Bank of Maharashtra Ahmedabad

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About  Bank Of Maharashtra

Bank of Maharashtra, a state-owned bank, has expanded its base in India considerably since the time of inception in 1936. Founded by V.G. Kale and D.K. Sathe, the bank gradually found its way by taking its overall branch count to around 2,000. The bank was registered by its founders with an authorized capital of ₹ 10 lakh. Initially, the vision of the bank was mainly towards offering loans and deposits to provide a fillip to the economy of Maharashtra, a western Indian state. But with time, it changed its strategy and established branches all across the country. Today, it has a presence in tier-I, tier-II, tier-III cities and even beyond.

The bank runs its business in the areas of consumer banking, international banking, corporate banking, and various other segments. The innovative products coupled with the use of the latest technology enables the bank to fulfill diverse customer requirements. 

Ahmedabad, the largest city in the state of Gujarat, is full of top corporates to small enterprises running their various projects. Even it houses top business graduates. 

Bank of Maharashtra has around 15-20 branches in the city of Ahmedabad.  So, all those who are staying in Ahmedabad and wanting to know the branches of Ahmedabad, they can see the information in the table below. Not only the branch location, but you can also get to see the IFSC & MICR details, along with the contact numbers.

Bank of Maharashtra Ahmedabad Branches 

Branch NameComplete AddressIFSCMICRContact Detail
BhadraMavlankar Haveli, Vasant Chowk, Bhadra, Ahmedabad-380001MAHB0000213380014002079-2550081
Relief RoadImperial Building, 1St Floor, Opp Kalupur Police Station, Relief Road, Ahmedabad-380001MAHB0000393380014003
ManinagarMukta Mahal, Maninagar, Bhairavnath Road, Ahmedabad-380008MAHB0000542380014004
HathijanNear Shri Lal Gabi Aashram, Hathijan, AhmedabadMAHB0000702380014011079-25841036
NavrangpuraRaja Complex, Near Vijay Char Rasta, Navrangpura, Ahmedabad-380009MAHB0000754380014006
Ashram Road10, Embassy Market, Ashram Road, Ahmedabad-380008MAHB0000773380014008
Narol Kala Complex, 1St Floor, Narol Chowkdi, Transport Nagar, Ahmedabad-382405MAHB0000850380014007
KeshavnagarGanga Kanchan Complex, Ground Floor, Opposite RTO, Keshavnagar, Ahmedabad-380027MAHB0000926380014009
Ambavadi Land Mark Apartment, Opposite Ahmedabad Stock Exchange-380015MAHB000097380014010
Service Branch1st Floor, Raja Complex Opp Barista CafÉ Vijay Cross Road, Navrangpura, Karelibauh, Ahmedabad-380009MAHB0001153380014001079-26443919
NaranpuraShop No 7-9, Sanchet No III, Mir Ambikanagar, Near Kids Garden, Naranpura, Ahmedabad- 380015MAHB0001515380014014
SanandBlock No 5, Shrikripa Society, Park-II, Sarkhej Highway, Sanand, AhmedabadMAHB00015183800140179374569239
SurendranagarLabh Complex, Opposite M P Shah Arts & Science College, Surendranagar, Ahmedabad-363001MAHB00015193630140019825936011
Chandkheda67/68, Highway Mall, Near Chankheda Bus Stop, Chandkheda, Ahmedabad-382424MAHB00019243800140239638214472

Products Offered by Bank of Maharashtra in Ahmedabad

For the people of Ahmedabad, Bank of Maharashtra has many products to avail of. If you are staying in Ahmedabad, you have the choice of a home loan, education loan, car loan, personal loan, fixed deposits and others. Picking any of the products would depend greatly on your needs, right! You can see the details of these products and see whether they are the best bet for your goals or not.

Basic Details of Bank of Maharashtra Loans in Ahmedabad

ProductEligibility Loan AmountInterest RateProcessing FeeTenure
Personal LoanThe applicant should be at least 21 years of age at the time of application and the maximum age should be at least 60 years at the time of loan maturity.

The minimum net annual income of the applicant should be ₹ 3,00,000 per annum.

The minimum work experience should at least be 2 years. The applicant should have the minimum of 1year work experience with the current organization

1 year relationship with the bank.
Upto ₹1.50 lakh12.95% p.a.1% of the loan amount + service tax as applicableUpto 3 Years
Car LoanThe applicant should be at least 18 years of age at the time of application and the maximum age should be at least 60 years at the time of loan maturity.

