Bank of Maharashtra Fixed Deposit (FD) Interest Rates 2026 – Latest Rates & Features
Bank of Maharashtra (BoM), a public sector bank, offers secure and flexible Fixed Deposit (FD) schemes in 2026 for customers seeking stable and guaranteed returns. With multiple tenure options and senior citizen benefits, BoM FDs are suitable for both short- and long-term savings.
Here’s a detailed guide covering the latest FD interest rates, features, eligibility, and how to open a Bank of Maharashtra FD.
Bank of Maharashtra FD Interest Rates 2026 – Quick Overview
| Category | Interest Rate (Per Annum) |
|---|---|
| Regular Customers | Typically 6.00% – 7.85% |
| Senior Citizens | Up to 0.50% higher |
| Super Senior Citizens (if applicable) | Additional benefit as per the bank policy |
| Tenure | 7 days to 10 years |
| Minimum Deposit | ₹1,000 |
| Interest Payout | Monthly, Quarterly, Half-Yearly, Annually, or on Maturity |
FD rates are subject to change periodically. Always confirm the latest rate via Bank of Maharashtra Net Banking, mobile app, or branch before investing.
Bank of Maharashtra FD Interest Rates 2026 (Indicative – Tenure Wise)
| Tenure | Regular Rate | Senior Citizen Rate |
|---|---|---|
| 7 – 14 days | 6.00% | 6.50% |
| 15 – 29 days | 6.25% | 6.75% |
| 30 – 90 days | 6.50% | 7.00% |
| 91 – 180 days | 6.75% | 7.25% |
| 6 – 12 months | 7.00% | 7.50% |
| 1 – 2 years | 7.35% | 7.85% |
| 2 – 3 years | 7.60% | 8.10% |
| 3 – 5 years | 7.85% | 8.35% |
| 5 – 10 years | 6.90% | 7.40% |
Rates are indicative for 2026 and may vary based on deposit size and bank scheme.
Example – FD Maturity Calculation
If you invest ₹1,00,000 for 3 years at 7.85% (cumulative option):
- Estimated Interest Earned: ₹25,000 – ₹27,000
- Total Maturity Amount: Around ₹1,25,000 – ₹1,27,000
Actual maturity value depends on quarterly compounding.
You can calculate exact returns using the FD calculator available in Bank of Maharashtra’s online banking platform.
Key Features of Bank of Maharashtra FD
Flexible Tenure Options
Choose tenure from 7 days up to 10 years.
Higher Interest for Senior Citizens
Customers aged 60+ years generally receive 0.50% additional interest.
Loan Against FD
Loan or overdraft facility available up to 75%–90% of the FD value (as per policy).
Premature Withdrawal Facility
Allowed with applicable penalty charges.
Multiple Interest Payout Options
- Monthly
- Quarterly
- Half-Yearly
- Annual
- Cumulative (interest paid at maturity)
Types of FD Schemes Offered
Bank of Maharashtra may offer:
- Regular Fixed Deposit
- Senior Citizen FD
- Tax Saving FD (5-year lock-in under Section 80C)
- Cumulative FD
- Non-Cumulative FD
- Special Term Deposit Schemes (limited-time offers)
Availability may vary in 2026.
Eligibility Criteria
✔ Resident Indian individuals
✔ Senior citizens
✔ Joint account holders
✔ HUF and institutions (subject to bank approval)
NRIs can check NRE/NRO FD schemes separately.
Documents Required
For existing customers with updated KYC:
- No additional documents are usually required.
For new customers:
- Aadhaar Card
- PAN Card (mandatory)
- Address Proof
- Passport-size photograph (for branch application)
How to Open Bank of Maharashtra FD (Step-by-Step)
Method 1: Online via Net Banking (24×7)
- Log in to Bank of Maharashtra Net Banking.
- Go to Deposits → Open FD.
- Enter the deposit amount and choose the tenure.
- Select payout option.
- Confirm nominee details.
- Submit using OTP authentication.
FD confirmation is generated instantly.
Method 2: Through Mobile Banking App
- Open the BoM Mobile Banking App.
- Select Open Fixed Deposit.
- Enter the required details and confirm.
Method 3: Visit Nearest Branch
- Fill the FD application form.
- Submit KYC documents.
- Deposit funds via cheque or transfer.
- Collect the FD receipt.
Branch timings may vary by location.
Taxation Rules (2026)
- Interest earned is taxable as per the income tax slab.
- TDS may apply if interest exceeds the prescribed limits.
- Tax-saving FDs qualify under Section 80C (up to ₹1.5 lakh per financial year).
Is Bank of Maharashtra FD Safe?
Bank of Maharashtra is a public sector bank regulated by the RBI.
Deposits up to ₹5 lakh per depositor, per bank, are insured under DICGC.
Frequently Asked Questions (FAQs)
1. What is the highest FD rate in Bank of Maharashtra in 2026?
A. Typically, around 7.85% for regular customers, higher for senior citizens, depending on tenure.
2. What is the minimum FD amount?
A. Usually ₹1,000.
3. Can I withdraw FD before maturity?
A. Yes, premature withdrawal is allowed, but there is a penalty.
4. Is online FD booking available?
A. Yes, via net banking and mobile banking (24×7).
5. Is a loan against an FD available?
A. Yes, subject to bank rules.
Conclusion
Bank of Maharashtra FD Interest Rates 2026 offer stable, reliable returns with flexible tenures and senior-citizen benefits. Backed by public sector trust and DICGC insurance coverage up to ₹5 lakh, BoM FDs remain a secure option for conservative investors.
Before investing, always confirm the latest interest rates through official Bank of Maharashtra channels for accurate details.
