Azadi ka Amrit Mahatsav

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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)
xiInternet BankingFree Internet Banking Facility
xiiNumber of TransactionsUnlimited free transactions (No ledger folio/ account maintenance charges)
xiiiNEFT/ RTGSFree NEFT/RTGS through internet banking
xivDemand DraftUpto 3 Free DDs per month and upto 3 free delivery per month if ordered through internet banking
xvCBS transactionsFree transactions at all our CBS branches s.t. limit stipulated for such transactions from time to time (Rs 50,000 at present)
xviStanding Instruction (SI)Free registration and execution of SIs
xviiCollection of outstation ChequeImmediate Credit of outstation Cheques upto Rs 25,000/- free of charge (not exceeding 2 cheques per month).
xviiiTax payment through ATM & Internet BankingFree
xixDemat AccountFree for 1st year
xxOther Service Charges 50% concession in processing fee of retail  loans.
xxiCharges on Non Maintenance of Minimum MABRs 1,000/- per quarter.
xxiiClosing of A/C before 1 yearPenalty of Rs 1,000/-