Purpose :

To enable people belonging to “bottom of the pyramid” (Low income group) to open an account with the Bank.

Who can open these account :

Any individual who falls in the category of below poverty line (BPL) can singly / jointly open the account. The joint account holder should also belong to BPL category. Minors from BPL family are also eligible to open an account.

In case the customer is unable to give any documentary proof of identity & address, to the satisfaction of the bank, the account can be opened with the introduction from existing account holder who has been subjected to full KYC procedure & having satisfactory operations in the account over six months. Subject to condition that balance in all accounts taken together should not exceed Rs. 50000/- & credit summation Rs. 1 lakh during the year.

Initial amount:

Account can be opened with any amount. It can be as low as Rs. 1/- (Rs. One only).

Other important criteria :

  • Minimum balance criterion is not applicable to this scheme. So no service charges to be debited for want of minimum balance.
  • One chequebook of 10 pages allowed free of cost.
  • Collection of third party cheques is not permitted.
  • Collection of outstation cheques, issuance of DD/MT/TT¬ permissible at normal charges.
  • VISA/INSTA ATM- cum- Debit card facality available to new & existing accounts for the scheme.

Rate of Interest :

As applicable for normal savings bank accounts.
All other criteria applicable to regular savings bank accounts would apply to this scheme too.
Relaxed KYC norms are applicable to this scheme.

 
 
 
 
Udyami Mitra
Attention NRI Customers
Integrety Pledge by CVC

User Manual - UPI
Is your Bank Account KYC compliant?
Locate Branch/ATM
Bank's Willful Defaulters
Rupay Debit Card Offers

Processing fee waived off on Housing Loan & Vehicle Loan w.e.f. 01.09.2017 to 31.12.2017

Revised Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 07.09.2017

Amendment to service charges of notification dated 01-02-2016, w.e.f. 01-08-2017

SMS Charges w.e.f. 01/07/2017

FAQs International Debit Card

A Little extra care makes your online transactions more secure

Account Portability : Transfer of account from one branch to another branch in the Bank

Bank's Codes of Commitments to Customers

List of branches authorized for opening of PPF Account

RBI Monetary Museum - Reserve Bank of India

General Information about the Museum
List of Specialized Branch
State wise Holiday
Visitor Counter
Stats
IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.