Bank of Maharashtra Common account opening form for PPF, SCSS and SSA from Download

Based on Form-1 (under the Government Savings Promotion Rules, 2018) used by the Bank of Maharashtra, here are the key points for opening a PPF, SCSS, or SSA account:

• Target Schemes: This common form is used to establish accounts under national savings plans like Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), and Sukanya Samriddhi Account (SSA) (1f16096c-c… pp. 1, 4).
• Funding Particulars: Requires the exact initial deposit amount to be stated in figures and words (1f16096c-c… p. 1).
• Payment Tender: Supports onboarding deposits made via cash, cheque, or Demand Draft (DD) with instrument tracking numbers (1f16096c-c… p. 1).

• Multi-Depositor Space: Accommodates name, relationship, and date of birth details for up to four prospective depositors (1f16096c-c… p. 1).
• Minor & SSA Rules: Requires a formal Birth Certificate (number, issue date, authority) for minor accounts and Sukanya Samriddhi Accounts (1f16096c-c… p. 2).
• Guardian Mandate: Captures the Legal/Natural Guardian’s name, PAN, and Aadhaar number when opening an account for a minor or an individual of unsound mind (1f16096c-c… pp. 2-3).

• Identity Infrastructure: Requires mandatory fields for Aadhaar numbers and Permanent Account Numbers (PAN) (1f16096c-c… p. 2).
• Accepted Documents: Validates identity and address via officially valid documents: Passport, Driving License, Voter ID, PAN card, Aadhaar card, or NREGA job card (1f16096c-c… p. 3).
• Operation Rules: Joint accounts can choose an operational mandate of either “By all holders together/survivors” or “By either of the holder/s/survivors” (1f16096c-c… p. 3).

• Cross-Holding Audit: Section 16 mandates that applicants declare all existing accounts they already hold across any Post Office or Bank in India (1f16096c-c… p. 3).
• Tracked Metrics: Requires explicit logging of existing balances, account numbers, customer IDs, and locations specifically for PPF, SSA, Monthly Income Scheme (MIS), and SCSS (1f16096c-c… p. 4).

• Entitlement Split: Allows multiple nominees with customizable shares of entitlement, mapping out their address, Aadhaar number, and whether they serve as a trustee or owner (1f16096c-c… p. 4).
• Minor Nominee Guard: If a nominee is a minor, the applicant must appoint a separate designated legal adult to receive the funds in the event of the depositor’s death (1f16096c-c… p. 4).
• Witness Attestation: Requires two independent witness signatures, names, and addresses to legally authenticate the nomination structure (1f16096c-c… pp. 4-5).

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