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 is listed as a bank on September 16, 1935 with an authorized capital of Rs 10.00 lakh and started its business on February 8, 1936. Presently, the headquarters of Bank of Maharashtra is based in Lokmangal, Shivajinagar, Pune, India with Mr Allen C.A. Pereira as its current Chairman.

Its main industries includes banking, capital markets and allied industries. Bank of Maharashtra is popularly recognized as a common man’s bank. When it started business, it assisted small business arms that produced many industrial houses nowadays in India.

Since 2008, it has 1375 branches across India and keep increasing 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 made through withdrawal slips or cheques

* Nomination facility accessible

* Introduction required

You also need to bring and accomplished the following documents before you may have a bank account. These credentials are the following:

1. Account opening form
2. Customer Information papers for all applicants / signatories
3. Identity Proof for each individual applicant
4. Address Proof for each one applicant
5. Undertaking for account opened under relaxed KYC Norms, where Identify/Address affidavit 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 available
9. In case of Non-Individual customers, Customer Information form for Non-individuals and all required

When beginning a bank account, you must as well petition to add or enroll to your account a Mahabank Debit Card, phone banking, mobile banking and Internet banking. These additional features are much helpful and beneficial for the account holders since it may give you direct avenue and updates of your bank account.

Bank of Maharashtra is a great choice when choosing what bank to start a savings account. It has nice facilities beneficial for its client like Internet banking, mobile banking and phone banking.

Gily Tenorio is a personal finance blogger who loves blogging on financial education, saving, investments and earn money online. To get helpful information on how to budget and open a new savings account at Bank of Maharashtra, you should visit India Bank blog for more articles on saving, investment and online money making.