o;? Bank of Maharashtra


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 balance in the account

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

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 quarterly basis payable on end of every quarter. Present interest rate is -

Sr No. Particulars Rate of Interest
1 Saving Deposits Balance upto Rs. 25 Lakhs 3.50% p.a
2 Saving Deposits Balance above Rs. 25 Lakhs 4.00% p.a

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
NRI Ordinary Account
NRI External Account
Information Security
Insurance Products
Direct Selling Agent for Housing Loan
Udyami Mitra
Attention NRI Customers
Car Dealers Tie-up Form
Reservation Roster
Integrety Pledge by CVC
Locate Branch/ATM
OTS Settlement Request
Bank's Willful Defaulters
Specialized Branches
State wise Holiday
Online Education loan thorugh Vidya Laxmi Poratal

User Manual - UPI
Is your Bank Account KYC compliant?
Revised Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 08.08.2019

Press Release for the Quarter Ended 30th June 2019

Beware of fictitious offers / lottery winnings / cheap funds offers

Rupay Debit Card Offers

SMS Charges w.e.f. 01/07/2017

FAQs International Debit Card

A Little extra care makes your online transactions more secure

Account Portability : Transfer of account from one branch to another branch in the Bank

Bank's Codes of Commitments to Customers

RBI Monetary Museum - Reserve Bank of India

General Information about the Museum
IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.