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Bank Of Maharashtra IFSC code, MICR code, Address

Bank Of Maharashtra branch details in India

  • Bank Of Maharashtra has 1,922 branches across India spread over 34 states and union territories.
  • Maharashtra state, with 1,181 branches has the largest number of Bank Of Maharashtra branches in India followed by Madhya Pradesh state with 144 branches and Uttar Pradesh state with 83 branches.
For IFSC Branch Details Click Here
Personal Loan
@ 10.99%*
Home Loan
@ 8.35%*
Gold Loan
@ 10.50%*
Business Loan
@ 13.50%*
Loan Against Property
@ 8.50%*
Earn 7%* On
Savings Account

Bank Of Maharashtra Statewise Branches

Statewise distribution of Bank Of Maharashtra branches in India is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the state where the branch is located.

IFSC Code of Other Banks

About Bank Of Maharashtra

  • Bank Of Maharashtra is a Public Sector Bank in India with 1,880 branches, 1,849 ATM's and 14,189 employees across the country.
  • Bank Of Maharashtra's registered office is located at 1501, Lokmangal, Shivajinagar, Pune, Maharashtra-411005 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 3,875 crs and Standalone net profit of Rs. 338 crs. Bank Of Maharashtra reported total deposits of Rs. 122,119 crs and total advances of Rs. 98,599 crs.
  • Bank Of Maharashtra's management is led by its CEO Mr. Sushil Muhnot.
  • Highest fixed deposit interest offered by Bank Of Maharashtra is 6.50% per annum on deposits.
  • Its current Base Rate is 9.70%, which was last revised on 05th Oct 15.
Bank Of Maharashtra Ifsc Code
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Bank Of Maharashtra News - Oct 2017
  • 2017-09-04 : Bank of Maharashtra waives processing fee on home and vehicle loans
    Bank of Maharashtra has completely waived off processing fees on its home loans and vehicle loans. Meanwhile, the bank also claims to offer zero processing fees when someone transfers a home loan from another bank during this festive offer period. The offer is available only to the bank customers till December, 2017.
  • 2017-08-07 : Bank of Maharashtra announces reduction in MCLR rates
    Bank of Maharashtra has slashed its marginal cost based lending rate (MCLR). For overnight, one month and three month maturities, the rates have been revised to 8.15 per cent, 8.20 per cent and 8.25 per cent respectively. The new MCLR rate for six month and one year is 8.60 per cent and 8.70 per cent respectively. The new MCLR rates are effective from 7th August, 2017.
  • 2017-06-20 : RBI initiates prompt corrective actions against Bank of Maharashtra over bad loans
    Reserve Bank of India (RBI) has initiated a prompt corrective action (PCA) against Bank of Maharashtra after evaluating its high net non-performing assets (NPAs) and negative return on assets (RoAs). The action taken by RBI will help in improving the profitability, efficiency and quality of its assets by reducing the bad loans.
  • 2017-06-16 : Bank of Maharashtra reduces MCLR by 35 bps
    Bank of Maharashtra has slashed its marginal cost of funds based lending rate (MCLR) by 35 bps. For overnight, one month and three month maturities, the rates have been revised to 8.30 per cent, 8.35 per cent and 8.40 per cent respectively. However, the bank has kept its MCLR rate unchanged at 8.75 per cent for six month and one year maturity. The new rates are effective from 7th June, 2017.
  • 2017-06-10 : Bank of Maharashtra signs MoU with livestock and crop registry of India
    Bank of Maharashtra has signed a memorandum of understanding (MoU) with livestock and crop registry of India for livestock registration. As per the agreement, the live cattles will be registered under livestock and crop registry of India (LCRI) for which the bank has provided loans. With this scheme, the bank aims to reduce the illegal sale of livestock purchased out of bank finance.
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