Bank of Maharashtra Common Account Opening From for Resident individual
Bank of Maharashtra Common Account Opening From for Resident individual from Download English
The Bank of Maharashtra Common Account Opening Form (Part-I and Part-II) is a unified document designed for resident individuals to open Savings Bank Accounts, Current Accounts, or Term Deposits (pp. 1, 3).
📋 Part-I: Customer Information Sheet (CIF Creation)
This section captures the primary personal credentials and complies with Know Your Customer (KYC) norms (pp. 1-2).
- Personal & Contact Details: Captures name, date of birth, gender, marital status, mobile number, and email ID (p. 1).
- Socio-Economic Profiling: Requires details like annual income, religion, caste category, and occupation type (e.g., Service, Business, Retired) (p. 1).
- Tax & Regulatory Compliance: Features check-boxes for Foreign Account Tax Compliance Act (FATCA) compliance, unique identifiers, and declarations for Politically Exposed Persons (PEP) (p. 1).
- KYC Documentation: Built-in sections for Official Valid Documents (OVD) like Passport, Voter ID, Driving Licence, or Aadhaar Card (p. 2).
- Address Mapping: Separates local residential/business address fields from permanent address fields (p. 2).
💳 Part-II: Account Details & Services Required
This section focuses on the specific banking products and electronic services the customer wishes to activate (p. 3).
- Account Category Selector: Choice between regular Savings Bank Account, Current Account, Recurring Deposit, Term Deposit, or Basic Savings Bank Deposit Account (BSBDA) (p. 3).
- Operational Mode: Options to declare operational mandates such as Self, Either or Survivor, Former or Survivor, or Jointly Operated (p. 3).
- Value-Added Services: Specific sections to opt for ATM-cum-Debit Cards (Rupay, Visa), Cheque Books, Aadhaar Enabled Payment System (AEPS), and Internet Banking (p. 3).
- Auto-Sweep Facilities: Configuration for Multi-Option Deposit Schemes (MODS) with flexible maturity rules (Last In First Out / First In Last Out) (p. 3).
📑 Core Rules & Statutory Annexures
The form bundles standard banking guidelines and targeted disclosures directly into the document layout (pp. 8-9, 11-12).
- Form DA-1 (Nomination Form): Allows sequential or simultaneous nomination (up to 4 nominees) with specified percentage splits for the hassle-free transfer of funds (pp. 5, 8).
- Form 97 (Annexure-I): Income tax declaration layout to track monetary values for transactions if a valid PAN is not available (pp. 1, 9).
- Minor & Impairment Guidelines: Annexure-II maps related guardians for minors (p. 11), while Annexure-IV lists disability impairment codes to aid accessibility adjustments (pp. 1, 11).
- BSBDA Terms: Outlines account operational privileges including zero minimum balance requirements, free cash deposits, and at least 4 free monthly withdrawals (p. 8).
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