Bank FD Comparison Tool
State Bank of India vs Bank of Maharashtra Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between State Bank of India (Public Sector) and Bank of Maharashtra (Public Sector).
SBI
Public Sector
VS
Bank of Maharashtra
Public Sector
SBI: Min ₹1,000
Bank of Maharashtra: Min ₹1,000
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) -SBI: % |Bank of Maharashtra: %
Side-by-Side Rate Comparison
Direct comparison of general rates
SBI
Bank of Maharashtra
Highlighted = Your selected tenure
Feature Comparison
Features | SBI Public Sector | Bank of Maharashtra Public 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 |
State Bank of India
Public Sector Bank
Key Advantages:
Largest branch network in India
Government backing and security
Online FD booking available
Competitive interest rates
Easy premature withdrawal
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 SBI (₹5L) + Bank of Maharashtra (₹5L)
For ₹15 lakhs: Add a third bank to the mix
💡 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 SBI If:
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Largest branch network in India
- •Government backing and security
- •Online FD booking available
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
- •Compare rates before investing
- •Consider branch convenience
- •Review rates periodically
Explore more FD comparisons
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