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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/-

Savings Account
Account Opening Fees

Annual Maintenance Fees

Nil

Minimum Account Balance

Not mentioned

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
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Savings Account

Special Features
Deposit Insurance Cover upto Rs. 5.00 lac.
Eligibility Criteria
Any individual can open savings bank account singly or jointly. SB Account of minors can be opened jointly with natural guardian/legal guardian
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
TDS is not applicable for interest earned on the account
Cons
No IMPS facility available. No physical debit card issuance. Ambiguity regarding monthly average balance. 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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