How to Open Saving Account in Maharashtra Gramin Bank (MGB)

Maharashtra Gramin Bank is the first RRB to go live with e-commerce. It is scheduled bank established by government of India. Moreover, it is sponsored by Bank of Maharashtra. It offers some good offers as comparison to other rural banks. With just initial deposit of Rs 100, you can have new saving account. Nomination facility is also available. Read complete post to know in details: How to Open Saving Account in Maharashtra Gramin Bank (MGB)

How to Open Saving Account in Maharashtra Gramin Bank (MGB)

Follow these steps to open saving account in Maharashtra Gramin Bank (MGB):

1. First of all download, account opening form from MGB official website or collect from branch.
2. You can also directly download from here: http://mahagramin.in/downloads/aof.pdf
3. Next, carefully fill the form.
4. Now, along with Know Your Customer (KYC) documents, visit your nearest branch.

Download Maharashtra Gramin Bank Saving Account Opening Form: http://mahagramin.in/downloads/aof.pdf

Saving Account Scheme:

Eligibility: Any individual can open saving bank account singly or jointly.

Minimum Balance: Without Cheque Book Facility- Rs 100

With Cheque Book Facility- Rs 500

Nomination Facility: Yes Available

Interest: 3.5 % per annum (once a year)

Other Benefits: No TDS, Deposit Insurance upto Rs 1 Lac, Depositor can transfer funds from one account to another.

Note: 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 over six months.

Documents Required for Opening Saving Account in Maharashtra Gramin Bank

• List of ID Proofs:

• AADHAR Card
• PAN Card
• Passport
• Voter ID Card
• Ration Card
• Driving License
• Arms License
• Certificate of photo identity issued by Village Panchayat Head/ Town Committee Head.(i.e., Local Certificate)
• Updated passbook (not old than 3 months) of any scheduled bank or Post Office with your photo on it.
• Certificate of address having photo issued by MP/MLA/Group-A Gazetted Officer in letter head
• Certificate of address with photo from government recognized educational institute.

·   Address Proof Documents:

·         AADHAAR Card

·         Passport

·         Voter ID Card

·         Ration Card

·         Driving License

·         Updated passbook (not old than 3 months) of any scheduled bank or Post Office with your photo on it.

·         Certificate of address with photo from government recognized educational institute.

·         Certificate of address having photo issued by MP/MLA/Group-A Gazetted Officer in letter head

Please Note: Don’t forget to carry two recent photographs along with documents.

Note: You can submit any of the above documents from Identity Proof and one from address proof.

Note: If you submit any of AADHAR Card/ Ration Card/ Driving License/ Passport/ Voter ID, don’t need to submit two separate documents for ID Proof and Address Proof.

Maharashtra Gramin Bank Toll Free Number: 18002332133 (Free)

Source: http://mahagramin.in/saving_bs.aspx

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