Bank of Maharashtra offers RDs with rates around 5.25 % for 1‑year tenures and 5.00 % for 5‑year tenures. Senior citizens get an extra 0.50 % for tenures over 91 days. Minimum monthly instalments can start from ₹50. Always check the bank’s website for updated RD rates and penalty conditions.
Bank of Maharashtra RD Rate Snapshot
| Tenure | Approx. RD rate |
|---|---|
| 1 year | 5.25 % |
| 3 years | 5.10 % |
| 5 years | 5.00 % |
Given the modest returns, compare these rates with other banks or small finance banks for potentially higher yields.
