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BANK OF MAHARASHTRA

Jan 21, 2020 351

HISTORY:

The Bank of Maharashtra (BoM) was registered on September 16, 1935 with a capital of Rs10 Lakh. Today it has the largest network of 1,375 branches that any other public sector bank in Maharashtra. It has a network of 345 ATMs.It offers deposit services and demat services in 131 branches. 38% of its branches are located in rural areas
BoM has LIC tie from India and United India Insurance Company.

Personal Banking BoM offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, RTGS, demat services, credit cards, etc.Banking NRI Also offers products and services to NRI clients such as FCNR accounts, remittance services, etc.The PSU bank also offers services to the agricultural and SME sectors.

Bank products and services:

ATM, Credit Card, DEMAT Services, Bancassurance, Mutual Fund Distribution, Western Union Easy Money Transfer, ASBA PLUS, Executives and Trustee Services, Mahabill Pay, RTGS / NEFT, MAHAeTRADE) Mahabankas Swasthya Yojna, Maha Suraksha Yojana, E Taxes of Payment, New Pension Regime, Government Business, Maha-Double Deposit System and Door Step Bank Banking.


Awards:

• Bank of Maharashtra awarded as the “Best Banker – Customer Friendliness”
• Received the Dun and Bradstreet – Polaris Financial Technology Banking Award 2012 as Best Public Sector Bank under the category “Asset Quality”: 2012

CHAIRMAN:  Shri Sushil Muhnot

MD: Ravindra Prabhakar Marathe