Bank FD Comparison Tool
Bank of Maharashtra vs Slice Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Bank of Maharashtra (Public Sector) and Slice Bank (Private Sector). Analyze the security of public sector banking versus the convenience of private sector services.
Bank of Maharashtra
Public Sector
VS
Slice Bank
Private Sector
Bank of Maharashtra: Min ₹1,000
Slice Bank: Min ₹1,000
Security vs Convenience
DICGC Insured up to ₹5 Lakhs
Compare Your FD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Lakhs rupees
₹1,000₹20,00,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -Bank of Maharashtra: % |Slice Bank: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Bank of Maharashtra
Slice Bank
Highlighted = Your selected tenure
Feature Comparison
Features | Bank of Maharashtra Public Sector | Slice Bank Private Sector |
|---|---|---|
Minimum FD Amount | ₹1,000 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Bank of Maharashtra
Public Sector Bank
Key Advantages:
Government-owned public sector bank
Established in 1935, serving Maharashtra and beyond
Special schemes: 100 days (6.05%), 1177 days Maha Laxmi Deposit (6.00%)
Wide branch network across India
Online FD booking facility
Senior citizens get +0.50% additional interest
Slice Bank
Private Sector Bank
Key Advantages:
Digital-first bank
Competitive interest rates
Digital banking services
Online FD booking facility
Auto-renewal facility available
Senior citizens get additional interest (varies by tenure)
Rates applicable for deposits up to ₹3 Crore
Interest compounded quarterly
Rates effective from September 17, 2025
Special rate for 18 months 1-2 days tenure (7.75%)
Important: Fixed Deposit Safety & Insurance Coverage
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between Bank of Maharashtra (₹5L) + Slice Bank (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine Bank of Maharashtra (security) with Slice Bank (convenience)
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
Choose Bank of Maharashtra If:
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Government-owned public sector bank
- •Established in 1935, serving Maharashtra and beyond
- •Special schemes: 100 days (6.05%), 1177 days Maha Laxmi Deposit (6.00%)
Choose Slice Bank If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Digital-first bank
- •Competitive interest rates
- •Digital banking services
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use Bank of Maharashtra for stability
- •Use Slice Bank for convenience
- •Review rates periodically
Explore more FD comparisons
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