The minimum net annual income of the applicant should be ₹ 3,00,000 per annum.

The applicant should be a government employee or defence personnel.
36 times of the net monthly salary8.95% - 9.70% p.a.NILUpto 7 Years
Home LoanThe applicant should be at least 21 years of age at the time of application and the maximum age should be at least 60 years and 65 years for self- employed/ professional.

The age limit at the time of loan maturity should be 75 years.
The applicant should be salaried individual, self- employed and farmers holding at least 5 acres of land.

The minimum work experience should at least be 2 years.

The applicant should have the minimum of 1year work experience with the current organization and self- employed should have a regular source of income with latest ITR.
Education LoanThe student should be the resident of India.
Should have secured the admission through entrance exam/ merit based selection.
The student should have the guarantor/ collateral.
For India-₹ 10 lakh
For abroad-₹ 20 lakh
9.20% - 10.95% p.a.NILMoratorium course period + 1 year 0r 6 months after getting the job.
Up to 10 years after moratorium for amount under ₹7.5 lakh and up to 15 years after moratorium for more than ₹ 7.5 lakh.
Vehicle LoanThe applicant should be at least 18 years of age at the time of application and the maximum age should be at least 60 years at the time of loan maturity.
The minimum net annual income of the applicant should be ₹ 3,00,000 per annum.
The applicant should be salaried individual, self- employed and farmers holding at least 5 acres of land.
The minimum work experience should at least be 2 years. The applicant should have the minimum of 1year work experience with the current organization and self- employed should have a regular source of income with latest ITR.
Up to 20 times of the net salary amount for the salaried individual.
Up to 2 times of the total annual income for the self- employed.
9.70% p.a.0.25% of the loan amount ( minimum ₹ 500)Upto 5 Years
Fixed DepositThe applicant should be the resident of India.
Hindu undivided family
Sole proprietorship firms
Partnership firm
limited companies
trust accounts.
Bank decide from time to time on maturity pattern.NIL7 days to 10 years

Documents Required to Obtain Loans from Bank of Maharashtra in Ahmedabad 

ProductDocuments
Personal LoanID Proof – Passport/ Voter ID/ PAN Card.
Age Proof– Birth certificate/ passport
Residence Proof– Passport/ Utility bill/ Allotment letter.
Income Proof– Latest Salary slip/ ITR/ form- 16
Signature Verification Proof- Passport/ PAN Card.
Bank statement – Last 3 months bank statement/ last 6 months bank passbook.
Car LoanID Proof– Passport/ Voter ID/ PAN Card.
Age Proof– Birth certificate/ passport
Residence Proof– Passport/ Utility bill/ Allotment letter.
Income Proof– Latest Salary slip/ ITR/ form- 16
Bank statement – Last 3 months bank statement/ last 6 months bank passbook.
Home LoanDocuments of the applicant and guarantor-
ID Proof – Passport/ Voter ID/ PAN Card.
Age Proof– Birth certificate/ passport
Residence Proof– Passport/ Utility bill/ Allotment letter.
Income Proof –Latest Salary slip/ ITR/ form- 16
Signature Verification Proof- Passport/ PAN Card.
Bank statement – Last 3 months bank statement/ last 6 months bank passbook.
Detailed information about the other loan if you are currently paying along with lenders information and security mortgage.
Property Documents-
Agreement sale copy.
Certificate of possession.
Land tax receipt.
Detailed cost of construction.
Letter of allotment
Original NOC
Education LoanDuly filled application with recent photographs.
Residence Proof– Passport/ Utility bill/ Allotment letter.
Date of Birth proof
Certificate of Domicile
Fee particulars from school/ college
Scholarship proof
Study Certificate
Vehicle LoanID Proof– Passport/ Voter ID/ PAN Card.
Age Proof– Birth certificate/ passport
Residence Proof – Passport/ Utility bill/ Allotment letter.
Income Proof– Latest Salary slip/ ITR/ form- 16
Bank statement – Last 3 months bank
A valid driving license
Assessment order
Fixed depositA coloured photograph
Passport/ Driving License
Last six months bank account details

Documents required from the trust, association/ clubs for the fixed deposit are as follows
Photographs of the member operating the account.
A Copy of the Trust Deed/ Bye- laws of the association.
A Copy of registration certificate.
A Copy of the resolution of trustee authorizing the member to operate and open the accounts.

 

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