Bank of Maharashtra

Bank of Maharashtra is one of the major public sector banks in India, founded by V.G Kale and D.K Sathe and was registered as a banking company on 16th September 1935 at Pune with a capital of 1 million and began business on 8th February 1936.

Vision

“To be a vibrant, forward looking, techno-savvy, customer centric bank serving diverse sections of the society, enhancing shareholders’ and employees’ value while moving towards global presence”.

IFSC Code of Bank of Maharashtra

IFSC Code is 11-digit code assigned by the Reserve Bank of India (RBI) to every bank as a part of NEFT / RTGS.

In IFS Code

(a) First four characters identify the bank name i.e. MAHB

(b) The fifth character is always 0

(c) And the last character represents the branch address i.e. 001188

[The IFS code used in above example is of Janakpuri, New Delhi i.e., “MAHB0001188”].

Products and Services Offered by Bank of Maharashtra

Bank of Maharashtra offers a wide range of products and services which are as follows:

Savings Deposits

• Mahabank – Yuva Yojana
• Mahabank Lok Bachat Yojana
• Mahabank – Swasthya Yojana
• NRI Ordinary Account
• NRI External Account
• Current Deposits
• Mahabank – Pearl and Sapphire

Term Deposits

• Mahabank – Sulabh Jama Yojana
• Monthly Interest Deposit Scheme
• Mahabank – Sheetal Jama Yojana
• Mahabank – Trust Deposit Scheme
• FCNR Account
• Cumulative Deposit Scheme (CDR)
• Quarterly Interest Deposit Scheme
• Mixie Deposit Scheme
• Mahasaraswati Scheme

Bank of Maharashtra Loan

• Educational Loan
• Loan of Corporate
• Loan of Exporters
• Loans of Professionals
• Loans for Agriculturist
• Loan for Individuals
• Housing Finance Scheme
• Mahabank Platinum Housing Loans: Festive Offers
• Mahabank Aadhaar Scheme
• Mahabank Gold Card Scheme for Exporters
• Mahabank Salary Gain Scheme
• Mahabank Vehicle Loan Scheme
• Mahabank Renewable Energy Equipments
• Mahabank Realty Finance

Personal Loans

• Mahabank Solar Home Systems
• Mahabank Consumer Loan Scheme

Other Services

• ATM Services
• Demat Services
• Banc assurance
• Credit Card
• Mahabill Pay
• Mahabank Insta Remit Scheme
• NEFT
• Online Trading