Bank of Maharashtra (MAHABANK)

Overview

Bank of Maharashtra, established in 1935 and headquartered in Pune, India, stands as a prominent financial institution providing a wide array of banking products and services across the country. The bank caters to its clientele through various operational segments, including Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking operations. It excels in addressing the financial needs of individual customers, enterprises, and other organizations with its comprehensive and diversified offerings.

Products and Services

• Savings, Current, Term, and Demand Deposits: These traditional banking services offer customers various options to manage their funds, catering to different needs for saving and transactional purposes.
• Capital Gain Account Schemes: A specialized service aimed at investors looking to save on capital gains taxes, providing a beneficial avenue for managing potential capital gains from the sale of property or investments.
• Housing Loans, Vehicle Loans, Topup Loans, and Education Loans: A comprehensive suite of loan products designed to fund personal needs ranging from home purchase or construction, vehicle acquisition, supplementary funding needs, to financing higher education.
• Gold Loans, Consumer and Personal Loans: Offering quick and easy financing options against gold as collateral, or as unsecured loans for consumer purchases and personal needs.
• Salary Gain and Green Financing Schemes, Aadhar Loans, and Loans Against Properties: Tailored financial solutions like Salary Gain for salaried individuals, Green Financing for eco-friendly projects, Aadhar Loans leveraging the Aadhar identification system, and loans secured against property assets.
• Working Capital, Term, Project, Infrastructure, Export and Bill Financing Services: Essential services for businesses, aiding in the management of day-to-day operations, funding long-term needs or specific projects, including infrastructure and export-related financing.
• Commercial Lease Rental Services, Accounts Takeover Services: Catering to commercial clients with options for lease rentals and takeovers of existing accounts for better management and financing terms.
• Non-Fund Based Services; Micro, Small, and Medium Enterprise (MSME) Loans; and Agriculture Loans: A variety of services including letters of credit, guarantees, and loans designed to support small and agricultural businesses.
• Digital Banking and Lending Services, and Government Schemes: Innovative and convenient online banking solutions, alongside lending products that align with government initiatives for social and economic development.
• Documentary Credits and Collections, Import and Export Financing, Guarantees, Travel Related Forex: Financial instruments and services supporting trade and international business operations, including currency exchange services for travelers.
• Non-Resident Indian Services, Remittance Schemes, and Risk Management Services: Dedicated services catering to the banking needs of Non-Resident Indians, facilitating remittances and providing risk management solutions.
• Remittance Facilities; Hedges Exchange Risk: Offering seamless remittance services and solutions to hedge against foreign exchange risks, crucial for both individuals and businesses involved in international transactions.