What is the highest Bank of Maharashtra FD rate for senior citizens?

The highest Bank of Maharashtra Senior Citizen FD rate is 6.90% p.a. on deposit for the tenure of 365 Days.

Is Bank of Maharashtra FD Safe for Senior Citizens?

Bank of Maharashtra fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from a Bank of Maharashtra FD?

Yes, Bank of Maharashtra offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open a Bank of Maharashtra Senior Citizen FD?

The minimum amount required to open a Bank of Maharashtra Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Bank of Maharashtra Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Bank of Maharashtra Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Bank of Maharashtra Senior Citizen Fixed Deposit Rates

Name: Bank of Maharashtra Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.9 (12846 reviews)

Bank of Maharashtra offers attractive FD rates for senior citizens ranging from 3.10% to 6.90% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Bank of Maharashtra Senior Citizen FD rates.

Bank of Maharashtra Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	6.90%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available
Loan Against FD	Up to 90% of the fixed deposit amount.

Bank of Maharashtra Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of Bank of Maharashtra Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options.

Tenure	Senior Citizen FD Rates (per annum)
7- 30 days	3.10%
31-45 days	3.25%
46-90 days	4.25%
91-119 days	4.50%
120-180 days	5.25%
181 - 270 days	5.50%
271 - 364 days	5.75%
365 days/ One Year	6.90%
Above 1 year to 2 years	6.65%
Above 2 years to 3 years	5.75%
Above 3 years to 5 years	5.50%
Above 5 years	5.50%

Use the Bank of Maharashtra FD Calculator below to estimate the maturity amount and interest earned on your Bank of Maharashtra fixed deposit based on your investment amount, tenure, and applicable FD rate.

Bank of Maharashtra Senior Citizen FD Rates (Above ₹3 Crore)

Bank of Maharashtra offers a separate set of FD interest rates for senior citizens looking to invest more than ₹3 crore, depending on the tenure. Here is a quick breakdown of senior citizen FD rates above 3 crore-

Tenure	Senior Citizen FD Rates (per annum)
7- 30 days	3.10%
31-45 days	3.25%
46-90 days	4.25%
91-119 days	4.50%
120-180 days	5.50%
181 - 270 days	5.75%
271 - 364 days	6.25%
365 days/ One Year	6.90%
Above 1 year to 2 years	6.70%
Above 2 years to 3 years	6.00%
Above 3 years to 5 years	5.75%
Above 5 years	5.75%

Compare Bank of Maharashtra Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Bank of Maharashtra for specific tenures. The table below compares Bank of Maharashtra senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Bank of Maharashtra	6.90% (365 Days)
Shivalik Small Finance Bank	8.50% (23 to 27 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (2 to 3 Years)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (2 to 3 Years)
Slice Small Finance Bank	7.75% (18 Months 1 day to 18 Months 2 day
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
Bank of India	7.60% (3 years)
ICICI Housing Finance	7.10% (45 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.25% (555 Days)

Frequently Asked Questions