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Bank of Maharashtra Maha Plus

Institutional arrangement using a Sheetal or short-term deposit to block application funds while preserving deposit interest until allotment.

Service typeInstitutional ASBA deposit-blocking service using Sheetal or short-term deposits (STDR).FeesThe official Maha ASBA Plus page does not publish an application or service fee; it expressly states there is no penalty on premature withdrawal of the Sheetal/STDR deposit.EligibilityCorporate houses and institutional investors named by the official page may use the facility; ASBA application and KYC conditions apply.
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Quick eligibility check

Bank of Maharashtra Maha Plus

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Corporate houses and institutional investors named by the official page may use the facility?

Published source: Eligibility

2Do you meet this requirement: ASBA application and KYC conditions apply?

Published source: Eligibility

3Do you meet this requirement: Corporate houses and institutional investors such as LIC, GIC and mutual-fund companies?

Published source: Customer type

4Document checkDo you have this required document or proof: ASBA application?

Published source: Eligibility

5Document checkDo you have this required document or proof: KYC and entity authorisation?

Published source: Eligibility

6Document checkDo you have this required document or proof: IPO application, beneficiary and bank-account details?

Published source: Eligibility
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 1 Sept 2026 · active
Offered byBank of Maharashtra

India; participating Bank of Maharashtra branch subject to

Key facts

What the official sources publish

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

Account structureGlobal Edge combines Spend (current), Reserve (savings) and Growth (31-day fixed deposit) accounts. Third-party transactions are routed through Spend.View source
The official page describes the three-account bouquet and transaction restrictions.
Source
Global Edge Savings Account
Page / section
What is Global Edge Savings?
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Minimum balanceAQB ₹10,000 in the Spend account.View source
The page publishes of ₹10,000 in Spend.
Source
Global Edge Savings Account
Page / section
Initial deposit and
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Published ratesReserve earns the prevailing domestic savings-deposit rate. Growth is a 31-day FD at the prevailing retail term-deposit card rate; the page currently displays 3.00% p.a. for 31 days.View source
Rates are time-sensitive; the page distinguishes the prevailing rates and displays the current 31-day illustration.
Source
Global Edge Savings Account
Page / section
Reserve and Growth rates
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Professional-account insurance coverPro Biz Prime publishes ₹2 lakh personal accident and total-disability cover; Pro Biz Supreme publishes ₹10 lakh.View source
The two official application pages publish separate cover amounts by tier.
Source
Pro Biz Prime and Supreme current accounts
Page / section
Features and benefits
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Service typeInstitutional ASBA deposit-blocking service using Sheetal or short-term deposits (STDR).View source
The official page describes the corporate/institutional arrangement and deposit blocking process.
Source
Maha Plus
Page / section
Complete operating terms
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
ChannelsParticipating Bank of Maharashtra branch; current account may be opened at the branch but is not mandatory, subject to KYC.View source
The page requires a branch for the deposit and says a current account is not mandatory.
Source
Maha Plus
Page / section
At the time of application; current account
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
FeesThe official Maha ASBA Plus page does not publish an application or service fee; it expressly states there is no penalty on premature withdrawal of the Sheetal/STDR deposit.View source
The full official page was reviewed; it publishes nil premature-withdrawal penalty but no application charge.
Source
Maha Plus
Page / section
Penalty on premature withdrawal; complete page
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
AvailabilityIndia; participating Bank of Maharashtra branch subject to KYCView source
The manually reviewed product record states: “India; participating Bank of Maharashtra branch subject to ”.
Source
Bank of Maharashtra Maha Plus — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
EligibilityCorporate houses and institutional investors named by the official page may use the facility; ASBA application and KYC conditions apply.View source
The manually reviewed product record states: “Corporate houses and institutional investors named by the official page may use the facility; application and conditions apply.”.
Source
Bank of Maharashtra Maha Plus — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Customer typeCorporate houses and institutional investors such as LIC, GIC and mutual-fund companiesView source
The manually reviewed product record states: “Corporate houses and institutional investors such as , and mutual-fund companies”.
Source
Bank of Maharashtra Maha Plus — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Minimum deposit ₹50 lakh
  • Funds blocked in Sheetal/ and broken only to the allotment amount
  • Deposit units can be as small as ₹1
  • Current account is optional, subject to
  • No penalty on premature withdrawal
  • period 15 days or longer; interest is a special rate decided by Treasury

Eligibility

  • Corporate houses and institutional investors named by the official page may use the facility; application and conditions apply.

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

Documents the bank lists

  • application
  • and entity authorisation
  • application, beneficiary and bank-account details

Related official documents

Maha ASBA Plus — for Corporates / Institutionsofficial-product-page · current · accessed 1 Sept 2026
↗

Plan before applying

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Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

A · Metro/Urban annual rent₹2,000two thousand rupees

This value is copied from Safe-deposit locker annual rent (excluding taxes where applicable). Check the table notes before relying on it.

Source: Lockers · Types A–L and Digital locker AV-S/AV-M/AV-L Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 14 rows · 3 columnsSafe-deposit locker annual rent (excluding taxes where applicable)View tableHide table

Scroll sideways to view every column

Safe-deposit locker annual rent (excluding taxes where applicable)
Locker typeMetro/Urban annual rentRural/Semi-Urban annual rent
A₹2,000₹1,500
B₹3,000₹2,000
C₹4,000₹3,000
D₹4,500₹3,500
E₹5,500₹4,000
F₹8,000₹6,000
G₹8,000₹6,000
H₹8,500₹6,500
H1₹6,500₹4,000
L₹12,000₹9,000
K₹12,000₹9,000
Digital AV-S₹30,000 (Metro)Not published
Digital AV-M₹40,000 (Metro)Not published
Digital AV-L₹55,000 (Metro)Not published
Lockers · Types A–L and Digital locker AV-S/AV-M/AV-L · accessed 1 Sept 2026Open official source ↗
Table 2 · 6 rows · 2 columnsMaha ASBA Plus published operating termsView tableHide table

Scroll sideways to view every column

Maha ASBA Plus published operating terms
TermPublished value
Minimum deposit₹50 lakh
period15 days and above
units₹1 units
Premature withdrawal penaltyNil
InterestSpecial rate decided by Treasury from time to time
Current accountNot mandatory, subject to
Maha Plus · Minimum deposit; allotment; penalty; period and rate · accessed 1 Sept 2026Open official source ↗
Table 3 · 5 rows · 2 columnsCapital Market ASBA published investor rulesView tableHide table

Scroll sideways to view every column

Capital Market ASBA published investor rules
RulePublished value
Bid optionsUp to three; revision allowed under issue rules
Cut-off priceAllowed up to ₹2,00,000 for individual, employee and shareholder categories
Applications per from one accountMaximum five
Required identifiers, , Client , bid quantity and 11-digit savings/current-account number
BranchesAll Bank of Maharashtra branches enabled for accepting and processing applications
Capital Market Application () · Eligibility, identifiers and benefits · accessed 1 Sept 2026Open official source ↗

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