Bank of Maharashtra Ahmedabad
Last Updated : May 9, 2018, 12:54 p.m.
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 Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Bhadra | Mavlankar Haveli, Vasant Chowk, Bhadra, Ahmedabad-380001 | MAHB0000213 | 380014002 | 079-2550081 |
| Relief Road | Imperial Building, 1St Floor, Opp Kalupur Police Station, Relief Road, Ahmedabad-380001 | MAHB0000393 | 380014003 | |
| Maninagar | Mukta Mahal, Maninagar, Bhairavnath Road, Ahmedabad-380008 | MAHB0000542 | 380014004 | |
| Hathijan | Near Shri Lal Gabi Aashram, Hathijan, Ahmedabad | MAHB0000702 | 380014011 | 079-25841036 |
| Navrangpura | Raja Complex, Near Vijay Char Rasta, Navrangpura, Ahmedabad-380009 | MAHB0000754 | 380014006 | |
| Ashram Road | 10, Embassy Market, Ashram Road, Ahmedabad-380008 | MAHB0000773 | 380014008 | |
| Narol | Kala Complex, 1St Floor, Narol Chowkdi, Transport Nagar, Ahmedabad-382405 | MAHB0000850 | 380014007 | |
| Keshavnagar | Ganga Kanchan Complex, Ground Floor, Opposite RTO, Keshavnagar, Ahmedabad-380027 | MAHB0000926 | 380014009 | |
| Ambavadi | Land Mark Apartment, Opposite Ahmedabad Stock Exchange-380015 | MAHB000097 | 380014010 | |
| Service Branch | 1st Floor, Raja Complex Opp Barista CafÉ Vijay Cross Road, Navrangpura, Karelibauh, Ahmedabad-380009 | MAHB0001153 | 380014001 | 079-26443919 |
| Naranpura | Shop No 7-9, Sanchet No III, Mir Ambikanagar, Near Kids Garden, Naranpura, Ahmedabad- 380015 | MAHB0001515 | 380014014 | |
| Sanand | Block No 5, Shrikripa Society, Park-II, Sarkhej Highway, Sanand, Ahmedabad | MAHB0001518 | 380014017 | 9374569239 |
| Surendranagar | Labh Complex, Opposite M P Shah Arts & Science College, Surendranagar, Ahmedabad-363001 | MAHB0001519 | 363014001 | 9825936011 |
| Chandkheda | 67/68, Highway Mall, Near Chankheda Bus Stop, Chandkheda, Ahmedabad-382424 | MAHB0001924 | 380014023 | 9638214472 |
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
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Personal Loan | The 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 lakh | 12.95% p.a. | 1% of the loan amount + service tax as applicable | Upto 3 Years |
| Car Loan | The 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 salary | 8.95% - 9.70% p.a. | NIL | Upto 7 Years |
| Home Loan | The 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 Loan | The 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. | NIL | Moratorium 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 Loan | The 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 Deposit | The 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. | NIL | 7 days to 10 years |
Documents Required to Obtain Loans from Bank of Maharashtra in Ahmedabad
| Product | Documents |
|---|---|
| Personal Loan | 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. |
| Car Loan | 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 Bank statement – Last 3 months bank statement/ last 6 months bank passbook. |
| Home Loan | Documents 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 Loan | Duly 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 Loan | 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 Bank statement – Last 3 months bank A valid driving license Assessment order |
| Fixed deposit | A 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. |