Maharashtra Gramin Bank

Features & Benefits

The account holder/s can give standing instructions for transfer of funds from the account to any another account/s.
Mobile banking facility and Internet Banking facility are available.
Free Debit Card.
Interest on Fixed Deposits can be collected to this account.

Eligibility

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 open a Current Account.
Application for opening the Account should be tendered in Account opening form prescribed by the Bank The applicant / s should fulfill KYC norms by furnishing identity and address proof, two photographs & PAN number / Form No. 60 / 61 while opening new account as applicable to the constitution of applicant and as mentioned in the form.

Balance Requirement

Minimum balance should be maintained in the account ON QUARTERLY AVERAGE basis as mentioned below
In Metro/ Urban/ Semi Urban/ Rural Branches: Rs 1,000/
IF quarterly average minimum balance in the account is not maintained, service charges will be levied once in every quarter.

Nomination

Interest Rates & Charges