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Bank of Maharashtra Sovereign Gold Bond Scheme

Bank of Maharashtra branch distribution and servicing for Government of India Sovereign Gold Bonds issued by the Reserve Bank of India, with gold-gram denomination, 2.50% semi-annual interest and eight-year tenor.

Current availabilityBank of Maharashtra offers branch distribution and servicing when a Government-notified SGB issue is open; the reviewed page also preserves the historical 2023–24 issue and early-redemption tables.Published feesThe reviewed Sovereign Gold Bond page does not publish a Bank-specific application, servicing or dematerialisation fee schedule; any issue, demat, exchange or transaction charges must be confirmed for the relevant issue and channel.EligibilityResident individuals, HUFs, trusts, universities and charitable institutions; joint holding is permitted and an individual may invest for a minor.
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Quick eligibility check

Bank of Maharashtra Sovereign Gold Bond Scheme

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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.

1Are you this type of customer: Resident individuals, HUFs, trusts, universities and charitable institutions?

Published source: Eligibility

2Do you meet this requirement: joint holding is permitted and an individual may invest for a minor?

Published source: Eligibility

3Are you this type of customer: Resident individuals?

Published source: Customer type

4Do you meet this requirement: HUFs, trusts, universities and charitable institutions?

Published source: Customer type

5Do you meet this requirement: Individuals investing jointly or for a minor?

Published source: Customer type

6Document checkDo you have this required document or proof: SGB application and PAN?

Published source: Eligibility

7Document checkDo you have at least one of these required documents: KYC identity/address proof such as Aadhaar, passport or voter ID?

Published source: Eligibility

8Document checkDo you have this required document or proof: Entity authorisation documents where applicable?

Published source: Eligibility

9Document checkDo you have this required document or proof: KYC and PAN are mandatory?

Published source: Eligibility
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 1 Sept 2026 · active
Offered byBank of Maharashtra

All Bank of Maharashtra branches for notified issue windows; existing-holder servicing as per scheme availability

Key facts

What the official sources publish

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

Published feesThe reviewed Sovereign Gold Bond page does not publish a Bank-specific application, servicing or dematerialisation fee schedule; any issue, demat, exchange or transaction charges must be confirmed for the relevant issue and channel.View source
The current page publishes investment limits, interest, redemption and but no numeric Bank fee schedule.
Source
Sovereign Gold Bond Scheme fee review
Page / section
Complete page; forms and issue information
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
ChannelsApplications are accepted through Bank of Maharashtra branches during notified issue windows; the page also links to the applicable forms and records conversion to demat form and exchange trading where permitted.View source
The page states branch availability and links Form A through Form F, with demat and exchange-trading options under scheme rules.
Source
Sovereign Gold Bond Scheme
Page / section
Introduction; features; forms
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Current availabilityBank of Maharashtra offers branch distribution and servicing when a Government-notified SGB issue is open; the reviewed page also preserves the historical 2023–24 issue and early-redemption tables.View source
The page says BoM offers customers an opportunity to invest through branches and contains historical issue schedules.
Source
Sovereign Gold Bond Scheme
Page / section
Introduction; issue schedule; early redemption
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
EligibilityResident individuals, HUFs, trusts, universities and charitable institutions; joint holding is permitted and an individual may invest for a minor.View source
The official feature list names the permitted resident investor categories.
Source
Sovereign Gold Bond Scheme
Page / section
Features — eligible investors
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Investment amountMinimum 1 gram of gold. Annual maximum is 4 kg for an individual, 4 kg for an HUF and 20 kg for trusts and similar entities; joint holding limit applies to the first applicant.View source
The page publishes the gram denomination and annual ceilings.
Source
Sovereign Gold Bond Scheme
Page / section
Features — investment limits
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Interest rate2.50% per annum on nominal value, payable semi-annually.View source
The official page states the fixed 2.50% rate and semi-annual payment.
Source
Sovereign Gold Bond Scheme
Page / section
Features — interest
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Tenure / redemptionEight years, with exit after the fifth year on an interest-payment date; redemption is based on the simple average of 999-purity gold closing prices for the previous three working days published by IBJA.View source
The page publishes the eight-year tenor and fifth-year exit option.
Source
Sovereign Gold Bond Scheme
Page / section
Features — tenor and redemption
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Interest payoutSemi-annually on the nominal value.View source
The official feature list states semi-annual interest payment.
Source
Sovereign Gold Bond Scheme
Page / section
Features — interest
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Trading / collateralBonds are eligible for dematerialisation and trading on stock exchanges; they are a Government security and the reviewed page publishes the applicable issue/redemption conditions.View source
The page states that certificates can be converted to demat form and bonds are tradeable on stock exchanges.
Source
Sovereign Gold Bond Scheme
Page / section
Features — holding and trading
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
AvailabilityAll Bank of Maharashtra branches for notified issue windows; existing-holder servicing as per scheme availabilityView source
The manually reviewed product record states: “All Bank of Maharashtra branches for notified issue windows; existing-holder servicing as per scheme availability”.
Source
Bank of Maharashtra Sovereign Gold Bond Scheme — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Customer typeResident individuals; HUFs, trusts, universities and charitable institutions; Individuals investing jointly or for a minorView source
The manually reviewed product record states: “Resident individuals; , trusts, universities and charitable institutions; Individuals investing jointly or for a minor”.
Source
Bank of Maharashtra Sovereign Gold Bond Scheme — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • One-gram basic denomination
  • Eight-year tenor with exit after the fifth year on interest-payment dates
  • 2.50% p.a. interest payable semi-annually on nominal value
  • 4 kg individual/ and 20 kg trust/institution annual ceiling
  • Redemption based on 999-purity gold price published by IBJA
  • Dematerialisation and exchange trading subject to scheme rules

Eligibility

  • The page describes resident investors and permitted entity types; and are mandatory.

