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Steps to Open Bank of Maharashtra Saving Account

A savings account is a financial product that helps you ensure the security of your funds along with earning interest. Bank of Maharashtra offers its customers the option of choosing from a wide range of products with different features and benefits. Here are the steps to open a Bank of Maharashtra savings account.

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Steps to Open Bank of Maharashtra Saving Account

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  1. Steps to Open Bank of Maharashtra Saving Account

  2. What is a Savings Account As per savings account definition, it is an interest bearing account held at bank or other financial institution. A savings account is a safe place to store your money and earn interest.

  3. Bank of Maharashtra Savings Account Features Why have a savings account with Bank of Maharashtra? ● Telebanking facility, SMS banking facility, mobile banking facility and internet banking available. Free Mahabank VISA ATM/ Debit Card. Deposit insurance up to Rs. 5.00. Lac. TDS not applicable for interest earned on the account. The account holders can give standing instructions for fund transfer from the account to any other account/ make payments of electricity bills, telephone bills,etc. ● ● ● ●

  4. How to Open a Savings Account with Bank of Maharashtra You can apply for Bank of Maharashtra savings account through any of the below process. ● ● ● Walk into any of the nearby branches. Banking correspondents/customer service points. Apply SB Savings Account online

  5. Bank of Maharashtra Savings Account Online To open Bank of Maharashtra savings account through online, ● ● ● ● Visit official website www.bankofmaharashtra.in/ Click on “Personal” From the drop down menu select “Deposit” Then select “Savings Deposit”

  6. ● You will reach a page where you have all the information related to Bank of Maharashtra Savings Account. Click on “Open Savings Bank Account” tab. If you have all the mandatory documents, click on “Let’s Go” to open your savings account. To see the savings account interest rate click “Interest rate”. ● ● ●

  7. Documents Required ● ● Proof of identity Proof of address Account of Minors ● ● If guardian is appointed by the court, order of the court for the same. In case of guardian is illiterate, birth date certificate of the minor from the competent authority.

  8. Documents Required For trust and foundations, ● ● ● ● ● Certificate of organization. Power of attorney granted to transact business on its behalf. Any official valid document to identify the trustee. Resolution of the managing body of the foundation/association. Telephone bills.

  9. For more details visit www.bankofmaharashtra.in/

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