Bank of Maharashtra Fixed Deposit Calculator

The Bank of Maharashtra Fixed Deposit (FD) Calculator is a digital tool that helps customers estimate the maturity amount of their FD investment. Users can calculate how much their investment will grow over a specified period by entering details such as the deposit amount, tenure, and applicable interest rate. This helps in making informed financial decisions based on expected returns.

Steps to Use the Wishfin Bank of Maharashtra Fixed Deposit Calculator

• Visit the Calculator - Navigate to the Bank of Maharashtra Fixed Deposit Calculator on Wishfin.
• Enter the Deposit Amount - Put the amount you want to invest. The calculator accepts amounts ranging from Rs 500 to Rs 1 crore.
• Select the Interest Rate - Choose the applicable interest rate. The calculator allows rates between 1.0% and 15.0%.
• Choose the Tenure - Specify the duration of the deposit by selecting the number of days, months, or years.
• View the Results - The calculator will display:
• Total Investment: The principal amount you plan to deposit.
• Interest Amount: The interest you will earn over the selected tenure.
• Total Amount: The combined value of the principal and earned interest, which constitutes the maturity amount.

Advantages of the Bank of Maharashtra Fixed Deposit Calculator

• Quick and Easy to Use - Get instant results by simply entering the deposit amount, interest rate, and tenure.
• Accurate Maturity Calculation - Helps you calculate the exact maturity amount based on current interest rates and compounding frequency.
• Saves Time - Eliminates the need for manual calculations, saving time and reducing errors.
• Helps in Financial Planning - Enables better investment planning by showing how your money will grow over time.
• Free and Accessible Online - Available for free on the official Bank of Maharashtra website, accessible anytime from anywhere.
• Supports Multiple Tenures and Amounts - Allows you to try different combinations of tenures and amounts to choose the most suitable FD plan.

Benefits of Bank of Maharashtra Fixed Deposit

• Guaranteed Returns - Earn fixed and assured returns, helping you reach your financial goals with confidence.

• Loan Against FD - Avail a loan of up to 90% of your FD amount without breaking the deposit. This provides easy liquidity in times of need.

• Nomination Facility- You can add a nominee to your FD account, ensuring smooth transfer of funds in case of unforeseen events.

• Branch Portability- Easily transfer your FD account from one branch to another without closing it prematurely.

Formula for Calculating Bank of Maharashtra Fixed Deposit Return

The formula for calculating the return on a Bank of Maharashtra Fixed Deposit (FD) depends on the type of FD: whether it uses simple interest (for short-term deposits) or compound interest (for most regular FDs). Here’s how both work:

• Simple Interest Formula

Maturity Amount= P+(P×R×T)/100

• P = Principal amount (initial deposit)
• R = Annual interest rate (%)
• T = Tenure (in years)

Compound Interest Formula

Maturity Amount= P×(1+n×100R​)n×T

• P = Principal amount
• R = Annual interest rate (%)
• n = Number of compounding periods per year (usually 4 for quarterly)
• T = Tenure in years

Interest Earned = Maturity Amount - P

Bank of Maharashtra Fixed Deposit Interest Rate 2025

Regular FD Interest Rates (Domestic/NRO)

Here are the most updated and latest Bank of Maharashtra Fixed Deposit interest rates 2025 for Domestic and NRO deposits less than ₹3 crore. Make sure to go through the table for clarity -

Note: The additional interest rate of 0.50% p.a. for senior citizens does not apply to non-resident fixed deposits.

Special Bank of Maharashtra Fixed Deposit Schemes

These have been affected from 01.05.2025

Note:

1. Special FD rates are applicable for deposits of up to ₹10 crore.
2. Senior citizen FD rates are valid only for deposits up to ₹2 crore.