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Bank of Maharashtra

Bank of Maharashtra is one of the premier banks of India headquartered in Pune. The bank operates all across the country with a strong network of over 1421 branches as on March 2009. The bank has its branch locations in metro, urban, semi urban and rural areas of the country. Since its establishment, Bank of Maharashtra has been known as the common man's bank and it endeavors to become the "One Bank" for every family. According to the survey of March 2009, the net profit of the bank rose to Rs. 375.16 crores from Rs. 271.39 crores as on March 2008.

Bank of Maharashtra History

The bank was established on 16th Sept 1935 with an initial capital of Rs. 10.00 lakh. However, Bank of Maharashtra commenced its business operations from 8th Feb 1936, five months after its inception. During its early operation, the bank provides financial assistance to small units thereby allowing them to become major industrial houses in the contemporary world. In 1969, Bank of Maharashtra was nationalized by the Government of India and this allows the bank to expand rapidly. It has the largest branch network than any other public sector banks in Maharashtra.

During 1998, the bank attained autonomous status and it began to provide more products and services through simplified procedures and without the intervention of the Government. The bank opened its 1000th branch at Indira Vasahat, Pune in 1987. During the end of the year 2009, Bank of Maharashtra has over 1444 branches, 345 ATMs, 902 CBS branches and the total business cross over Rs 90,000 crores.

Bank of Maharashtra Products and Services

Bank of Maharashtra brings a complete range of banking services and products for all kind of customers. The bank is a pioneer in social banking and it has about 38% of the branches in rural India. Depository services as well as Demat facilities are also made available in about 131 branches. The following are some of the best banking products and services offered by the bank.
  • Deposit Schemes
  • Savings Deposits
  • Term Deposits
  • Recurring Deposit Scheme
  • Monthly Interest Deposit Scheme
  • Current Deposits
  • Current Account Scheme
  • Educational Loans
  • Personal Loans
  • Mahabank Vehicle Loan Scheme
  • Housing Finance Scheme
  • Loans for Corporates
  • Loans for Individuals
  • Loans for Agriculturists
  • Loans for Entrepreneurs
  • Loans for Professionals
  • ATM Services
  • Credit Card
  • Demat Services
  • NEFT
  • Distribution of Mutual Funds
  • Mahabill Pay
  • Mahabank Insta Remit Scheme
  • EMI Calculator
  • Capital Market Application
  • Inward Remittance
  • Non Residence Ordinary Account
  • Non Residence External Account
  • Internet Banking
  • Mobile Banking, etc.

Bank of Maharashtra Recruitment

From time to time, Bank of Maharashtra conducts several recruitment exams to fill up a number of jobs and vacancies made available with the bank. The bank offers some of the best reputable careers sought by a large number of job seekers in the country. In 2009, the bank organizes several recruitment programs for job openings of Network Engineers, Agriculture Officers, Law Officers, Specialist Officers and Security Officers. The written exam of the recruitment was held on 23rd August 2009 for which, the results can be availed from the official website of the bank.

Bank of Maharashtra Internet Banking

A wide range of convenient services are made available through the Internet Banking facility offered by the bank. The following are some services that you can obtain by registering for online banking service.
  • Account Balance Enquiry
  • Cheque Status Enquiry
  • ePayment of Taxes
  • Cheque Book Queries
  • Transaction History
  • Statement of Account
  • Mini Statement
  • Account details for all types of accounts
Existing users can provide their user ID and password to login to their account while new customers are first required to enroll for net banking before enjoying the hassle free services. The bank also provides friendly customer care representatives who are committed to solve every kind of grievances faced by the customers. Customers can talk with the bank representatives through several contact numbers and toll free numbers available on the bank website.

Bank of Maharashtra Head Office
Address: Bank of Maharashtra
Head Office, 'Lokmangal',
1501, Shivajinagar
Phone No: 020 - 25532731, 733, 734, 735, 736
020 - 25532728
020 - 25514501 - 12
020 - 25513781
Find comprehensive details on Bank of Maharashtra and its banking products and services.



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