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Bank of Maharashtra A NEW CURRENT ACCOUNT
Member's Recomendation
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Features / Name of the Scheme |
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Sapphire |
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Initial Deposit Amount for opening of the A/c. |
Rs.5,000/- |
Rs.5,000/- |
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Quarterly average balance |
Rs.1,00,000/- and above |
Rs.5,00,000/- and above |
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Transactions allowed free of cost |
Unlimited |
Unlimited |
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Remittance charges / Drafts issuing, etc. |
30% discount on normal charges. |
60% discount on normal charges. |
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Outstation / local-cheques / Bills, etc. collection charges |
30% discount on normal charges |
60% discount on normal charges. |
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RTGS Services |
30% concession on normal charges |
60% concession on normal charges |
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Ledger Folio Charges |
Free |
Free |
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Charges for non maintenance of minimum average balance |
Nil |
Nil |
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Standing Instructions Regn. |
50% Concession on normal charges |
Free |
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Rebate on Locker Rent (of any size) |
25% rebate in locker rent of one locker |
50% rebate in locker rent of one locker |
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Debit-cum-ATM Card |
Free |
Free |
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Stop Payment Instruction Charges |
Free |
Free |
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INTEREST / BALANCE CERTIFICATE |
Free |
Free |
Any individual, proprietorship or partnership firm or a legal person i.e. Institution or a Company or Trust, Corporate Bodies, Government / Semi-Government Departments, a developmental Agency formed by Government, can be allowed to open a Current Account.
Application for opening the Current Account should be tendered in the Current Account Opening Form prescribed by the bank.
All Current accounts should be opened after obtaining satisfactory introduction, preferably by another properly conducted Current holder.
Minimum amount for opening of current account is Rs.5000/-
Nomination facility is available.
No interest is payable on this account
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Basic Common Documentation
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Public or Private Limited Companies
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Partnership Firms
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Proprietorship Concerns
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Trusts
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