Continue reading for latest Bank of Maharashtra FD rates, eligibility, benefits, and everything you need to make a smarter investment decision.

Term-wise Bank of Maharashtra FD Rates

Bank of Maharashtra offers fixed deposits for multiple tenures: short term, mid term, and long term. Here are the details for your reference:

  • Short Term: You can book an FD with BOM starting from 7 days going up to one year with interest rates ranging between 2.60% and 6.40% for regular citizens. Senior citizens get between 3.10% and 6.90%.
  • Medium Term: You can book an FD for 1 year to less than 5 years with interest rates being 5.00% to 6.15% for general citizens and 5.50%%  to 6.65% for senior citizens.
  • Long Term: You have the option to book an FD for above 5 years with interest rates being 5.00% for general citizens and 5.50% for senior citizens.

Check BOM FD Rates for Senior Citizens Here.

Benefits of Bank of Maharashtra Fixed Deposit Rates

Guaranteed Return on Your Investment: Unlike market-linked instruments, an FD locks in your rate the day you invest. Whatever happens to interest rates or markets afterward, your return is fixed and predictable, useful if you want at least one part of your portfolio that isn't going to surprise you.

Backed by a Public Sector Bank: Bank of Maharashtra is a public sector bank with significant Government of India ownership, which adds a layer of institutional trust that many depositors specifically look for when choosing where to park long-term savings.

Nationwide Branch Network: With a large network of branches across India, Bank of Maharashtra is accessible whether you're in a metro city or a smaller town useful if you ever need in-person assistance or prefer to manage your FD at a branch rather than online.

Nomination Facility: You can nominate a beneficiary at the time of opening the FD, so in the unfortunate event of your passing, the proceeds are transferred to your nominee without unnecessary delay or complication.

Portability Across Branches: Relocating to a new city doesn't mean you have to prematurely close your FD and lose out on your original terms. Bank of Maharashtra allows you to transfer your FD from one branch to another, keeping your tenure and terms intact.

Manage It Digitally: Between Internet Banking and the Mahamobile Plus app, most FD-related tasks opening a new deposit, checking your balance, or tracking maturity can be done without a branch visit.

Eligibility to Avail Bank of Maharashtra Fixed Deposit Rates

Bank of Maharashtra keeps its FD scheme accessible to a broad range of depositors. You're eligible if you fall into any of these categories:

  • Individuals
  • Firms and partnerships
  • Companies
  • Minors with a parent or legal guardian operating the account until they come of age

Documents Required to Avail Bank of Maharashtra Fixed Deposit Rates

  • Passport-size photographs
  • Identity and address proof (PAN card, Aadhaar card, voter ID card, driving license, passport)

You can open an FD with Stable Money-partnered banks with these documents for higher FD interest rates!

Premature Withdrawal of Bank of Maharashtra Fixed Deposit

BOM allows premature withdrawal of fixed deposits; however, a penalty applies to the effective interest rate. The penalty for FDs below ₹1 crore is typically 1%, while for FDs above, the penalty is generally 0.50%. After the penalty is applied, the bank credits the principal and the revised interest to your account.

Tax on Bank of Maharashtra Fixed Deposit Interest

Interest earned on a fixed deposit is treated as taxable income under the Income Tax Act, added to your total income and taxed at your applicable slab rate. Banks deduct TDS (Tax Deducted at Source) once your interest income for the year crosses the threshold prescribed for general depositors and a higher threshold for senior citizens.

If your total income is below the taxable limit, you can submit Form 15G (or Form 15H, if you're a senior citizen) to the bank to avoid TDS deduction. It's worth factoring this in when planning your FD tenure and payout preference, especially for larger deposits.

Bank of Maharashtra Overdraft Against Fixed Deposits

Bank of Maharashtra FD offers an overdraft facility against fixed deposits, where your FD is used as security for a loan. If you find yourself needing funds before your FD matures, you can borrow up to 90% of the deposit's value rather than breaking the FD outright. This way, you get access to liquidity while your original deposit continues to earn interest through to maturity, a useful safety net for unplanned expenses without disrupting your long-term savings plan.

Bank of Maharashtra FD Calculator

You can calculate your returns for the fixed deposit with Bank of Maharashtra by entering your principal amount, interest rate, tenure, and citizen type in the BOM FD calculator below:

How to Open Bank of Maharashtra FD in 2026 Online & Offline

You have three straightforward ways to open an FD with Bank of Maharashtra:

Through Internet Banking 

  • Log in to your Bank of Maharashtra net banking account
  • Navigate to the deposits section
  • Choose the option to open a new fixed deposit. 
  • Enter your investment amount
  • Select your preferred tenure, add nominee details, and confirm
  • Your FD is booked digitally, with the amount debited from your linked savings account.

Through the Mahamobile Plus App
If you prefer managing your finances on the go, the Mahamobile Plus app lets you open, track, and manage your FD directly from your phone. 

  • Download and install the Mahamobile Plus app
  • Open the app 
  • Log in using your mobile number
  • Go to the deposits section
  • Now, choose the option to open a new fixed deposit. 
  • Enter the investment amount
  • Select tenure, add nominee details, and confirm
  • Your FD is booked with the amount debited from your linked savings account.

Open an FD at a Bank Branch

  • Visit your nearest Bank of Maharashtra branch 
  • Carry your KYC documents (identity proof, address proof, and a recent photograph)
  • Fill out the FD application form
  • A bank representative will help you complete the process 
  • Once the FD is booked, they will issue your FD receipt.

Compare Bank of Maharashtra FD Interest Rates with Other Banks

Bank

Highest Rate

Bank of Maharashtra

6.40%
(365 Days)

Shivalik Small Finance Bank

8.00% 

(2 Years)

Suryoday Small Finance Bank

8.10% 

(2 Years 6 Months)

Utkarsh Small Finance Bank

8.10% 

(1 Year 10 Months)

Jana Small Finance Bank

7.77% 

(3 to 5 Years)

Mahindra Finance

7.45%

(48 to 60 Months)

Yes Bank

7.25%
>18 to 24 months)

Indusind Bank

7.00%

(2 to 3 Years)

Slice Small Finance Bank

7.75%
(1 Year 6 Months 1 Day)

Shriram Finance Bank

7.50%

(36 to 60 Months)

Bajaj Finance

7.40%

(31 to 60 Months)

RBL Bank

7.20% 

(18 to 36 months)

Sundaram Finance

7.25%

(36 Months)

Bank of India

6.70% 

(3 years)

ICICI Housing Finance

7.35%

(45 Months)

Kotak Mahindra Bank

6.80% 

(2 to 3 Years)

Canara Bank

6.60%
(555 Days)

ICICI Bank

6.500%

(3 to 5 Years)

SBI

6.40%

(2 to 3 Years)

HDFC Bank

6.50%

(3 to 4 Years 7 Months)

Bank of Baroda

6.75%

(555 Days)

Why Should You Book an FD with Stable Money?

Booking your fixed deposit through Stable Money means you don't need to open a new savings account with the bank just to invest — a big convenience if you're comparing FDs across multiple banks and want to avoid the hassle of managing several accounts. Deposits booked through Stable Money's partner banks are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakh per depositor per bank, in line with RBI guidelines. You also receive a proper FD certificate for your records, keeping the process transparent from booking to maturity.

Download the Stable Money app and earn interest rates of up to 8.50%

Frequently Asked Questions

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