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Bank of Maharashtra Interest Rates on FD, Mar 2017

Last Updated 20th Mar 2017

Fixed Deposit Interest Rate of Bank Maharashtra

Tenure General Rates Senior Citizen Rates
7 days to 45 days 4.25% 4.25%
46 days to 90 days 5.25% 5.25%
91 days to 364 days 6.00% 6.50%
1 year 6.50% 7.00%
1 year 1 day to 3 years 6.25% 6.75%
3 years 1 day to 10 years 6.00% 6.50%

Bank of Maharashtra FD Maturity Calculator


Bank of Maharashtra FD Interest Rates

  • Bank of Maharashtra offers FD interest rates upto 7.00% per annum.
  • Interest on deposits with Bank of Maharashtra is typically compounded quarterly.
  • Bank of Maharashtra accepts deposits starting at Rs. 1000 for various tenures.
  • For senior citizens (age more than 60 years), Bank of Maharashtra offers higher interest rate over and above rates mentioned below.

Bank of Maharashtra Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdrawal your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Bank of Maharashtra interest as per applicabe bank policy.

Loan against Bank of Maharashtra FD

  • Bank of Maharashtra offers loan upto 0% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Bank of Maharashtra Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Bank of Maharashtra, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Bank of Maharashtra in your city

About Bank of Maharashtra

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