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Mahabank Salary Account Scheme
The scheme will have following salient features
SN | Features | Mahabank Salary Account Scheme |
|---|---|---|
| 1 | Who can open account | All employees of Central/State Government & State PSUs and Corporate having salary payment arrangement with the bank. (Account of Bank’s own staff members –full time or part time –shall not be opened under this scheme.) |
| 2 | Age (Minimum) | 18 Years |
| 3 | Initial Deposit |
|
| 4 | Minimum balance required |
|
| 5 | No. of Employees | No minimum requirement |
| 6 | Cheque book facilities | 40 Free personalized cheque leaves per annum |
| 7 | ATM cum Debit Card |
|
| 8 | ATM withdrawal /POS Limit (Default maximum per day limit) | ATM- Rs. 50,000/- per day POS- Rs 2,00,000/- per day (Can be changed as per customer request) |
| 9 | ATM Transactions |
|
| 10 | Group Insurance (Accidental) | Free
(Complementary insurance will be available from April 2020) |
| 11 | Additional Insurance | Personal accident insurance and permanent total disability cover up to Rs 2 lakh ( In built with RUPAY Platinum debit Card) |
| 12 | Clean Personal Loan Facility | Personal Loan up to Rs 20 lakh as per eligibility * |
| 13 | Concessional rate of interest and processing fees on retail loans | To be decided by Bank on case to case basis on request of employer. |
| 14 | NEFT/RTGS | Free 24X7 funds transfer facility through Internet Banking/Mobile Banking /UPI |
| 15 | Airport Lounge Access | Twice per quarter @ Rs 2/-per occasion for Rupay Platinum Card Holders (as offered by Rupay) |
*ROI, Processing fees,documentation charges and repayment period shall be applicable as per SCHEME/advances Products
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