Bank of Maharashtra FD Calculator

Last Updated 28th Nov 2016
Deposit Amount
Rate of Interest %
Period of Deposit
Interest Compounding Frequency
Bank of Maharashtra
FD Interest Rates

FD Calculator Bank of Maharashtra – Know your maturity amount?

  • Deposit amount
  • Rate of interest
  • FD tenure
  • Compounding frequency
  • TDS applicability and TDS rate

Bank of Maharashtra Fixed Deposit calculator – FD Options

  • In a periodic interest payout option, Bank of Maharashtra would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Bank of Maharashtra cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

Fixed Deposit calculator Bank of Maharashtra – Will TDS be deducted?

  • In case the interest earned by you across all your fixed deposits across all branches of Bank of Maharashtra in a year exceeds 10000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Bank of Maharashtra records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your FD.
  • Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your Bank of Maharashtra FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • Bank of Maharashtra will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

Bank of Maharashtra FD interest rate calculator – Check your city

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of Bank of Maharashtra in your city - Find Bank of Maharashtra Branches here

  • FD Calculator of all banks in India

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News - Dec 2016
12th Jun 16 Bank of Maharashtra books Rs 120 cr loss in Q4
As per the results of Q4FY16, Bank of Maharashtra reported a Net Loss of Rs 119.84 crore due to rise in bad loans. The bank reported a decline in its Total Income reported at Rs 3,566.68 crore in March quarter. Asset quality showed signs of weakening as the Gross NPAs as a percentage to Total Advances increased to 9.34 percent from 6.33 percent in the year ago period. The Net NPAs also increased to 6.35 percent compared to 4.19 percent at the end of March 2015.
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