Eligibility

Any individual can open savings bank account singly or jointly. SB Account of minors can be opened jointly with natural guardian/legal guardian. The applicant should furnish identity and address proof as given in account opening form (CIF for individuals), two photographs & PAN number/Form No. 60/61 while opening new 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 for over six months.

Minimum banlance in the account


Minimum balance should be maintained in the account ON MONTHLY AVERAGE basis. IF monthly average minimum balance in the account is not maintained, service charges will be levied once in every month.

Please click here for details of minimum balance and charges.

Minimum balance condition is not applicable for 'Pension' and 'No Frills' category accounts

Nomination

Nomination facility is available.

Interest

Bank will pay interest on DAILY PRODUCTS in the account (i.e. on daily balance) on quarterly basis payable on end of every quarter. Present interest rate is 4.0% p.a. simple.

Other Benefits

  1. The account holder/s can give standing instructions for transfer of funds from the account to any another account/s, make payment of electricity bills, Insurance Premium, Telephone bills, taxes, loan installments etc. Charges applicable are furnished in Service Charges Schedule available in every branch and also on Bank's website.
  2. Telebanking facility, SMS Banking facility, Mobile banking facility and Internet Banking are available.
  3. TDS is not applicable for interest earned on the account.
  4. Free Mahabank VISA ATM/Debit Card.
  5. Deposit Insurance Cover upto Rs. 1.00 lac.

Special Saving Accounts


Mahabank Yuva Yojana
Maha Bank Lok Bachat Yojana
Mahabank Swasthya Yojana
NRI Ordinary Account
NRI External Account
 
 
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 07.11.2017

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.