top of page
Product Details
Bank Name

Bank of Maharashtra

Account Name

Account Type

Saving

Interest Rate

2.75%

Free Debit Card

Classic Contactless Card: NIL
Platinum Card:Rs.100/-

Lok Bachat yojna
Account Opening Fees

Annual Maintenance Fees

Nil

Minimum Account Balance

Minimum balance criterion is not applicable to this scheme.

Debit Card Charges

Platinum Card:Rs.100/- Annual
Maintenance - General Public Ist year Free
Rs. 200 from second year onwards

NEFT Charges

Digital Mode : FREE

IMPS Charges

Not mentioned

Fees and Charges

Lok Bachat yojna

Special Features
Account can be opened with any amount. It can be as low as Rs. 1/- (Rs. One only).
Eligibility Criteria
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
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
One chequebook of 10 pages allowed free of cost. VISA/INSTA ATM- cum- Debit card facality available to new & existing accounts for the scheme.
Cons
Very low interest rate
Application Procedure

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
bottom of page