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Bank of MaharashtraFixed Deposit

2.75% -4.90%
Interest rates
3 months to 10 years
Time Period
1000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Bank of Maharashtra

The Bank of Maharashtra is a significant Indian government-owned bank that is controlled by the Ministry of Finance. As of March 25, 2021, the bank had 15 million clients and 1,900 locations around the country. It has the most branch network of any public sector bank in the state of Maharashtra. Bank of Maharashtra provides a variety of FD accounts intending to help its clients to produce substantial returns on their investments at a set interest rate and for a predetermined duration. Simultaneously, these FDs assist individuals in maintaining liquidity. Bank of Maharashtra FDs serve the twin aim of providing consistent savings as well as consistent income.

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Started On1935
Head QuartersPune
CRISIL RatingNA
CEOA. S. Rajeev
Listed on exchange asBank of Maharashtra
ICRA RatingNA

Latest Bank of Maharashtra Interest Rates

TenureRegular customersSenior citizens
7 days - 45 days
2.75%
3.25%
46 days - 90 days
3.25%
3.75%
91 days - 119 days
3.50%
4.00%
120 - 180 days
3.75%
4.25%
181 - 270 days
4.00%
4.50%
271 - 364 days
4.25%
4.75%
365 days (1 year)
4.90%
5.40%
Over 1 year - 2 years
4.90%
5.40%
Over 2 years - 3 years
4.90%
5.40%
Over 3 years - 5 years
4.90%
5.40%
5 years & above
4.90%
5.40%

Features & Benefits of Bank of Maharashtra

  • There is a nomination facility provided (not for accounts in the name of a minor)
  • Accounts can be moved between the Bank of Maharashtra branches.
  • Deposits are accepted in multiples of Rs. 100. (plus min. deposit amount of Rs. 1000)
  • Individuals (own or children), joint depositors, businesses, clubs, and so forth can open accounts.

Types of Bank of Maharashtra Schemes

Monthly Interest Deposit Scheme
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Tax Saving Term Deposit
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Quarterly Interest Deposit Scheme
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Medium-Term Deposits
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Long-Term Deposits
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Term-wise interest rates

Short-Term Deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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SBI Bank
3 Months - 10 Years
2.90% - 5.40%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
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ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
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Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
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IDBI Bank
3 months - 20 years
2.70% - 4.80%
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Indian Bank
3 months - 10 years
2.90% - 5.25%
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UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
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Bank of India
3 months - 10 years
2.85% - 5.15%
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Post Office
1 year - 5 years
5.50% - 6.70%
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Union Bank of India
3 months - 10 years
3.00% - 5.60%
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RBL Bank
3 months -20 years
3.25% - 6.00%
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Indian Overseas Bank
3 months - 10 years
3.40% - 5.20%
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IDFC First Bank
3 months - 10 years
2.75% - 4.20%
More Details
LIC
1 Year - 5 Years
5.25% -6.00%
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Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Co-operative Banks
1 Year -5 Years
6.00% - 6.35%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
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AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
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Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
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HSBC Bank
7 days - 5 years
2.25% - 4.00%
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Shriram Transport Finance
1 year - 5 years
7.01% - 7.95%
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Tamilnad Mercantile Bank
3 months - 10 years
3.50% - 5.50%
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IndusInd Bank
3 months - 10 years
2.50% - 5.50%
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Central Bank of India
3 months - 10 years
2.75% - 5.00%
More Details
Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
More Details
DHFL
1 year - 10 years
8.25% - 8.95%
More Details
DCB Bank
3 months - 10 years
4.35% - 5.95%
More Details

FAQs

Who should fill out Form 15G/15H?

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What happens if your PAN isn't updated in your bank's records?

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What are the highest Bank of Maharashtra fd rates 2021 available?

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Do older citizens receive any additional benefits when investing in Bank of Maharashtra FD Schemes?

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 Is it possible to open a Bank of Maharashtra Fixed Deposit without a PAN card?

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What documents do I need to open the FD?

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 Can I withdraw the investment before maturity?

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Calculate Bank of Maharashtra FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Bank of Maharashtra
0
@4.9% p.a
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online upto 0%
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