Whereby to Start a Savings Account at Bank of Maharashtra
Bank of Maharashtra is the premier bank of Maharashtra, upon operations in the country of India. It is one of the nationalized banks in India together with some large banks like SBI bank and Canara Bank.
It was listed as a bank on September 16, 1935 with an authorized money of Rs 10.00 lakh and begun its business on February 8, 1936. Currently, the center of operations of Bank of Maharashtra is located in Lokmangal, Shivajinagar, Pune, India with Mr Allen C.A. Pereira as its present Chairman.
Its main industries composed of banking, capital markets and allied industries. Bank of Maharashtra is widely known as a common man’s bank. When it started business, it assisted low business units that generated many industrial houses today in India.
As of 2008, it has 1375 department beyond India and continue growing its numbers. The official website of Bank of Maharashtra can be found in bankofmaharashtra.in.
Bank account of Bank of Maharashtra has the preceding features:
* Smooth cash liquidity
* The least deposit for this account is Rs.100/-
* Withdrawals can be done by withdrawal slips or cheques
* Nomination facility available
* Introduction necessary
You may as well need to bring and accomplished the following credentials before you can get a bank account. These credentials are the following:
1. Account opening paper
2. Customer Information forms for all applicants / signatories
3. Identity Proof for each individual applicant
4. Address Affidavit for each one applicant
5. Undertaking for account opened under relaxed KYC Norms, where Identify/Address proof not submitted
6. Undertaking by Guardian for Minor’s accounts
7. HUF Letter for Joint Hindu Family Accounts
8. Form 60 / 61 in case, PAN not ready for use
9. In case of Non-Individual customers, Customer Information form for Non-individuals and all necessary
When opening a bank account, you must also petition to add or enroll to your account a Mahabank Debit Card, phone banking, mobile banking and Internet banking. These added features are much helpful and profitable for the account holders since it may give you personal access and updates of your bank account.
Bank of Maharashtra is a great option when choosing what bank to start a bank account. It has nice facilities beneficial for its client such Internet banking, mobile banking and phone banking.
Gily Tenorio is a personal money blogger who likes blogging on financial education, saving, investing and earn money online. For helpful information on how to budget and apply a new bank account at Bank of Maharashtra, you can visit India Bank blog for helpful articles on saving, investing and online money making.