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Mahabank Royal Savings Account

Sl NoParticularDetails of Offer
iWho can open accountResident individuals (sole or joint account),
HUFs,Associations, Trusts, Clubs, Societies etc. subject to
ful filling eligibility criteria (domestic depositors) of
Reserve Bank of India, on compliance of "Know Your
Customer(KYC) Guidelines
iiAgeAs required for normal SB Account with cheque facility
iiiInitial Amount of DepositAccount can be opened with zero balance
ivMinimum BalanceMinimum Monthly Average Balance (MAB) - Rs 1,00,000/-
vPersonal AssistanceSpecial assistance of Relationship Manager
If minimum MAB Rs 10 lakh, personal service by
Branch Head (in absence of Branch Manager the
Dy Branch Manager will provide the personal
service)
viPersonal Air Accident Death Insurance CoverRs 50,00,000/-, Free of Cost
viiPersonal Accidental Death Insurance (PAI) CoverRs 10,00,000/-, Free of Cost
viiiCheque book facilities100 free Personalized Cheque leaves per annum
ixATM Cum VISA Debit CardFree ATM Card while opening of Account (no maintenance charge)
xHigher Transaction Limit on Debit Card (per day)Rs 0.50 lac at ATMs
Rs 0.50 lac at Point of Sale (POS)
xiCredit Card50% concession on annual maintenance charge of 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
xiiInternet BankingFree Internet Banking Facility
xiiiNumber of TransactionsUnlimited free transactions (No ledger folio/ account maintenance charges)
xivNEFT/ RTGSFree NEFT/RTGS through internet banking
xvDemand DraftUpto 3 Free DDs per month and upto 3 free delivery per month if ordered through internet banking
xviCBS transactionsFree transactions at all our CBS branches s.t. limit stipulated for such transactions from time to time (Rs 50,000 at present)
xviiStanding Instruction (SI)Free registration and execution of SIs
xviiiCollection of outstation ChequeImmediate Credit of outstation Cheques upto Rs 25,000/- free of charge (not exceeding 2 cheques per month).
xixTax payment through ATM & Internet BankingFree
xxDemat AccountFree for 1st year
xxiOther Service Charges 50% concession in processing fee of retail  loans.
xxiiCharges on Non Maintenance of Minimum MABRs 1,000/- per quarter.
xxiiiClosing of A/C before 1 yearPenalty of Rs 1,000/-