BOM SO - SPLessons

Bank of Maharashtra

Chapter 1

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Bank of Maharashtra

Bank of Maharashtra (BOM)

shape 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.


shape 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

shape 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



shape 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


shape 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)