Bank of Maharashtra’s domestic FDs provide modest returns. For deposits under ₹2 crore, interest rates were between 3.00 % and 5.25 % around mid‑2025. Senior citizens received an additional 0.50 % for tenures over 91 days. The bank offers special schemes like Mahalakshmi Term Deposit, Maha Saraswati for minors, and a Tax‑saving Term Deposit.
Bank of Maharashtra FD Rates (Deposits <₹2 Crore)
| Tenure | Rate (general) | Notes |
|---|---|---|
| 7 days – 45 days | 3.00 % | |
| 181 days – <1 year | 4.50 % | |
| 1 year | 5.25 % | |
| 2 years – 3 years | 5.00 % | |
| 5 years | 5.25 % | Tax‑saving FD option |
Bank of Maharashtra’s FD rates are lower than those of private banks and small finance banks. Investors may consider them for safety and government backing but should compare returns with other options.
