Bank of Maharashtra

Bank of Maharashtra is one of the most prominent banks in the country and is in operation since 1936 with its first branch in Pune. It obtained a scheduled bank status in the year 1944. It was nationalized in 1969 and since then has been one of the best performing national banks of India. It crossed a total business of INR 100000 Crore in the year 2010 and today has crossed its platinum year with more than 1500 branches all across the globe. Bank of Maharashtra timings are convenient for all the customers. The timings are such that the customers can easily avail the services of the banks


This being a very vibrant internet age, customers seek anytime banking. This is where Bank of Maharashtra internet banking comes in to assist the customers. Bank of Maharashtra started its CBS or Core Banking System in the year 2006 in an attempt to bring all its branches online and enable customers to check their accounts on Bank of Maharashtra Online banking. A wide range of convenient services such as account balance enquiry, cheque status enquiry, ePayment taxes, cheque book queries, transaction history, statement of account, mini statement, and account details for all types of accounts.


Services offered by Bank of Maharashtra


Like any other bank, Bank of Maharashtra too offers the basic needs of the customers. So having a savings account is the most common service which allows all customers to saving their money. However, beyond that the organization and its 1500 plus branches, bring in some common services such as deposit schemes, saving deposits, term deposits, current deposits, current account scheme, recurring deposit scheme, loans, ATM services, credit card, demat services, and much more.


Bank of Maharashtra personal loan offers loan for purposes such as expenses on travel, medical expenses, income tax liability, wedding expenses, and many more. Bank offers simple documentation and eligibility criteria for availing the loan.


Bank of Maharashtra home loan offers loan in order to build the house, purchase new house or flat whether new or old, and repairs or renovation of existing house. Eligibility for availing the home loan from Bank of Maharashtra includes that person should be salaried employee, professional, businessman, farmers having mini five acres of land or even non resident Indians. Minimum age of the person should be 21 years and maximum age should be 55 years for salaried persons and 55 years for persons other than salaried employees. Limit for home loan amount offered by Bank of Maharashtra is as follows:


  • For metro and urban areas there is no maximum limit.

  • For semi urban and rural area maximum limit is Rs.15 Lakh.

  • For repairs and renovation in all areas maximum limit is Rs. 5 lakh.


The service charges depend on the amount of loan sanctioned by the bank.


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