Savings, current & salary accounts

Lok Bachat Yojana

Savings account scheme intended to bring low-income customers into formal banking.

Savings interest rate2.50% p.a. up to ₹1 crore; 2.60% above ₹1 crore to ₹100 crore; 2.75% above ₹100 crore, effective 1 September 2025.Minimum balanceScheme-specific monthly-average or quarterly-average balance applies; the standard page links the current service-charge schedule rather than publishing one universal amount.Salary requirementSalary is not required for ordinary, Smart, Purple, Royal, Yuva or Lok Bachat savings accounts. Mahabank Salary and Supreme Payroll require an employer salary arrangement; GovPride requires gross monthly salary above ₹30,000; CG 2025 is for Central Government salary customers.

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✓ Manually checked 31 Aug 2026 · active

Offered byBank of Maharashtra

India; subject to scheme and terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Savings interest rate2.50% p.a. up to ₹1 crore; 2.60% above ₹1 crore to ₹100 crore; 2.75% above ₹100 crore, effective 1 September 2025.View source

Revised savings rates effective 01.09.2025 are published in three balance bands.

Source: Interest Rates
Page / section: Savings Bank Deposits
Accessed: 31 Aug 2026
Confidence: high

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MIBOR-linked savings optionMIBOR (overnight) plus a currently published 101 bps (1.01%) spread; available on demand and subject to change.View source

MIBOR-linked Savings Product is available on-demand; spread is currently 101 bps.

Source: Interest Rates
Page / section: New Savings Product
Accessed: 31 Aug 2026
Confidence: high

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Minimum incomeNot published as a universal income threshold for the savings catalogue; GovPride separately requires gross monthly salary above ₹30,000.View source

The catalogue gives segment rules; only GovPride states a numeric salary criterion.

Source: Savings Deposit
Page / section: Scheme eligibility
Accessed: 31 Aug 2026
Confidence: high

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Minimum balanceScheme-specific monthly-average or quarterly-average balance applies; the standard page links the current service-charge schedule rather than publishing one universal amount.View source

Monthly-average minimum balance is stated; pension and no-frills categories are exempt.

Source: Savings Deposit
Page / section: Minimum balance and charges
Accessed: 31 Aug 2026
Confidence: high

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Salary requirementSalary is not required for ordinary, Smart, Purple, Royal, Yuva or Lok Bachat savings accounts. Mahabank Salary and Supreme Payroll require an employer salary arrangement; GovPride requires gross monthly salary above ₹30,000; CG 2025 is for Central Government salary customers.View source

The catalogue names target customer segments; GovPride separately states gross monthly salary above ₹30,000.

Source: Savings Deposit
Page / section: Complete scheme catalogue
Accessed: 31 Aug 2026
Confidence: high

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Non-maintenance chargeFor standard SB operative accounts, the service-charge schedule applies a percentage of the AQB shortfall, subject to minimum ₹1: Metro/Urban AQB ₹2,000 (10%/15%/20% bands), Semi-Urban AQB ₹1,000 (10%/15%/20%), Rural AQB ₹500 (10%/15%/20%). No charge applies to Yuva, pension, no-frills/BSBDA, Mahasarvajan and other exempt products.View source

Current shortfall percentages, minimum and exemptions are published in the service-charge table.

Source: Service Charges
Page / section: A.1 Non-Maintenance of Minimum Balance
Accessed: 31 Aug 2026
Confidence: high

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Cheque bookCurrent annual free-leaf entitlements: standard SB 20; Royal 100; Purple 200; BSS-15 40; BSS-25 60; Mahabank Salary 40; Supreme Payroll 20; GovPride 40. Additional leaves cost ₹5 each (₹100 for 20 leaves). The catalogue does not state a separate cheque-book entitlement for Yuva, Lok Bachat or CG 2025.View source

The service-charge table lists scheme-specific free leaves and ₹5 per additional leaf.

Source: Service Charges
Page / section: A.3 Cheque Leaves
Accessed: 31 Aug 2026
Confidence: high

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ATM limits / usageBank ATM: first five transactions free; further financial transactions ₹21 and non-financial transactions free. Other-bank ATM: five monthly transactions free (three in the six metros), then ₹21 financial and ₹8 non-financial. The pages do not publish a rupee cash-withdrawal ceiling for these account variants.View source

free-transaction counts and excess-use charges are published; a cash-limit number is not.

Source: Service Charges
Page / section: A.37 Usage
Accessed: 31 Aug 2026
Confidence: high

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Debit cardClassic RuPay/Visa issuance is nil; RuPay Platinum is ₹300 and RuPay Select ₹600, with scheme-specific waivers. Annual maintenance is free in the first year, then ₹200 Classic, ₹300 Platinum and ₹600 Select. Yuva, Royal, Purple, Mahabank Salary and Supreme Payroll are listed as free for cards other than Platinum/Select.View source

Issuance, annual maintenance and listed scheme waivers are published in the current table.

Source: Service Charges
Page / section: A.36 Debit Card
Accessed: 31 Aug 2026
Confidence: high

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Account typeSavings deposit account; salary, payroll, Smart, Purple, Royal, Yuva, Lok Bachat, GovPride and CG 2025 are named savings-package variants.View source

The page labels the products as savings-deposit schemes and names each variant.

Source: Savings Deposit
Page / section: Main deposit scheme list
Accessed: 31 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Financial-inclusion savings access
Basic account facilities

Eligibility

The catalogue describes the target segment as people belonging to the bottom of the pyramid; it does not publish a numeric income threshold.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

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Account interest estimate

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Balance kept in the accountUse the amount you expect to keep there on average.₹one lakh rupees₹1,000₹1,00,00,000Yearly interest rateThe percentage the account pays in one year.%0.1%15%How long the money staysThe number of months used for this estimate. months1 months60 months

Interest you may earn₹2,500two thousand five hundred rupees

Balance including interest₹1,02,500one lakh two thousand five hundred rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Scheme

Savings Account · Published audience or balance ruleResident individuals, sole or joint,

This value is copied from Bank of Maharashtra savings schemes. Check the table notes before relying on it.

Source: Savings Deposit · Complete named-scheme catalogue Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 10 rows · 2 columnsBank of Maharashtra savings schemesView tableHide table

Scroll sideways to view every column

Bank of Maharashtra savings schemes
Scheme	Published audience or balance rule
Savings Account	Resident individuals, sole or joint,
BoM Smart Scheme	BSS-15: average quarterly balance ₹15,000; BSS-25: ₹25,000
Mahabank Salary Account Scheme	Government, state and corporate employees with salary arrangement
Purple Savings Account	Resident individuals, sole or joint,
Royal Savings Account	Resident individuals, , associations, trusts, clubs and societies
Supreme Payroll Scheme	Corporate, private/public limited, institutional and government employees
Yuva Yojana	Children and students
Lok Bachat Yojana	Low-income / bottom-of-pyramid customers
GovPride Salary Savings Account	Permanent government//education-institution employees; gross monthly salary above ₹30,000
CG 2025 Salary Package	Central Government employees; salary slip and employee required

Savings Deposit · Complete named-scheme catalogue · accessed 31 Aug 2026Open official source ↗

Lok Bachat Yojana

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Account interest estimate

Find the exact published value

Complete rates, limits and schedules

Related products

Bank of Maharashtra Central Government Pension Account

CG 2025 Salary Package

Bank of Maharashtra Global Edge Savings Account

GovPride Salary Savings Account Scheme