Mahabank Purple Savings Account
Sl No USP Specially designed SB product for Ultra High Net worth Individuals (UHNIs)
1 Who can open account Resident individuals (sole or joint account) subject to fulfilling eligibility criteria (domestic depositors) of Reserve Bank of India, on compliance of “Know Your Customer(KYC) Guidelines
2 Initial Amount of Deposit Account can be opened with zero balance.
3 Minimum Balance Minimum Monthly Average Balance (MAB) - Rs. 3,00,000/-
4 Personal Assistance Special assistance of Relationship Manager
5 Personal Air Accident Death Insurance Cover Rs. 50,00,000/- Free of Cost
6 Personal Accidental Death Insurance (PAI) Cover Rs. 10,00,000/- Free of Cost
7 Cheque book facilities 200 free Personalized Cheque leaves per annum
8 ATM Cum VISA Debit Card Free specially designed personalized ATM-cum-Debit card (No maintenance charges).
9 No. of Transactions at ATM Free unlimited Debit Card transactions at ATM of any Bank.
10 Loss / Fraud Protection on Debit Card 30 days protection against loss / theft of cards upto Rs.1.00 lacs.
11 Higher Transaction Limit on Debit Card (per day) Rs. 1,00,000 at ATMs
Rs. 1,00,000 at Point of Sale (POS)
12 Credit Card FREE (100% concession on annual maintenance charge) BoM-SBI co-branded Gold Credit Card;
50% concession in maintenance charge of BoM-SBI co-branded Platinum Credit Card for the first year
13 Internet Banking Free Internet Banking Facility
14 NEFT/ RTGS Free unlimited NEFT/RTGS remittances
15 Demand Draft Unlimited free Demand Draft.
16 Tax payment through ATM & Internet Banking Free
17 Demat Account AMC Free for 1 st year and 50% of AMC waived from Year 2
18 Other Service Charges 50% concession in processing fee of retail loans.



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.