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Product Details
Bank Name

Bank of Maharashtra

Account Name

​

Account Type

Saving

Interest Rate

2.75%

Free Debit Card

Yes

Purple savings account
Account Opening Fees

Account can be opened with zero balance

Annual Maintenance Fees

Nil

Minimum Account Balance

Minimum Monthly Average Balance (MAB) - Rs. 3,00,000/-

Debit Card Charges

No

NEFT Charges

Free NEFT/RTGS through internet banking

IMPS Charges

Not mentioned

Fees and Charges

Purple savings account

Special Features
Personal Assistance - Special assistance of Relationship Manager
Eligibility Criteria
Resident individuals (sole or joint account) subject to fulfilling eligibility criteria (domestic depositors) of Reserve Bank of India, on compliance of “Know Your Customer(KYC) Guidelines
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Personal Air Accident Death Insurance Cover - Rs. 50,00,000/- (Free of Cost), Personal Accidental Death Insurance (PAI) Cover - Rs. 10,00,000/- (Free of Cost), Cheque book facilities - 200 free Personalized Cheque leaves per annum, ATM Cum VISA Debit Card - (Free specially designed personalized ATM-cum-Debit card) (No maintenance charges). No. of Transactions at ATM Free ATM Card while opening of Account (no maintenanc Free unlimited Debit Card transactions at ATM of any Bank. Loss / Fraud Protection on Debit Card- 30 days protection against loss / theft of cards upto Rs.1.00 lacs. Higher Transaction Limit on Debit Card (per day) Rs. 1,00,000 at ATMs and Rs. 1,00,000 at Point of Sale (POS). Demat Account AMC Free for 1 st year and 50% of AMC waived from Year 2. Other Service Charges - 50% concession in processing fee of retail loans.
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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