Bank of Maharashtra Interest Rates on FD, Dec 2016

Fixed Deposit Interest Rate of Bank of Maharashtra

Last Updated 28th Nov 2016
    Read Latest News on Bank of Maharashtra Here
  • Bank of Maharashtra offers FD interest rates upto % per annum.
  • Interest on deposits with Bank of Maharashtra is typically compounded quarterly.
  • Bank of Maharashtra accepts deposits starting at Rs. 100 for various tenures.
  • For senior citizens (age more than 60 years), Bank of Maharashtra offers higher interest rate over and above rates mentioned below.
Calculate Bank of Maharashtra
FD Maturity Amount

Bank of Maharashtra Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw 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 - Find Bank of Maharashtra Branches here

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  • Bank of Maharashtra FD rates with other 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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