time. Premature payment of NRE term deposits after one year incurs a 1% penalty on the appropriate interest rate.

ALSO READ: https://stablemoney.in/fixed-deposit-calculator/bank-of-maharashtra-fd-calculator

Benefits of Bank of Maharashtra Fixed Deposit-

Below are few of the benefits of Bank of Maharashtra fixed deposit-

• Loans up to 90% of the deposit amount without breaking fixed deposit.
• Nomination facility
• Account portability from one branch to another without premature closure

Bank of Maharashtra Fixed Deposit Eligibility-

Below is the eligibility criteria for opening Bank of Maharashtra -

• An individual, corporation, partner, or organisation can open a fixed deposit account. 
• Minor with a guardian 
• Ideal for doctors, engineers, businessmen, students, and homemakers.

How do you Invest in a Bank of Maharashtra Fixed Deposit Account?

Here is how to invest in a Bank of Maharashtra fixed deposit account online and offline-

Online Application through NetBanking

Here is the process for opening a Bank of Maharashtra fixed deposit account online through NetBanking-

• Open the Bank of Maharashtra net banking website
• Sign up for the website
• Click on Term Deposit on the homepage 
• Choose the type of deposit scheme
• Now, fill in all the required details
• Verify all the details
• Click on Submit
• The account opening takes around 24 hours.
• A confirmation message will be received on the registered mobile number.

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Online Application through Mobile App

Here is the process for opening a Bank of Maharashtra fixed deposit account online through Mobile App-

• Download the Bank of Maharashtra App 
• Sign in to the App
• Select term deposit
• Choose the type of deposit account
• Fill in all the required details 
• Verify the details
• Now, click on submit
• The account opening takes around 24 hours. 
• A confirmation message will be received on the registered mobile number.

Offline Application

Here is the process for opening a Bank of Maharashtra fixed deposit account online through Offline-

• Visit the nearest Bank of Maharashtra branch
• Fill out the application form
• Attach all the required documents 
• Provide the deposit amount
• After successful processing, the Bank of Maharashtra will provide an FD receipt.

Bank of Maharashtra Fixed Deposit Schemes-

Here are different Bank of Maharashtra fixed deposit schemes-

Monthly interest deposit scheme-

• Mahabank's monthly interest deposit scheme provides the convenience of receiving monthly money.
• The bank offers attractive interest rates based on maturity patterns, starting at Rs.1000/-. 
• The deposit period would range from 12 to 120 months.
• A loan facility is available. Up to 90% of the deposit. A nomination facility is available.

Quarterly Interest Deposit Scheme

• This scheme is ideal for planning investments depending on quarterly interest paid on deposit.
• Any individual, firm, minor, etc.
• Minimum deposit amount of Rs.1,000/-
• The bank interest rate from time to time.
• The deposit duration varies from 12 to 120 months. 
• The nomination facility is available. 
• A loan facility is available. 
• Up to 90% of the deposit. 
• Interest will be deposited quarterly into the depositor's SB, CA, or any other account as instructed.

ALSO READ: https://stablemoney.in/blog/bank-of-maharashtra-net-banking

Tax Saving Fixed Deposit

• The tax-saving fixed deposit has a five-year lifespan. 
• The investment limit is a minimum of 100 and a maximum of Rs.150,000 in one year. 
• Tax on such interest shall be deducted under section 194A or section 195 of the Act.
• Premature FD withdrawal is not allowed. 
• In the event of the term deposit holder's death, the nominee or nominees shall be entitled to encash the term deposit.
• Can be transferred from one branch to another but not to any other bank branch.
• No nomination in case of a minor

Conclusion

The Bank of Maharashtra offers a variety of fixed deposit schemes tailored to suit the needs of different types of investors—whether you're looking for regular income, long-term savings, or tax benefits. With competitive interest rates, flexible tenures, and added features like nomination, loan against FD, and easy online access, these FDs are a reliable option for growing your savings safely. Whether you're a salaried individual, a senior citizen, or a business owner, investing in a Bank of Maharashtra FD can help you meet your financial goals with stability and peace of mind.