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Bank of Maharashtra

Bank of Maharashtra is the best public sector bank in Maharashtra, India. It was founded in 1935. It started its operations on 8th February, 1936. It is a leading financial services provider in India offering a range of products and services including credit cards, loans, investment vehicles and savings deposits.

About Bank of Maharashtra

Since the time of its inception, Bank of Maharashtra has been touted as the common man’s bank. It has helped many businesses become big industrial houses. The Chairman and Managing Director of Bank of Maharashtra is Allen C.A. Pereira. Since nationalization of banks in 1969, the bank has achieved significant growth. Bank of Maharashtra has more number of branches in Maharashtra than any other public sector bank.

The goal of the bank is to serve every type of needs of the common Indian household. Bank of Maharashtra gained autonomy in 1998. This will help the bank in offering increased number of services with uncomplicated procedures without any interference of the government.

At present, Bank of Maharashtra has a nationwide network comprising 1,444 branches, 902 core banking branches and 345 ATMs. The business of the bank has crossed the Rs. 90,000 crore mark. In March 2010, the bank reached 100% CBS coverage.

Products and services of Bank of Maharashtra

Bank of Maharashtra offers a comprehensive range of products and services to cater to the needs of its individual and institutional clients that include the following:


Savings Deposit

  1. Mahabank Yuva Yojana
  2. Mahabank Swasthya Yojana
  3. Mahabank Lok Bachat Yojana
  4. NRI External Account
  5. NRI Ordinary Account

Current Deposits

  1. Mahabank – Pearl & Sapphire
  2. Current Account Scheme

Term Deposits

  1. Recurring Deposit Scheme
  2. Mahabank – Term Deposit Scheme
  3. Cumulative Deposit Scheme (CDR)
  4. Mahabank – Sulabh Jama Yojana
  5. Quarterly Interest Deposit Scheme
  6. Monthly Interest Deposit Scheme
  1. Mixie Deposit Scheme
  2. Mahabank – Sheetal Jama Yojana
  3. Mahasaraswati Scheme
  4. Mahabank – Trust Deposit Scheme
  5. FCNR Account


  1. Agriculture loans
  2. Education loans
  3. For entrepreneurs
  4. For Corporates
  5. For individuals
  6. For exporters
  7. Housing finance scheme
  8. For professionals
  1. Mahabank Gold Card Scheme for Exporters
  2. Mahabank Adhar Scheme
  3. Mahabank Salary Gain Scheme
  4. Mahabank Renewable Energy Equipments
  5. Personal Loans
  6. Mahabank Vehicle Loan Scheme
  7. Mahabank Consumer Loan Scheme
  8. Mahadeep Solar Home Systems


  1. Credit card
  2. ATM Services
  3. BANCS
  4. DEMAT Services
  5. Distribution of Mutual Funds
  6. Bancassurance
  1. Mahabill Pay
  2. Executors and Trustee Services
  3. Capital Market Application (ASBA)
  5. MAHAeTRADE (Online Share Trading Services)
  6. NEFT

Maha-Bharati NRI Services

  1. NR External A/C
  2. NR Ordinary A/C
  3. RFC A/C
  4. FCNR A/C
  5. Inward Remittance

Bank of Maharashtra Contact Details

Bank of Maharashtra
Head Office
Address: ‘Lokmangal’,
1501, Shivajinagar, Pune-411005
Telephone Numbers: 020 - 25532731, 733, 734, 735, 736
020 - 25532728
020 - 25514501 - 12
020 - 25513781


Bank of Maharashtra


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