Any individual can open savings bank account singly or jointly. SB Account of minors can be opened jointly with natural guardian/legal guardian. The applicant should furnish identity and address proof as given in account opening form (CIF for individuals), two photographs & PAN number/Form No. 60/61 while opening new 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 for over six months.

Minimum banlance in the account

Minimum balance should be maintained in the account ON MONTHLY AVERAGE basis. IF monthly average minimum balance in the account is not maintained, service charges will be levied once in every month.

Please click here for details of minimum balance and charges.

Minimum balance condition is not applicable for 'Pension' and 'No Frills' category accounts


Nomination facility is available.


Bank will pay interest on DAILY PRODUCTS in the account (i.e. on daily balance) on six monthly basis payable on 30 th June and 31 st December of every year. Present interest rate is 4.0% p.a. simple.

Other Benefits

  1. The account holder/s can give standing instructions for transfer of funds from the account to any another account/s, make payment of electricity bills, Insurance Premium, Telephone bills, taxes, loan installments etc. Charges applicable are furnished in Service Charges Schedule available in every branch and also on Bank's website.
  2. Telebanking facility, SMS Banking facility, Mobile banking facility and Internet Banking are available.
  3. TDS is not applicable for interest earned on the account.
  4. Free Mahabank VISA ATM/Debit Card.
  5. Deposit Insurance Cover upto Rs. 1.00 lac.

Special Saving Accounts

Mahabank Yuva Yojana
Maha Bank Lok Bachat Yojana
Mahabank Swasthya Yojana
NRI Ordinary Account
NRI External Account
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Bank's Willful Defaulters
All patrons are requested to note that the 2nd and 4th Saturday of every month will be Public Holidays and other Saturdays of the month will be full working days for Banks w.e.f. 01.09.2015. The patrons shall get exact weekly holiday schedule from respective Branches. Please refer Notification in Public Information.

List of ATMs in Six Metro Cities (New Delhi, Mumbai, Kolkata, Bengluru, Chennai, Hyderabad)

RBI Monetary Museum - Reserve Bank of India

General Information about the Museum

Central Processing Cells (CPCs) -
Bank has established Central Processing Cells (CPCs) for centralized processing and sanctioning of Commercial Credit advances including Corporate, MSME and other loan from loan quantum above Rs. 10.00 lacs in general and agricultural term loans more than Rs. 5.00 lacs. & for all Retail Credit.

e-SBTR -
Pay Stamp Duty & Registration Fee using Bank of Maharashtra Internet Banking

Inflation Indexed National Saving Securities - Cumulative

1 - Product details
2 - Application form
Public Notice for Current and Saving Inoperative Accounts Holders with Zero Balance in General Category i.e. excluding the accounts opened for Direct Benefit Transfer / Electronic Benefit Transfer / Scholarships for students

Annual Maintenance Fee for ATM cum Debit Card will be charged Rs. 100 plus Service Tax from second year onwards (w.e.f. 01-03-2014)
CUSTOMER EDUCATION : Security Features of Indian Banknotes
A Little extra care makes your online transactions more secure

1- English Version
Revised Service Charges w.e.f. 01/09/2013
New Recurring Deposit Schemes : Maha Millionaire, Maha Lakhpati & Mahasanchay Systematic Deposit Plan
Mahabank gold loan scheme - Loan Against gold ornaments
Account Portability : Transfer of account from one branch to another branch in the Bank
Bank's Codes of Commitments to Customers
New Recurring Deposit Schemes : Maha Millionaire, Maha Lakhpati & Mahasanchay Systematic Deposit Plan
Change in Interest Payment Date on Savings Bank Deposits
Service Charges
Mahabank Gold Loan Scheme - Loan against Gold Ornaments
Top Up Loan for Home Loan Borrowers to meet various needs
Interest on domestic term deposits
List of branches authorized for opening of PPF Account

Discontinuation of Maha Swarna RD Yojana
List of Specialized Branch
State wise Holiday
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