Bank of Maharashtra Special FD Schemes 2025

What are Bank of Maharashtra Special FD Schemes 2025 ?

Bank of Maharashtra offers a variety of special fixed deposit schemes with unique tenures, features, and benefits. Some of the key schemes include the Green Deposit FD Scheme and the Double Deposit FD Scheme. The Green Deposit scheme focuses on environmentally conscious investments, while the Double Deposit scheme offers enhanced returns over a fixed tenure. Each of these schemes provides competitive Bank of Maharashtra FD rates, catering to different investment preferences.

Bank of Maharashtra Special FD Schemes Rates

Bank of Maharashtra special fixed deposit schemes offer competitive interest rates, higher than regular savings accounts. Senior and super senior citizens can avail of even better rates. Below are the latest FD interest rates for Bank of Maharashtra's special fixed deposits for amounts up to ₹3 crore:

Bank of Maharashtra 400 Days FD Interest Rates

The 400 Days FD is a special short-term deposit scheme that offers competitive interest rates and a fixed return structure for investors opting for a defined tenure.

*Bank of Maharashtra FD rates w.e.f. October 29, 2025

Bank of Maharashtra 444 Days FD Interest Rates

This is a medium-term fixed deposit with a unique 444-day tenure, which is approximately 1.2 years, offering higher returns compared to regular FDs.

*Bank of Maharashtra FD rates w.e.f. October 29, 2025

Bank of Maharashtra 500 Days FD Interest Rates

Bank of Maharashtra’s 500-day Special FD scheme offers competitive interest rates, providing a secure and rewarding investment option for savings.

*Bank of Maharashtra FD rates w.e.f. October 29, 2025

Bank of Maharashtra Green Deposit FD Scheme Interest Rates

Bank of Maharashtra’s 1777-day Green Deposit FD scheme offers competitive interest rates, providing enhanced returns on environmentally sustainable investments. Below are the current rates for this special tenure:

*Bank of Maharashtra FD rates w.e.f. October 29, 2025

Bank of Maharashtra Double Deposit FD Scheme

Bank of Maharashtra’s Double Deposit FD scheme offers interest rates for a tenure of 116 months, providing a structured option for long-term investment.

*Bank of Maharashtra FD rates w.e.f. October 29, 2025

Illustrations for Bank of Maharashtra Special FD Schemes

To understand how the final returns are calculated for Bank of Maharashtra's special FD schemes, let's look at the interest calculation methods for schemes like the 444-day FD and the Double Deposit FD Scheme: 

Illustration 1: Bank of Maharashtra 444 Days FD

The Bank of Maharashtra 444 Days FD is a special fixed deposit scheme that provides attractive returns for a short-to-medium investment period. With a tenure of 444 days, this scheme is suitable for customers seeking higher interest rates without committing to a long-term investment.

For a customer who invests ₹1,00,000 in this scheme for 444 days, the returns are calculated as follows:

Simple Interest Calculation (General Citizen, 6.20%):SI = (₹ 1,00,000 × 6.20 × 1.22) / 100 = ₹7,564Maturity Amount = ₹1,00,000 + ₹7,564 = ₹1,07,564

Compound Interest Calculation (Quarterly Compounding, 6.20%):A = ₹ 1,00,000 × (1 + 0.062/4)^(4 × 1.22)A ≈ ₹1,07,801.76Compound Interest = ₹1,07,801.76 – ₹1,00,000 = ₹7,801.76

Illustration 2: Bank of Maharashtra Double FD Scheme

The Bank of Maharashtra Double Deposit FD Scheme is a long-term fixed deposit plan designed for investors who prefer to lock in their funds for a longer period to earn higher returns. This scheme offers a structured investment option with the benefit of regular interest accumulation over an extended tenure.

For an investment of ₹2,00,000 with a tenure of approximately 9 years and 8 months (116 months), at an interest rate of 6.10% per annum for general citizens, the maturity value is expected to be around ₹4,00,000.

Key Features of Bank of Maharashtra Special FD Schemes

Bank of Maharashtra offers a range of special fixed deposit schemes, each with unique features and conditions tailored to suit various investment needs. The key features of these schemes include:

• Minimum Deposit Requirement: The minimum deposit required for most special FD schemes at Bank of Maharashtra is ₹1,000. After the initial deposit, additional investments can be made in flexible multiples, offering convenience and flexibility for investors.
• Loan Against FD Facility: Customers can avail the Bank of Maharashtra loan against FD facility under its special deposit schemes, borrowing up to 90% of the deposit amount. This allows access to funds in times of need while the fixed deposit continues to earn interest until maturity.
• Deposit Types: Bank of Maharashtra offers both cumulative and non-cumulative options for all special FD schemes. Customers can choose to reinvest their interest until maturity for maximum returns, or they can opt for regular interest payouts depending on their financial requirements.
• Auto Renewal or Closure: Customers have the flexibility to set their deposits for automatic renewal or closure upon maturity, based on their preferences. This feature ensures convenience in managing investments, allowing for seamless continuation or withdrawal as per the customer’s needs.

Wrapping Up

Bank of Maharashtra offers a variety of special FD schemes, including the 400 Days FD, 444 Days FD, and 1777 Days Green Deposit FD, with interest rates ranging from 6.10% to 6.65%. These schemes provide flexibility with both cumulative and non-cumulative options, and senior citizens enjoy additional benefits. With features like loan facilities against FD and the option for premature withdrawal, they offer a secure and rewarding investment option for both short-term and long-term investors.