Bank of Maharashtra

Bank of Maharashtra is one of the leading banks of India. Since the establishment of the bank in early nineties, it has developed its operations all over India. The bank has its presence in almost all parts of India. Apart from offering the banking services, the bank has also extended its services for the betterment of the society. The bank has introduced many special Rural Development programmes as a part of its social responsibility. The banking services from Bank of Maharashtra are also extended to the rural and urban population of India.

The deposit schemes offered by the bank comprises of the savings deposit, current deposit and the term deposit. The savings deposit which is popularly known as savings account can be opened with the bank singly or jointly. The savings account facility is also available for minors. Minors can have only joint account with legal guardian or the natural guardian. The savings account from Bank of Maharashtra comes with Mahabank VISA Debit cum ATM card. This card can be used at wide ATM network of the bank and also works as an e-wallet. Other than the savings account, the bank has also introduced the savings deposit schemes like Mahabank Swashthya Yojana, Mhabank Lok Bahat Yojana and Mahabank Yuva Yojana. The special savings schemes like NRI ordinary account and NRI external account are also introduced for NRIs.

The current deposits can be made in current account scheme or Mahabank Pearl, Sapphire and Diamond schemes. These schemes are also offered with the ATM cum Debit card. Bank of Maharashtra has introduced several term deposit schemes that can benefit the customers of all class. The recurring deposit scheme and cumulative deposit scheme offered by the Banks are also very popular. The term deposit scheme offers tax benefit on the investments. The various term deposit schemes offered by the bank are Sulabh Jama Yojana, monthly interest deposit scheme, Sheetal Jama Yojana, quarterly interest deposit scheme and Mixie deposit scheme.

Bank of Maharashtra has also extended many loan schemes for its customers. The EMI calculator is also offered online on the website of the Bank of Maharashtra. The loans can be availed for agriculture, education, home finance or for the vehicles. The loans are offered to the professionals, exporters, entrepreneurs, corporate, agriculturists and other individuals. There are many schemes for the loan and the borrower can select the loan as per his repayment capacity and the requirement.