Maharashtra Gramin Bank

Eligibility Balance Requirement Nomination Interest Rates & Charges Features & Benefits
Documents required PremiumSavingAC

Features & Benefits

The account holder/s can give standing instructions for transfer of funds from the account to another account/s
Mobile banking facility and Internet Banking are available.
TDS is not applicable for interest earned on the account.
Free Debit Card.
Deposit Insurance Cover upto Rs. 5 lakh.

Balance Requirement

Minimum balance should be maintained in the account on Quarterly Average basis. If Quarterly Average
Minimum Balance in the account is not maintained, service charges will be levied once in every Quarter.

Eligibility

Any individual can open savings bank account singly or jointly.
SB Account of minors can be opened jointly with natural guardian/legal guardian.
The applicant should furnish identity and address proof as given in account opening form (CIF for individuals), two photographs & PAN number/Form No. 60/61 while opening new account.
In case the customer is unable to give any documentary proof of identity & address, to the satisfaction of the bank, the account can be opened with the introduction from existing account holder who has been subjected to full KYC procedure & having satisfactory operations in the account for over six months.

Nomination

Interest Rates & Charges

Bank will pay interest on DAILY PRODUCTS in the account (i.e. on daily balance) on quarterly basis payable on end of every quarter. Present interest rate is -
Interest rate for Saving Bank Deposit - 2.75 % p.a.