Rates verified from official source

Bank of Maharashtra interest rates · November 2026

Top FD rate
6.65%
400 days · 400-day special
Senior citizen FD
7.15%
400 days · 400-day special
Top RD rate
6.40%
365 days/ One Year
Savings rate
2.75%
All balances
Top NRE FD rate
6.65%
400 days
Top FCNR(B) rate
5.20%
USD · 1 year to less than 2 years

Maharashtra FD rates

1 year6.40%Senior 6.90%3 years5.25%Senior 5.75%5 years5.00%Senior 5.50%
All tenures, calculator and comparison →

What will my FD earn at Maharashtra?

Estimated value after 1 year · before tax ₹5,32,776 6.40% p.a. · ₹32,776 interest · quarterly compounding
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Plan your recurring deposit at Maharashtra

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

Bank of Maharashtra (Maharashtra) is a nationalised public sector bank, headquartered in Pune, established in 1935. Its headline 1-year FD rate of 6.40% is 0.15% above the public sector average of 6.25%, ranking #710 of 1033 banks on RateScan.in.

Headquarters
Pune
Established
1935
Branches
~2,500 approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
18.43%
Capital adequacy
Net NPA
0.20%
Bad loans (net)
Credit rating ICRA, Infomerics, Brickwork
AA+
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 18 Jun 2026, verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names Bank of Maharashtra, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹32.50 lakh

    RBI's reason: “for non-compliance with certain provisions of directions issued by RBI on ‘Credit information reporting in respect of Self Help Group members’ and ‘Know Your Customer’”

    What RBI found

    “The bank did not report Self Help Group member level data to Credit Information Companies; and The bank did not identify Beneficial Owners in certain accounts.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/2114

  2. RBI fined the bank ₹31.80 lakh

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’”

    What RBI found

    “The bank did not adhere to certain regulatory requirements in respect of several deposit accounts opened using Aadhaar OTP based e-KYC, in non-face-to-face mode.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/242

  3. RBI fined the bank ₹1,27,20,000

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Loan System for Delivery of Bank Credit’, ‘Cyber Security Framework in Banks’ and ‘Know Your Customer’”

    What RBI found

    “The bank (i) failed to ensure that the minimum outstanding ‘loan component’ was, at least, the specified percentage of the sanctioned fund based working capital limit for certain borrowers, (ii) failed to implement fraud risk management system across all delivery channels (iii) had allotted multiple customer identification code to certain customers instead of a Unique Customer ldentification Code (UCIC) for each customer and (iv) had allowed operations in certain small accounts that did not meet the regulatory requirement.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreement entered into by the bank with its customers.”

    RBI press release 2024-2025/917

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

2,857 branches in 554 districts

Most branches: Pune 228, Mumbai 89, Thane 89

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

Maharashtra Fixed Deposit rate changes

Changes to Maharashtra's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

11 Nov 2026
▲ 6 raised+0.03 to +0.38 pp
  • Above 1 year to 2 years · Above ₹10 crore to ₹100 crore · General7.25% → 7.63% 0.38 pp
  • Above 1 year to 2 years · Above ₹100 crore to ₹400 crore · General7.25% → 7.63% 0.38 pp
  • Above 1 year to 2 years · Above ₹400 crore · General7.25% → 7.63% 0.38 pp
Show all 6 changesShow fewer
  • Above 1 year to 2 years · Above ₹10 crore to ₹100 crore · General7.65% → 7.68% 0.03 pp
  • Above 1 year to 2 years · Above ₹100 crore to ₹400 crore · General7.65% → 7.68% 0.03 pp
  • Above 1 year to 2 years · Above ₹400 crore · General7.65% → 7.68% 0.03 pp
Bank's rate page ↗

See all Maharashtra rate changes →

Credit rating

What independent credit rating agencies say about Bank of Maharashtra. Every rating links to the document it comes from, so you can check it yourself.

AA+
Headline rating
Basel III Tier II bonds · ICRA, Infomerics, Brickwork · Stable
High safety: very low credit risk
Latest rating action: 21 Jul 2026
AgencyInstrument RatingOutlook PublishedSource
ICRA Basel III Tier II bonds ₹2,000 cr AA+ Stable Reaffirmed
21 Jul 2026
 Agency rationale
Infomerics Basel III Tier II bonds
Series rated AA+; older series rated AA
 AA+ Stable Reaffirmed
11 Mar 2026
 Exchange filing
Brickwork Basel III Tier II bonds AA+ Stable Reaffirmed
22 Jan 2026
 Exchange filing
ICRA Infrastructure / long-term bonds ₹10,000 cr AA+ Stable Reaffirmed
21 Jul 2026
 Agency rationale

Note: Earlier versions of this page showed AAA. The 2026 agency actions in the bank's filings are AA+.

How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 2 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Bank of Maharashtra are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • Maharashtra is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 0.50% p.a. more than general customers at Maharashtra, depending on the tenure.
  • Maharashtra's FD table includes 3 special schemes; check eligibility and end dates.
official Effective 18 Jun 2026 · Ingested 3 Oct 2026 · Verified 13 Nov 2026 · View source

Informational only. Always confirm the current rate on the official Maharashtra website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.