Bank of Maharashtra Zero Balance Savings Account

Last Updated : March 21, 2025, 4:04 p.m.

Bank of Maharashtra offers options for opening savings accounts without the need to maintain minimum balances. Both online and offline account opening processes are very easy. You can start earning interest on your savings immediately. With nominal charges and various benefits, these zero-balance accounts are the top zero-balance savings account choices for the public at large.

In this article, we will learn more about the accounts offered by the Bank of Maharashtra in greater detail.

Types of Zero Balance Accounts offered by Bank of Maharashtra

1. Mahabank Salary Account Scheme

2. Supreme Payroll Scheme

Features and Benefits of BOM Zero Balance Savings Accounts

Below are some of the features and benefits of the zero-balance accounts offered by BOM:

Mahabank Salary Account Scheme

This account can be opened by all employees of Central/State Government & State PSUs and corporations that have salary payment arrangements with the bank.

• ATM limit INR 50,000 per day
• POS INR 2,00,000 per day
• Personal loans up to INR 20 lakhs
• Personal accident insurance up to INR 2 lakhs
• 24x7 RTGS/NEFT transfers
• Free Rupay Platinum debit card
• 40 Free personalized cheque leaves per annum
• No AMC for the debit card.

Supreme Payroll Scheme

This account can be opened by employees of organizations other than the central govt. Central /State PSU and Corporations that have salary payment arrangements with the Bank.

• Minimum salary INR 10,000
• No AMC charges
• Free Rupay debit card
• Free NEFT through internet banking
• 20 cheque leaves per annum
• BOM balance check enquiry

How to Open a Bank Of Maharashtra Zero Balance Account Online?

To open a BOM zero balance account follow the following steps -

• Visit the bank’s website and click on ‘Open Account’.
• Enter details like name, date of birth, address etc.
• Upload necessary documents.
• Choose the type of account.
• Add nominee details.
• Create login credentials.
• Account will be opened within 2-3 days.

How to Open a Bank Of Maharashtra Zero Balance Account Offline?

To open a zero-balance account offline:

• Visit the nearest Bank of Maharashtra branch.
• Carry address and identity proof documents.
• Fill account opening form with details like name, address, nominee etc.
• Submit the required documents for verification.
• It may require 2-3 working days for activation.
• Account details like number, and login credentials will be given by the branch.

Eligibility criteria to open Bank Of Maharashtra Zero Balance Account

The eligibility criteria to Open a Bank of Maharashtra Zero Balance Account

• Resident Indian citizen
• 18 years of age
• Valid identity and address proof documents
• PAN card
• Nominee details

Indian residents above 18 years old with valid KYC documents can easily open a zero-balance account. No minimum balance is needed, allowing customers to start earning immediately.

Documents required to open Bank Of Maharashtra Zero Balance Account

To open a zero-balance savings account with the Bank of Maharashtra, you will need -

• Valid photo identity proof such as an Aadhaar card, PAN card, passport, driving license etc.
• Proof of address such as latest utility bill, rent agreement etc.
• Passport-size photograph.
• For senior citizens and minors, additional documents may be requested by staff.

UPI Transaction Limit of BOM Bank Zero Balance Savings Account

• The UPI transaction limit for the BOM Zero Balance Account is INR 1,00,000 per day.

What is the Withdrawal Limit Per Day of BOM Zero Balance Savings Account?

ATM Withdrawal Limit: The maximum daily ATM withdrawal limit is ₹50,000.

POS Transaction Limit: The maximum daily POS transaction limit is ₹2,00,000