Maharashtra Savings Account Rates: up to 2.75%

Maharashtra's best Savings Account rate is 2.75% (All balances), 2.25 points below the best on the market (5.00%).

Tenure	General	Senior	Applies to	Effective On	Source
Any tenure	2.75%	2.75%	All balances	19 Oct 2026	official fetched 18 Sept 2026 ✓ verified 19 Oct 2026

Higher Savings Account rates than Maharashtra

4 nationwide banks pay more. Top picks:

Private Highest Bandhan 4.85% +2.10% vs Maharashtra Payments Bank Fino 4.50% +1.75% vs Maharashtra Small Finance Jana 4.50% +1.75% vs Maharashtra

See every higher rate →

Maharashtra Savings rate changes

Changes to Maharashtra's savings account 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.

No change to Maharashtra's savings account rates has been recorded since tracking started on 18 Sept 2026.

Maharashtra Savings: frequently asked questions

What is the highest Maharashtra Savings interest rate?

As of 19 Oct 2026, Bank of Maharashtra offers up to 2.75% p.a. on its savings account (All balances) for general customers. Rates below are as published by the bank — confirm with Maharashtra before investing.

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When did Maharashtra last change its Savings rates?

RateScan.in has recorded no change to Bank of Maharashtra's savings account rates since it started tracking them on 18 Sept 2026.

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Is my savings account with Maharashtra insured?

Deposits with Bank of Maharashtra are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).

How current are these Maharashtra rates?

RateScan.in refreshed this dataset on 19 Oct 2026; the bank's rates shown here are effective 19 Oct 2026. Rates can change without notice, so verify on the official Maharashtra website before investing.

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More Maharashtra rates

Maharashtra overview Maharashtra Fixed Deposit rates Maharashtra Recurring Deposit rates Maharashtra NRE FD rates Maharashtra FCNR(B) rates

Savings rates at other banks

ESAF Savings rates IOB Savings rates Jana Savings rates Surat Peoples Bank Savings rates Bandhan Savings rates South Indian Savings rates TNGB Savings rates APCOB Savings rates JSKB Betul Savings rates P&S Savings rates Best Savings rates across all banks

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.

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.

Bank of Maharashtra Savings Account interest rates · October 2026