Bank FD Comparison Tool
ICICI Bank vs Bank of Maharashtra Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between ICICI Bank (Private Sector) and Bank of Maharashtra (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
ICICI
Private Sector
VS
Bank of Maharashtra
Public Sector
ICICI: Min ₹5,000
Bank of Maharashtra: 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
₹5,000₹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) -ICICI: % |Bank of Maharashtra: %
Side-by-Side Rate Comparison
Direct comparison of general rates
ICICI
Bank of Maharashtra
Highlighted = Your selected tenure
Feature Comparison
Features | ICICI Private Sector | Bank of Maharashtra Public Sector |
|---|---|---|
Minimum FD Amount | ₹5,000 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
ICICI Bank
Private Sector Bank
Key Advantages:
Strong digital platform
Wide product range
Instant loan approvals
Excellent mobile app
Global presence
Bank of Maharashtra
Public Sector Bank
Key Advantages:
Government-owned public sector bank
Established in 1935, serving Maharashtra and beyond
Special schemes: 400 days (6.50%), 500 days (6.55%), 600 days (6.50%), Green Deposit 1777 days (6.05%)
Wide branch network across India
Online FD booking facility
Senior citizens get +0.50% additional interest
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 ICICI (₹5L) + Bank of Maharashtra (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine ICICI (convenience) with Bank of Maharashtra (security)
💡 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 ICICI If:
- •Minimum amount: ₹5,000
- •Private Sector banking preference
- •Strong digital platform
- •Wide product range
- •Instant loan approvals
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: 400 days (6.50%), 500 days (6.55%), 600 days (6.50%), Green Deposit 1777 days (6.05%)
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use ICICI for convenience
- •Use Bank of Maharashtra for stability
- •Review rates periodically
Explore more FD comparisons
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