The Bank of Maharashtra savings account offers a secure and convenient way to manage your money while enjoying attractive benefits and banking services. Whether you choose Bank of Maharashtra online saving account opening or offline mode, the process is quick, simple, and designed to suit your banking needs.
Key Highlights of Bank of Maharashtra Saving Account Opening:
- Online: Visit the bank's website, fill in details, upload documents, and complete the verification process.
- Offline: Visit the nearest branch, fill out and submit the application form with KYC documents.
Opening a Bank of Maharashtra savings account online is quick and easy. Just follow the simple steps pointed out below:
Step 1: Go to the official Bank of Maharashtra website.
Step 2: Choose the option “Online SB Account” and select “Open Savings Bank Account”.
Step 3: On the next page, click on “Let’s start” and choose your preferred language.
Step 4: Select the specific branch and account type you want to open.
Step 5: Fill out all personal details on the account opening form, including name, contact number, email address, and others.
Step 6: Once you provide your contact number, you will receive an OTP for verification.
Step 7: Complete the verification process and provide all relevant documents for further verification.
Follow the steps below to open a savings account with the Bank of Maharashtra using the offline mode:
Step 1: Visit your nearest branch of the Bank of Maharashtra
Step 2: Collect the account opening form, fill up the necessary details and submit it to the bank.
Step 3: 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.
Step 4: Your account will be activated upon receiving approval from the bank officials.
Bank of Maharashtra offers various types of savings accounts such as
Each type of account is designed with its own set of features and benefits to meet diverse customer needs.
Click here to the know the details of each Bank of Maharashtra savings account and their minimum required balance.
To open a savings account with the Bank of Maharashtra, you need to meet certain eligibility criteria such as:
The documents required for the Bank of Maharashtra savings account opening are as follows:
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 | |
Debit card issuance |
| |
SMS Alert | Rs. 15 per quarter | |
Cheque leaves | 20 free leaves per annum. Post that, Rs. 5 per cheque leaf or Rs.100 for cheque book consisting of 20 cheque leaves | |
Non-maintenance of Minimum balance | 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 |
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 Rs. 25 for financial and NIL for non-financial transactions |
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 Rs. 21 per transaction for financial and Rs. 10 for non-financial |
Visa International |
|
POS at petrol pump/ railway counter | 2.5% of transaction amount (Maximum Rs. 10) |
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 for prompt support and guidance.
The Bank of Maharashtra saving account opening process is simple and can be done both online and offline. With the option of Bank of Maharashtra savings account opening online and offline, customers can conveniently open an account anytime and enjoy hassle-free banking services.
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