Bank Of Maharashtra Bhubaneswar

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About Bank Of Maharashtra

The Bank of Maharashtra is the trusted name since 1936. It had set up a number of branches in the country to cater the financial needs of the country. Bhubaneswar, the capital city of Odisha is a planned city with developing infrastructure AND Bank of Maharashtra is playing its role in the growth of the city. It is categorized under the tier-2 city of India and is one of the emerging city which was declared as the best city for the business in the year 2014. The development of the city is sponsored by the finance and Bank of Maharashtra has helped many start up business by giving them the finances. The aim of the bank is to create an easily accessible platform to serve different sections of the society. It aims to walk ahead with the help of modern technology and reach every corner of the world.The bank wants to create a proactive, professional and enthusiastic workforce which can change the scenario and enhance the monetary needs of the masses. The bank has the far- fetched vision to be the customer centric and techno savvy. the bank has aimed to open a number of branches across the city so that both the bank as well as city can be benefitted from the expansion of business.

Address of Bank Of Maharashtra Branches in Bhubaneswar

There are a number of products and services that are offered by the Bank of Maharashtra like all kinds of loans and deposits. It helps the customer to do business with the bank at the time of requirement and fulfill their needs. below the basic details about the products offered by the bank is given:

Branch NameAddressIFSC CodeMICRCustomer Care
BHUBANESWARPlot No - 426/2260, Near N.H - 5, N.B Tower, Nayapalli, Bhubaneswar, Pin - 751012MAHB00011827510140020674-2564018

Products Offered by the Bank in Bhubaneswar

There are a number of products and services that are offered by the Bank of Maharashtra like all kinds of loans and deposits. It helps the customer to do have the best experience with the bank at the time of requirement and fulfill their needs.

Basic details about the Bank of Maharashtra products

ProductEligibilityLoan 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.
₹1.50 lakh11.75% - 12.75%1% of the loan amount + service tax (as applicable)36 months
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.
No maximum limit for metro cities
not more than ₹15,00,000 for rural areas.
Not more than ₹25,00,000 for semi- urban area.
8.75% - 8.85%Nil30 years
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%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.
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 salary.8.90% - 9.40%Nil84 months
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%0.25% of the loan amount ( minimum ₹ 500)60 months
Fixed depositBelow mentioned individual or group are eligible for a 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.Nil7 days to 10 years

Documents Required

The documents required by the Bank of Maharashtra Bhubaneswar are mentioned below:

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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