How to Open a Savings Account at Bank of Maharashtra
Bank of Maharashtra is the leading bank of Maharashtra, with operations in the country of India. It is one of the nationalized banks in India together with some large banks such SBI bank and Canara Bank.
It is listed as a bank on September 16, 1935 with an authorized capital of Rs 10.00 lakh and started its business on February 8, 1936. Presently, the headquarters of Bank of Maharashtra is based in Lokmangal, Shivajinagar, Pune, India with Mr Allen C.A. Pereira as its current Chairman.
Its main industries includes banking, capital markets and joined industries. Bank of Maharashtra is popularly recognized as a common man’s bank. When it started business, it supported small business arms that produced plenty of industrial homes nowadays in India.
Since 2008, it has 1375 branches across India and keep increasing its numbers. The legitimate website of Bank of Maharashtra may be found in bankofmaharashtra.in.
Bank account of Bank of Maharashtra has the following features:
* Easy cash liquidity
* The least deposit for this account is Rs.100/-
* Withdrawals may be made through withdrawal sheets or cheques
* Nomination facility accessible
* Introduction required
You also ought to bring and accomplished the preceding documents before you may have a bank account. These credentials are the preceding:
1. Account opening form
2. Customer Information papers for all applicants / signatories
3. Identity Certification for each individual applicant
4. Address Proof for each individual applicant
5. Undertaking for account opened under relaxed KYC Norms, where Identify/Address affidavit not introduced
6. Undertaking by Guardian for Minor’s accounts
7. HUF Acknowledgment for Joint Hindu Family Accounts
8. Form 60 / 61 in case, PAN not available
9. In case of Non-Individual customers, Customer Information form for Non-individuals and all required
When beginning a bank account, you may as well request to add or enroll to your account a Mahabank Debit Card, phone banking, mobile banking and Internet banking. These additional features are very considerate and beneficial for the account holders because it may give you direct avenue and updates of your savings account.
Bank of Maharashtra is a good choice when selecting which bank to open a savings account. It has good equipment profitable for its customers like Internet banking, mobile banking and phone banking.
Gil Tenorio is a personal finance blogger who loves blogging on financial management, saving, investments and earn money online. To get helpful information on how to budget and open a new savings account at Bank of Maharashtra, you should visit India Bank blog for more articles on saving, investment and online money making.
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