Bank of Maharashtra Fixed Deposit Patna

About Bank of Maharashtra Fixed Deposit Patna

Patna is the largest city of Bihar. It also happens to be one of the oldest continuously inhabited places in the world. Being a major agricultural hub and trade centre, the city of Patna has seen much development over the years. Bank of Maharashtra Fixed Deposits is one of the financial products that is a favourite amongst the people of Patna. With many upcoming industries and infrastructural development making its way into the city, the need for making a saving for a secured future has never been more. Read on to gain an in-depth knowledge about this product!

Bank of Maharashtra Fixed Deposit Patna at a Glance

ParticularsDetails
Interest Rate4.25% - 7.00%
Minimum Deposit Amount₹ 1,000 and in multiples of ₹ 100, thereafter
Tenure1 year to 10 years

Who all can apply for Bank of Maharashtra Fixed Deposit Patna?

The eligibility criteria to open a fixed deposit account with the Bank of Maharashtra is quite liberal. Below listed individuals can avail the service of fixed deposit from the bank-

  • Individuals- An Indian Resident, a Non-resident Indian (NRI), Minors
  • Joint Depositors
  • Sole Proprietorship Firms
  • Private Limited Companies
  • Partnership Firm
  • Trusts
  • Associations
  • Clubs
  • Hindu Undivided Families (HUFs)

Documents Needed

Below is the list of documents required by the applicants in order to avail a fixed deposit from Bank of Maharashtra:

Documents required for Individuals, Joint Depositors, HUFs and Sole Proprietorship Firms

  • ID Proof
  • Bank Statement for at least last 6 months
  • Photographs

Documents required for Private Limited Companies

  • Certificate of Incorporation
  • Letter of Authority or the Board Resolution
  • Memorandum & Articles of Association
  • Certificate of Commencement of Business (Public Limited Company)
  • Form 32, where list of directors are not original subscribers to Memorandum & Articles of Association (for Private Limited Companies), duly acknowledged by ROC
  • Governing Act / Rules and Regulations ( for PSUs) (certified true copy)

Documents required for Partnership Firms

  • Partnership Deed
  • Letter from partners approving the person concerned to open and operate the account
  • Photographs of the person operating the account

Documents required for Trusts

  • Copy of the Trust Deed
  • Copy of the Registration Certificate
  • Copy of the resolution of trustee authorizing the member to operate and open the accounts
  • Photographs of the member operating the account

Documents required for Clubs/Associations

By-laws of the Association

  • Copy of the Resolution by the board authorizing the members concerned to open and operate the account
  • Photographs of the members operating the account

For additional information, visit Fixed Deposit Patna.

Bank of Maharashtra Bank Fixed Deposit Patna Branches

Branch Name AddressIFSC Code MICR Contact Details
PatnaRajgarhia Center, Exhibition Road, Patna-800001MAHB00007018000140011800-233-4526
Rajabazar PatnaKalyan Bhawan, First Floor, Khajpura, Bailey Road, Patna - 800014MAHB00012698000140041800-233-4526
Boring RoadSavitri Complex, 1st Floor, Boring Road, Patna - 800001MAHB00012708000140031800-233-4526

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