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Mahabank Purple Savings Account

Sl NoUSPSpecially designed SB product for Ultra High Net worth
Individuals (UHNIs)
1 Who can open account 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
2Initial Amount of DepositAccount can be opened with zero balance.
3 Minimum Balance Minimum Monthly Average Balance (MAB) - Rs. 3,00,000/-
4 Personal Assistance Special assistance of Relationship Manager-
5 Personal Air Accident Death Insurance Cover Rs. 50,00,000/- Free of Cost
6 Personal Accidental Death
Insurance (PAI) Cover
  Rs. 10,00,000/- Free of Cost
7 Cheque book facilities  200 free Personalized Cheque leaves per annum
8 ATM Cum VISA Debit Card Free specially designed personalized ATM-cum-Debit card (No maintenance charges).
9 No. of Transactions at ATM Free ATM Card while opening of Account (no maintenancFree unlimited Debit Card transactions at ATM of any Bank.
10 Loss / Fraud Protection on
Debit Card
 30 days protection against loss / theft of cards upto Rs.1.00 lacs.
11 Higher Transaction Limit on
Debit Card (per day)
 Rs. 1,00,000 at ATMs
Rs. 1,00,000 at Point of Sale (POS)
12 Credit Card FREE (100% concession on annual maintenance charge) BoM-SBI co-branded Gold Credit Card;
OR
50% concession in maintenance charge of BoM-SBI co-branded Platinum Credit Card for the first year
13 Internet Banking Free Internet Banking Facility
14 NEFT/ RTGS Free unlimited NEFT/RTGS remittances
15 Demand Draft Unlimited free Demand Draft.
16 Tax payment through ATM &
Internet Banking
 Free
17 Demat Account AMC Free for 1 st year and 50% of AMC waived from Year 2
18 Other Service Charges 50% concession in processing fee of retail loans.