Bank of Maharashtra Banking Services

Bank of Maharashtra is one of the major public sector banks in India. It plays an important role in supporting economic growth and financial initiatives in different segments of the society. It has many branches and ATMs all across the country. The bank focuses on providing agricultural loans, Micro, Small & Medium Enterprises financing and retail banking. It offers a diverse range of banking and financial services such as savings and current accounts, loans, deposits, investment options, and various digital banking services. You can use the digital banking for many banking activities. There is also phone banking service. Customers can call the Bank of Maharashtra balance check number to check their account balance. Let’s try to discuss all the services provided by the bank.

How to open an account with Bank of Maharashtra?

To open an account with Bank of Maharashtra, refer to the steps given below.

1. Decide which type of account you want to open—savings account, current account, or any other specialised account offered by Bank of Maharashtra.
2. Visit any nearby Bank of Maharashtra along with your personal identity documents. You need documents like proof of identity such as passport, PAN card, Aadhar card, etc. proof of address : it can be your utility bills, rental agreement, etc. and passport-sized photographs. The specific requirements may vary based on the type of account and policies of the bank.
3. Ask the staff for an account opening form. 
4. Fill the form with the required details such as your name, address, and other personal details. You have to fill in the name of one of your family members or someone who is near to you as the nominee. 
5. Submit it with the photocopy of the documents required.
6. Submit the necessary documents along with the filled application form.
7. After submission, your documents will undergo verification. If your application is verified, you may be required to deposit the initial amount specified by the bank to activate the account.
8. Once everything is processed and approved, you will receive your account kit containing the account details, chequebook, debit card, and other related information.

Balance check through Bank of Maharashtra balance check number

To check your Bank of Maharashtra account balance through phone call, 

• You can just dial Bank of Maharashtra balance check number 1800-233-4526 from your registered mobile number. 
• Select the language of your preference. 
• Then, your call will be connected to a customer care executive or an IVR. 
• Sometimes, you are given many options along with numbers to press. 
• Press the number for balance check and allow the call to be disconnected. 
• Shortly after the call is disconnected, the bank will send you an SMS containing the details of your account.

For this service, you need to register your mobile number.

1. For online registration, go to the official website of Bank of Maharashtra.
2. Then, go to the profile section and select the option “update mobile number”.
3. You will be asked to enter the mobile number you wish to update. Enter it and enter all the required details.
4. Then, your mobile number will be registered with Bank of Maharastra.
5. If you want to register it offline, go to a nearby Bank of Maharashtra.
6. Ask the staff for a mobile number registration form. 
7. Fill it with all the required information such as your personal details, account details and the mobile number you wish to register.
8. Submit it along with some identity proof documents. When the form is verified and approved, your Mobile number will be registered with the bank.

You can check other bank’s account balances following the same steps given above. The balance check numbers of some major banks in India are given below.

How to apply for loan in Bank of Maharashtra

There are different types of loans offered by the bank such as home loan, vehicle loan and personal loans. The bank also offers agricultural loans where you can apply for farm mechanisations like tractors and power tillers, and loans for the construction of farmhouses.

Here is how you can apply for loans.

1. First, decide the specific type of loan you need whether it is personal loan, home loan, car loan, agricultural loan, etc.
2. Check out the interest rates, repayment terms, and eligibility criteria.
3. Prepare all the required documents such as ID proof, address proof, income statements, bank statements, and collateral documents.
4. Then, fill the loan application form with all the required details such as your name, account number, loan type, and duration. 
5. You can either submit the form to the bank or you can also apply for the loan online through their website. You also have to submit all the necessary documents to the bank.
6. The bank will review your application and verify the provided information. If your application is approved, the bank will issue a sanction letter with the terms and conditions of the loan.
7. After you agree to the terms and conditions of the loan, the amount will be disbursed to your account or as per the agreed mode.
8. Then, you will start repaying the loan EMI as per the agreed schedule.

Required documents

Bank of Maharashtra requires specific documents to establish proof of identity and residence for a personal loan application:

Proof of Identity

Any one of the following documents:

• Voter ID Card
• PAN Card
• Aadhaar Card
• Driving License
• Photo ID issued by the current employer
• Passport

Proof of Residence

Any one of the following documents:

• Electricity bill
• Voter ID Card
• Telephone bill (landline)
• Aadhaar Card
• Driving License
• Photo ID issued by the current employer
• Passport