Introduction
BOM Bank of Maharashtra is a major public sector bank in India. Government of India holds 81.61% of the total shares. The bank has 15 million customers across the length and breadth of the country served through 1897 branches as of 5 April 2016. It has largest network of branches by any public sector bank in the state of Maharashtra.
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 than any other public sector banks in Maharashtra. It has a network of 345 ATMs.
Overview
Bank of Maharashtra have Several branches acorss India.
| List of Bank of Maharashtra Branches in India. | |||
|---|---|---|---|
| Andhra pradesh | Assam | Bihar | Chattisgarh |
| Chandigarh | Delhi | Goa | Gujarath |
| Haryana | Himachal Pradhesh | Jammu&Kashmir | Jharkhand |
| Karnataka | Kerala | Madhya pradesh | Maharastra |
| Orissa | Punjab | Pondicherry | Rajasthan |
| Tamilnadu | Uttaranchal | Uttar Pradesh | West bengal |
Services
Bank of Maharashtra offers the following services:
- 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.
- NRI banking: It also offers products and services to NRI clients such as FCNR accounts, remittance services, etc.
- The bank also offers services to agricultural and SME sectors.
- ATM Services, Credit Card Services,DEMAT Services Bancassurance,Distribution of Mutual Funds
- Western Union Money Transfer facitity, Capital Market Application (ASBA) ASBA PLUS, Executors and Trustee Services
- Mahabill Pay, RTGS/NEFT, MAHAeTRADE (On line Share Trading Facility)
- Mahabank Swasthya Yojna, Maha Suraksha Yojana, E Payment Taxes, New Pension Scheme, Govt Business, Maha–Double Deposit Scheme and Door Step Banking
- The Bank offers personal banking, cash management, retail loans and other financial services
Note:The Bank Of Maharastra also includes services Like deposits,savings/current bank account, vehicle loans, personal loans, retail trade finance, global banking, lending to priority sector small scale sector, foreign exchange and export finance, corporate loans and equipment loans.
Awards
- Bank of Maharashtra awarded “Best Banker – Customer Friendliness” for 2012 by The Sunday Standard 2012
- Received the Dun & Bradstreet – Polaris Financial Technology Banking Award 2012 as Best Public Sector Bank under the category “Asset Quality”2012
Schemes
The Bank launched new schemes like:
- Mahalaxmi Term Deposit Scheme (3 years term deposit scheme)
- Mahadeep Scheme (Financing of Solar Water Heating System)
- Insta Remit Scheme (RTGS scheme for instant fund transfer)
- Maha Millionaire RD (MMRD) Scheme
- Maha Lakhpati RD (MLRD) Scheme
- Mahasanchay Systematic Deposit Plan (MSDP)