Interested in financial products
CreditMantri
Processing

Introduction

Bank of Maharashtra is a leading public sector bank in India having a dominant presence in the state of Maharashtra. The net banking facility of the bank is among the many services of the bank that can be availed by its customers. The current charges for the internet banking services of the bank are tabled below.

NEFT

RTGS

Limit 

Charges per transaction (free for digital mode)

Limit 

Charges per transaction (excluding taxes)

Up to Rs. 10,000 

Rs.2.5 

Rs.2,00,000 to Rs. 5,00,000  

Rs. 25 (Across counter)

Rs. 5 (digital mode)

Rs. 10,001 to Rs. 1,00,000

Rs. 5

Above Rs. 5,00,000 

Rs. 50 (Across counter)

Rs. 10 (digital mode)

Rs. 1,00,001 to Rs. 2,00,000

Rs. 15

Above Rs. 2,00,000

Rs. 25

What is net banking?

Bank Of Maharashtra Net Banking

Net banking service of Bank of Maharashtra is known as Mahaconnect. These services are available to all the existing customers of the bank. The customers who hold a savings bank account, current bank account or any other active account as per the guidelines of the bank are eligible for net banking. The net banking services of the bank is a secure portal that allows them to carry out banking transactions without any need to physically visit the branch of the bank.

What are the features of Mahaconnect?

The net banking services of Bank of Maharashtra provide the ease of anywhere and anytime banking to the customers. Net banking allows customers to carry out many banking services. Some of such services are mentioned below.

  • Make payments for utility bills like electricity bills, water bills, gas bills, etc.
  • Mahaconnect can also be used to make LIC premium payments, as well as various donations, SBI credit card payments
  • Mahaconnect can also be used to make railway reservations or use it for online shopping.
  • Customers of bank of Maharashtra can also use the internet bank services for payment of taxes. Some examples of such payments are listed below.
    • GST Payments
    • Excise or Service Tax payments
    • Direct taxes or TDS
    • Custom duties
    • VAT Payment
  • Another benefit of net banking services of Bank of Maharashtra is starting an online Demat account and a trading account
  • Mahaconnect can also be used to enrol in various Government and Non-Government Schemes. Some examples of such schemes are mentioned below,
    • Demat services
    • PPF account
    • NPS account
    • Mutual fund services
    • Insurance products
    • Safe deposit locker

Is registration for net banking services necessary?

Registration to net banking services of the bank is mandatory for the account holders to use net banking services. The bank has made it mandatory for the users to use Mahasecure for accessing the net banking services with a view to make it a secure portal for the users. All the credentials of the user are encrypted to protect the users from any kind of fraud or misuse of the data.

What is the process of registration for Mahaconnect?

Bank of Maharashtra requires the account holders to register for the net banking services of the bank through an offline mode. This offline mode of registration is applicable for retail customers as well as corporate customers. The steps for application to the Mahaconnect portal are mentioned below.

  • Visit the website of the bank
  • Click on the following link to get the form for internet banking Home>> Personal banking>> Digital banking>> Internet banking>> How to Apply for Mahaconnect?
  • Customers will get the link to download the application form for Mahaconnect services of the bank (alternatively, customers can also get the form by visiting the home branch and getting the form directly from there).
  • The next step is to click on the required category of the application form (whether for retail customers or corporate customers)
  • This form has to be duly filled and submitted at the branch of the bank for further processing.
  • After the form is verified and approved, the account holder will receive a user id, login password and a transaction password which can be used to log in to the Mahaconnect portal of the bank.
  • Before connecting to the internet banking portal, the users will have to activate the user id provided by the bank. For this, they will have to call the bank on the toll-free number 1800 233 4526/ 1800 102 2636. Customers cannot access the net banking portal without activation of their user id through this step.

FAQs – Bank of Maharashtra net Banking

1. Where can customers file a complaint for any issue regarding the Mahaconnect services of the bank?

A. In case of any issues with the Mahaconnect services of the bank, the customers can contact the bank through any of the following modes,

  • Toll free numbers – 1800 233 4526/ 1800 102 2636
  • Email id – Mahaconnect[at]mahabank[dot]co[dot]in
  • SMS based support – SMS ASSIST to 9223181818

2. How can a person reset the password of the internet banking account?

A. Customers may need to reset the net banking passwords on multiple occasions, the most common of which being when they forget the password to the net banking account. In such cases, they can reset the password using the following steps.

  • Visit the login page of Bank of Maharashtra internet banking at the following link https://www.mahaconnect.in/
  • After that, the users need to select the category of customers they belong to (whether retail or corporate) available on the right side of the page under ‘Login’
  • They will be taken to a new page where they will have to click on ‘Forgot Password’
  • This will further redirect them to a new page where they will be required to fill in the basic details mentioned below,
    • User id
    • Type of user (select from drop-down box – whether Indian or NRI)
    • Registered mobile number (with country code)
    • Mode of delivery (select from drop-down box whether by email/post)
    • Enter captcha code
    • Select the service for which password has to be generated from the available options
    • Click on ‘Submit’

3. Are there any charges for inwards funds transfer through NEFT or RTGS?

A. No. The inwards funds transfer through NEFT or RTGS is free of charge.

4. Odes the bank levy any charges for outwards funds transfer through RTGS through digital banking?

A. Yes the charges for outwards funds transfer through RTGS through digital banking are RS. Rs. 5 per transaction for transfer from Rs. 2,00,000 to Rs. 5,00,000 and Rs. 10 per transaction for transfer above Rs. 5,00,000

5. Are the customers required to use the Mahasecure portal for net banking services of the bank?

A. Yes. The bank mandatorily requires the users to connect through the Mahasecure portal for net banking services of the bank.

×Thank you! Your comment will be reviewed and posted shortly.

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.