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

Documents the bank lists

  • application and
  • identity/address proof such as Aadhaar, passport or voter
  • Entity authorisation documents where applicable

Related official documents

Sovereign Gold Bond Scheme 2015–16official-product-page · historical-issue-reference · accessed 1 Sept 2026
↗

Plan before applying

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Ordinary Current Account · Balance rule ₹10,000 metro/urban; ₹5,000 semi-urban; ₹2,500 rural

This value is copied from Bank of Maharashtra current-account tiers and published limits. Check the table notes before relying on it.

Source: Bronze / Silver / Gold / Platinum / Diamond Current Account · Complete scheme table Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 6 rows · 4 columnsBank of Maharashtra current-account tiers and published limitsView tableHide table

Scroll sideways to view every column

Bank of Maharashtra current-account tiers and published limits
Product / tierBalance ruleFree cash deposit / withdrawalOther published facilities
Ordinary Current Account ₹10,000 metro/urban; ₹5,000 semi-urban; ₹2,500 ruralHome-branch cash withdrawal free; service charges for shortfallNomination; RuPay debit card; digital and telebanking
Bronze Premium ₹1,00,000–₹5,00,000₹1,50,000 cash deposit/day free₹5,000 opening deposit; 500 cheque leaves/year
Silver Premium ₹5,00,000–₹10,00,000₹3,00,000 cash deposit/day free/ and digital facilities free
Gold Premium ₹10,00,000–₹15,00,000₹7,00,000 cash deposit/day freeLocker, debit card and statements free
Platinum Premium ₹15,00,000–₹25,00,000₹10,00,000 cash deposit/day freeOne locker free subject to availability
Diamond Premium ₹25,00,000 and aboveNo daily cash-deposit limitAll listed digital, payment and locker concessions
Bronze / Silver / Gold / Platinum / Diamond Current Account · Complete scheme table · accessed 1 Sept 2026Open official source ↗
Table 2 · 5 rows · 4 columnsBank of Maharashtra recurring-deposit termsView tableHide table

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Bank of Maharashtra recurring-deposit terms
SchemeMinimum / maximumTermInterest / facility
Recurring Deposit₹50/month; no ceiling6–120 monthsCumulative; loan facility
Mahasanchay Deposit PlanCore ₹100–₹10,000; flexi up to ₹50,000/month12–60 months in 3-month multiplesRetail term-deposit rate; loan up to 90% of balance
Maha Saraswati Scheme₹100/month on current page36–120 monthsRetail term-deposit rate; education-loan concession
Deposit-policy reference: MLRDSuitable for maturity value of at least ₹1 lakh; no ceiling12–120 monthsCumulative; loan facility; current availability not separately listed on live catalogue
Deposit-policy reference: MMRDSuitable for maturity value of at least ₹10 lakh; no ceiling12–120 monthsCumulative; loan facility; current availability not separately listed on live catalogue
Deposit Policy — Annexure A · Pages 23–24, rows 1–4 and 13–16 · accessed 1 Sept 2026Open official source ↗
Table 3 · 7 rows · 4 columnsBank-distributed Government savings and insurance schemesView tableHide table

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Bank-distributed Government savings and insurance schemes
ProductMinimum / coverTerm / ageRate / payout / key condition
₹500–₹1,50,000 per financial year15 years; five-year extensionsGovernment-notified rate; annual credit on 31 March
₹1,000–₹30,00,000Five years; three-year extensionGovernment-notified quarterly rate; quarterly payout; 60+ or qualifying retiree
Sukanya Samriddhi₹250 initial; ₹1,50,000 yearly maximumDeposits 15 years; maturity 21 years; girl below 10 at openingGovernment-notified rate; education/marriage withdrawal rule
Floating Rate Savings Bonds₹1,000 multiples; no maximumSeven yearsSemi-annual reset and payout; taxable; specified senior-citizen premature redemption
Sovereign Gold BondsMinimum 1 gram; annual ceiling by investor typeEight years; exit after fifth year2.50% p.a. semi-annually; gold-price-linked redemption
₹2,00,000 life cover; ₹436/yearAge 18–50; 1 June–31 May30-day lien for non-accidental death; annual auto-debit
₹2,00,000 death/total disability; ₹1,00,000 specified partial disability; ₹20/yearAge 18–70; 1 June–31 MayAccident cover; annual auto-debit
Government Schemes catalogue and linked product pages · Complete current scheme catalogue and linked terms · accessed 1 Sept 2026Open official source ↗

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