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

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

Procedure to Open Saving Account in Maharashtra Gramin Bank
Procedure to Open Saving Account in Maharashtra Gramin Bank

Open Saving Account in Maharashtra Gramin Bank (MGB)

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

  1. First of all, download, account opening form from MGB official website or collect from the branch.
  2. You can also directly download from here: Click Here
  3. Next, carefully fill the form.
  4. Along with Know Your Customer (KYC) documents, visit your nearest branch.

Maharashtra Gramin Bank Saving Account Opening Form Download here: Click Here

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 up to 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 over six months.

Important 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 picture identity issued by Village panchayet Head/ city Committee Head. (i.e., Local Certificate).
  • Updated bank passbook (not recent than 3 months) of any scheduled bank or Post workplace along with your picture on that.
  • Certificate of address having photo issued by MP/MLA/Group-A Gazetted Officer on the letterhead.
  • Certificate of address with a photo from government recognized educational institute.

Address Proof Documents:

  • AADHAAR Card
  • Passpor
  • Voter ID Card
  • Ration Card
  • Driving License
  • Updated passbook of any scheduled bank or Post Office with your photo on it.
  • Certificate of address with a photo from government recognized educational institute.
  • Certificate of address having photo issued by MP/MLA/Group-A Gazetted Officer on the letterhead

Please Note: Remember to hold 2 recent pictures together with documents.

Note: you’ll be able to submit any of the higher than documents from Identity Proof and one from address proof.

Note: If you submit any of AADHAR Card/ Ration Card/ Driving License/ Passport/ citizen ID, don’t ought to submit 2 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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