Bank of Maharashtra Savings Account Opening Online
Bank of Maharashtra offers a range of savings accounts to suit the diverse needs of its customers. Opening a Bank of Maharashtra savings account is a simple and convenient process, whether you choose to do it online or offline.
Bank of Maharashtra Bank Savings Account Types
Bank of Maharashtra offers various types of savings accounts such as –
- Mahabank Savings Bank Scheme
- Yuva Yojana
- Lok Bachat Yojana
- Royal Saving Account
- Purple Savings Account
- Salary account
- Supreme Payroll Scheme
- Mahabank Salary Account Scheme
Each type of account is designed with its own set of features and benefits to meet diverse customer needs.
Bank of Maharashtra Savings Account Online
Opening a Bank of Maharashtra savings account online is quick and easy. Just follow the simple steps pointed out below.
- Visit the Bank of Maharashtra's official website and click on “Online SB Opening Application”.
- Fill in the necessary details.
- Upload the required documents.
- Your account will be activated upon receiving approval.
Bank of Maharashtra Savings Account Offline
Follow the steps listed below to open a savings account with the Bank of Maharashtra using the offline mode.
- Visit your nearest branch of the Bank of Maharashtra
- Collect, fill up the necessary details and submit the account opening application form.
- Submit all the photocopies of the required documents and show the original documents to validate the same. All the documents must be in compliance with the KYC requirements.
- Your account will be activated upon receiving approval from the bank officials.
Eligibility Criteria for Bank of Maharashtra Savings Account
To open a savings account with the Bank of Maharashtra, you need to meet certain eligibility criteria such as –
- You must be an adult i.e. above 18 years of age
- Minors can jointly open a savings account with their natural/legal guardian
- Your identity and address proof must be furnished
- You must possess a valid PAN card/ Form no. 60/61
- Two recent photographs
Documents required for for Bank of Maharashtra Savings Account
When opening a Bank of Maharashtra savings account, you will need to provide certain documents. The documents required for the Bank of Maharashtra savings account opening are as follows:
- Valid age proof such as an Aadhaar card, voter identity card, ration card, etc
- Address proof such as passport, voter ID card, Aadhaar card, utility bills, etc
- Identity proof like Driving licence, PAN card, passport, etc
- Income tax declaration form/ Form 60/61
- Income proof such as salary slips or bank account statements
- Two passport-size photographs
- Joint account applicants must submit all the documents and ID proofs for both applicants. A relationship proof between both applicants must also be submitted. Proof of address of the primary account holder is sufficient.
- Hindu undivided families must also submit a declaration from the Karta along with a valid Pan Card/ Form 60.
Bank of Maharashtra Savings Account Charges
Bank of Maharashtra charges a nominal fee for various services related to savings accounts such as ATM transactions, cheque book issuance, and fund transfers. It is advisable to familiarise yourself with the charges to manage your account effectively.
| Particulars | Applicable Charges | |
| Classic Rupay and Visa Contactless cards: NIL Rupay Platinum Card: Rs. 150 Rupay Select Card: Rs. 400 | |
| Rs. 15 per quarter | |
| 20 free leaves per annum. Post that, Rs. 5 per cheque leaf or Rs.100 for cheque book consisting of 20 cheque leaves | |
| Metro & Urban: Monthly Average balance Rs. 2,000 | |
| >=Rs. 1,000 to <Rs. 2,000 | Rs. 38 per month | |
>=Rs. 500 to <Rs. 1,000
| Rs. 56 per month | |
>=Rs.0 to <Rs. 500
| Rs. 75 per month | |
| Semi-urban: Monthly Average balance Rs. 1,000 | ||
| >=Rs. 500 to <Rs. 1,000 | Rs. 25 per month | |
| >=Rs. 250 to <Rs. 500 | Rs. 38 per month | |
| >=Rs. 0 to <Rs. 250 | Rs. 50 per month | |
| Rural Branches: Monthly Average balance Rs. 500 | ||
| >=Rs. 250 to <Rs. 500 | Rs. 10 per month | |
| >=Rs. 125 to <Rs. 250 | Rs. 15 per month | |
| >=Rs. 0 to <Rs. 125 | Rs. 20 per month | |
| Royal Savings bank account: Rs. 400 per month | ||
| Purple savings bank account: Rs. 1000 per month | ||
Bank of Maharashtra Savings Account Limit
There is a limit on the maximum amount that can be transacted through a Bank of Maharashtra savings account. This limit varies depending on the type of account you hold.
| Particulars of ATM Usage | Consequences |
| Through the Bank's ATM | First 5 transactions: NIL Post that: Financial: Rs. 21 per transaction Non-financial: NIL |
| Other Bank’s ATM | First 5 transactions: NIL (Except in six metro cities – Mumbai, New Delhi, Chennai, Kolkata, Bangalore and Hyderabad. First 3 transactions are free in metro cities)
Post that: Financial: Rs. 21 per transaction Non-financial: Rs. 10 per transaction
Declined transaction due to insufficient funds: Rs. 20 per transaction
|
| Visa International | Financial: Rs. 150 per transaction + 2% of the transaction amount Non-financial: Rs. 34 for balance inquiry |
| POS at petrol pump/ railway counter | 2.5% of transaction amount (Maximum Rs. 10) |
Bank of Maharashtra Savings Account Customer Care Number
If you have any queries or need assistance with your Bank of Maharashtra savings account, you can contact the bank's customer care number at 1800 233 4526 and 1800 102 2636 for prompt support and guidance.
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4. Union Bank Savings Account Opening Online & Offline
5. Bank of Baroda Savings Account Opening Online
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Frequently Asked Questions
Quick Summary
Bank of Maharashtra offers various savings account types catering to different needs. One can open an account online or offline by following simple steps and providing necessary documents. The bank charges nominal fees for services like ATM transactions and emphasises the importance of maintaining minimum balance. There are limits on ATM transactions depending on the type of account. Customers can contact customer care for assistance.
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