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Product Details
Bank Name

Bank of Maharashtra

Account Name

Account Type

Salary

Interest Rate

2.75%

Free Debit Card

Free Rupay Debit Card

Mahabank salary account scheme
Account Opening Fees

No minimum amount stipulated.

Annual Maintenance Fees

Nil

Minimum Account Balance

The account can be opened with Zero balance

Debit Card Charges

Nil annual maintenance Charge

NEFT Charges

Free 24X7 funds transfer facility through Internet Banking/Mobile Banking /UPI

IMPS Charges

Not mentioned

Fees and Charges
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Mahabank salary account scheme

Special Features
Free unlimited number of transactions in BoM ATMs, Free unlimited number of transactions in other bank ATMs, Group Insurance (Accidental) - Free - Personal accidental death cover: Rs 40 Lakh 2 Total permanent disability cover: Rs 40 lakh 3 Partial permanent disability cover: Rs 20 lakh 4 Air accident death cover: Rs 1 Crore 5 Golden hour cashless treatment (after incident of accident) : Up to Rs 1 lakh
Eligibility Criteria
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.), Free unlimited number of transactions in other bank ATMs
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Additional Insurance Personal accident insurance and permanent total disability cover up to Rs 2 lakh ( In built with RUPAY Platinum debit Card), Clean Personal Loan Facility Personal Loan up to Rs 20 lakh as per eligibility, Airport Lounge Access Twice per quarter @ Rs 2/-per occasion for Rupay Platinum Card Holders (as offered by Rupay),
Cons
Very low interest rate
Application Procedure

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