Bank of Maharashtra
(BoM)
Description
The Bank of Maharashtra: A Trusted Name in Indian Banking
The Bank of Maharashtra is counted amongst the most credible public sector banks in India. It had been initially established to help the common man fulfill his big dreams and to offer ideal conditions for expansion for small businesses. Gradually, the bank started gaining popularity over the whole of India, but mostly in Maharashtra. This bank plays an integral role in the Indian financial system since it boasts numerous branches, excellent customer service, and is technology-oriented.
Big ideas of two people, namely, V.G. Kale and D.K. Sathe, initiated the Bank of Maharashtra in Pune, Maharashtra in 1935. It started functioning from 8th February 1936 with the objective to lend and advance small businesses and individuals seeking loans. At that period, there were few banks ready to help owners of small businesses hence BoM stepped into changing this fact. It was initially authorized to start with ₹10 lakh capital.
Originally, The Bank of Maharashtra set its mark with one unit at Pune, and by the time it has expanded its operations and is now one of the leading banks in the public sector of India, at least 2,600 branches in the U.S. by 2025 still is most market total in Maharashtra with which it has most branches.
The Bank also has a considerate large clientele over 35 million customers which for many individuals, families, and businesses is convenient to be dealing with such a trusted entity.
What do we offer?
Bank of Maharashtra provides various financial services. They have something for everyone if you are an individual planning to open a savings account or a business owner looking for a loan.
For Individuals: Savings Accounts & Current Accounts Fixed Deposits & Recurring Deposits
Personal, Home, and Auto Finance
Plastic money-Credit and Debit Cards
E-Banking and M-Banking
Loans for Working Capital
Term loans and money
Bank Guarantees and Trade Finance
Loans to small entrepreneurs/businessmen and tiny sectors (SSIs)
For Rural People and Farmers
The bank is also of much assistance to the farmers as it provides loans to them, to the self-help groups, and to the small business people in rural areas for their benefit and also for the benefit of the economy locally.
Bank of Maharashtra has been digitized to meet the future.
It offers mobile baking, internet banking, UPI, e-wallets, etc. Bills can be paid, money can be transferred, and even a loan can be applied for online through this. The bank also sends SMS and emails to its customers to keep them in the loop.
Since the recent launch of the Mahabank Mobile Banking application, customers are enabled to avail of banking services at their fingertips anytime, anywhere.
Banking with freedom and security
Being a government undertaking, it is a most safe and secure organization and follows all the guidelines given by the Reserve Bank of India (RBI). It operates in the same way as other public sector banks. The money deposited at the bank is further safely kept with it as being secured by the DICGC (Deposit Insurance & Credit Guarantee Corporation), which ultimately secures the customers’ deposits also.
Recent Changes
The Indian government started the ‘One State, One RRB’ policy quite recently. Following this policy, in 2025, the Bank of Maharashtra set up the Maharashtra Gramin Bank. This has been a result of the merging of the old Maharashtra Gramin Bank and Vidarbha Konkan Gramin Bank. The main objective was that of providing better rural banking in the areas and making things run more smoothly.
Employment
The Bank of Maharashtra is an equal opportunity employer. All its recruitment processes base on merit and no discrimination takes place whether ethnic, religious or gender basis. It has a massive workforce that works hard to ensure the client's needs and wants are well catered for. The bank, in many instances, has helped in the recruitment of staff in various sectors of the government including ministries.
Young professionals appreciate the bank for providing them with a secured job. Employment is done on every post with the help of a competitive examination held every year. Working in Bank of Maharashtra is not only safe, but it also lets one serve the people.
Why People Trust It
There are several reasons why customers like Bank of Maharashtra:
It has many branches
Their facilities are simple and easy to use
Its workers are very kind and ready to help
Many small businesses and farmers get a lot of help
Trustworthy and Safe
Last Thoughts
The Bank of Maharashtra is a bank which is not merely a bank. It is one entity with the society. The bank provides assistance to every kind of people, be it a farmer in some remote village or an industrialist establishing his new unit in any metro city. Bank of Maharashtra is truly a people’s bank by way of strong fundament, modern service shield, and super growth determination.
Saving with, financing your business with or planning the future with Bank of Maharashtra.