Bank of Maharashtra provides a selection of savings accounts to meet the various needs of its clients. Some of them include Royal Saving Account, Purple Savings Account, and so on. The Bank of Maharashtra saving account minimum balance varies based on the type of account and location. I have shared the charges I know below.
What is the Bank of Maharashtra Minimum Balance for Savings Account?
The bank offers both zero-balance and regular savings accounts with specific balance requirements. Here are the minimum balance requirements:
Metro & Urban Branches: Rs.2,000
Semi-Urban Branches: Rs.1,000
Rural Branches: Rs.500
Certain accounts like the Basic Savings Bank Deposit Account (BSBDA) and Jan Dhan Accounts do not require a minimum balance. They are for financial inclusion and offer basic banking services without penalties.
If the minimum balance is not maintained, a non-maintenance charge applies based on the shortfall amount and account type. I hope you found this helpful.
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What Happens if Minimum Balance is Not Maintained
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What is the Bank of Maharashtra Saving Account Minimum Balance?
shagun
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9 months
2025-03-24T17:53:04+00:00 2025-03-24T17:53:04+00:00Comment
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