Bank of Maharashtra : Application For Saving Account Opening

Organization : Bank of Maharashtra
Facility :Application For Saving Account Opening

Home Page :http://www.bankofmaharashtra.in/
Apply here : http://www.bankofmaharashtra.in/accopenform_new/accopen_direction.asp

Application For Saving Account Opening :

To facilitate opening of bank account by migrant labour, street vendors/hawkers and people of lower strata of society so as to achieve stated objective of Universal Financial Inclusion, Government of India has suggested a “Simplified Uniform Saving Bank account opening form” for all PSBs.

Related : Bank of Maharashtra Online NPS Account Opening Application : www.statusin.in/2883.html

The form contains detailed list of KYC documents which can be considered for opening of account by individuals.

As per notification issued by Government of India small account means a saving account in banking company where :
** The aggregate of all credits in a financial year does not exceed Rupees One Lakh.
** The aggregate of all withdrawals and transfers in a month does not exceed Rupees Ten Thousand; and
** The balance at any point of time does not exceed Rupees Fifty Thousand.

Our Bank is having a product called “Mahabank Lok Bachat Yojana” for Small Accounts category with above features. :
Salient features of “Simplified Uniform Savings Bank Account Opening Form” are as under :
** A Basic account with limited features can be opened with minimum documents by filling the details as per Page No 1.
** These accounts can be subsequently upgraded to regular account upon fulfilling the requirements of full KYC compliance by filling the Page No. 2.
** Nomination facility is also available for small accounts. Nomination form as per Page No 3 should be filled in.
** The form contains a detailed list of KYC documents which can be used for opening of small account by individuals as per Page No. 4.
** The account can also be opened jointly. Information of joint account holder has to be filled as per Page No. 5.

Savings Bank Scheme :
Benefits :
** 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.

** Telebanking facility, SMS Banking facility, Mobile banking facility and Internet Banking are available.
** TDS is not applicable for interest earned on the account.
** Free Mahabank VISA ATM/Debit Card.
** Deposit Insurance Cover upto Rs. 1.00 lac.

About Us :
Maharashtra has a long history of commercial activity since ages because of its strategic location in Indian sub continent and its large natural resources. Maharashtra has been a progressive region and the Banking activity was also started in this region quite early.

Historically speaking, the Bank of Bombay established in 1840 was the first Commercial Bank in Maharashtra. However, the first commercial bank set up in Maharashtra outside Mumbai was The Poona Bank established in 1889 at Pune followed by The Deccan Bank in 1890 and the Bombay Banking Company in 1898.

Contact Us :
Bank of Maharashtra,
Ahmedabad Zone,
Mavlankar Haveli, Vasant
Chowk, Bhadra, Lal Darwaja
Ahmedabad ‐ 380 001