Top Banks 2024
Bank Of Maharashtra Chennai
Last Updated : Jan. 27, 2017, 11:05 a.m.
About Bank of Maharashtra
Bank of Maharashtra has been set up in 1936 for supporting the trade and commerce by providing the finances in Maharashtra. Now, it envisions to capture the world and make its presence felt globally. It has moved ahead with time and has expanded its branch throughout the country and is ready to make the change globally. It has set up many branches in the city of Chennai. Many industries large scale as well as the small and medium scale has their offices in the city. The companies have made business with the collaboration of the bank. It tries to cater all the financial requirements of the people along with the company. So, that the bank has the contribution in the development of the city and the bank can also earn the profit. The vision of the bank is to provide easy and accessible experience to its customers. It wants to move ahead with the continuous and latest use of technology to serve different sections of the society.
Address of Bank of Maharashtra Branches in Chennai
| Branch Name | Address | IFSC Code | MICR | Customer Care |
|---|---|---|---|---|
| Broadway, Chennai | Shree Gujarati Mandal Bldg 116, Broadway Chennai 600108 | MAHB0000300 | 600014002 | 044 - 25395923 |
| Mount Road, Chennai | 603, Anna Salai, Chennai - 600006 | MAHB0000400 | 600014003 | 044 - 28293181 |
| T.Nagar, Chennai | 4, Sivagnanam Road, T.Nagar, Chennai 600017 | MAHB0000450 | 600014004 | 044 - 24346039 |
| Besant Nagar, Chennai | E 139/A, 31st Cross, Besant Nagar, Chennai 600017 | MAHB0000571 | 600014005 | 044 - 24918120 |
| Ashok Nagar, Chennai | 33, 1st Avenue, Ashok Nagar, Chennai 600017 | MAHB0000676 | 600014006 | 044 - 24892537 |
| Shenoy Nagar, Chennai | 17/1, Pulla Avenue, Shenoy Nagar, Chennai - 600030 | MAHB0001167 | 600014007 | 044 - 26640349 |
| Mylapore, Chennai | 16, East Mada Street, Mylapore, Chennai - 600004 | MAHB0001204 | 600014010 | 044 - 24614357 |
| Neelangarai, Chennai | 349, East Coast Road, Chennai - 600041 | MAHB0001205 | 600014008 | 044 - 25383460 |
| Valmikinagar, Chennai | Sri Sai Subhodaya, 57/23, Muttukadu Road, Valmiki Nagar, Chennai - 600017 | MAHB0001206 | 600014009 | 044 - 24482244 |
| Service Branch, Chennai | 116, Sri Gujarathi Mandal, Broadway, Chennai - 600108 | MAHB0001218 | 600014001 | 044 - 25395923 |
| Tambaram | No.28, Old No.78, Anna Street, Chitlapakkam, Tambaram Taluka, Tambaram Revenue Firka, Chennai - 600064 | MAHB0001418 | 600014011 | 044 - 22230121 |
Products Offered by the Bank in Chennai
If you live in Chennai and want to know about the best bank to do business with. The answer is Bank of Maharashtra. It provides all types of products for its customer. The wide range of products include the different types of loans and deposits. It offers the personal loan, home loan, car loan, gold loan etc. To fulfill the monetary aspect of the people. You can also make the investment by keeping your money in the fixed deposit account to get good returns.
Basic details about Bank of Maharashtra products
| 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. | ₹1.50 lakh | 9.50% - 12.80% | 1% of the loan amount + service tax (as applicable) | 36 months |
| 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. | 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. | 8.60% - 10.80% | Nil | 30 years |
| 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% | 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. |
| 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. | 6.40% onwards | Nil | 84 months |
| 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% | 0.25% of the loan amount ( minimum ₹ 500) | 60 months |
| Fixed deposit | Below 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. | Nil | 7 days to 10 years |
Documents Required
The documents required for the Bank of Maharashtra Chennai are mentioned below:
| 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. |