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Products Offered

  • Documentary credits
  • Documentary collections
  • Import financing
  • Export financing
  • Guarantees
  • Remittance facilities
  • Travel related forex services
  • Liberalized remittance Scheme
  • NRI services
  • Hedging for Exchange Risk

Letter of Credit:

  • Imports letters of Credit
  • Export LC Advising

Documents under Collection:

  • Export Bill under Collection
  • Import Bill under Collection

Issuing Bank Guarantee:

  • Bank of Maharashtra can issue the local guarantees against the counter guarantees of foreign Bank.
  • Being state owned bank, its guarantees are accepted by all including government departments and other Public Sector Undertakings.
  • Foreign Bank Guarantees are handled across the globe

Export & credit:

  • Pre-Shipment Export Finance / Packing Credits are available in both INR and Foreign Currency
  • Post-Shipment Export Finance / FOBN is available in both INR and Foreign Currency
  • Interest equalization for & selected sectors as per RBI guidelines

Remittances :

  • Inward Remittances.
  • Outward Remittances
  • Liberalized remittance Scheme for Individuals

Buyers’ Credit:

  • Exchange Control Clearance
  • SBLC/Bank Guarantee for availing Buyers’ Credit

RISK MANAGEMENT :

Forward contracts to hedge the exchange risk.

CAPITAL ACCOUNT TRANSACTIONS :

Bank handles all Capital Account Transactions and ensure its FEMA compliances as per RBI guidelines

  • Overseas Direct Investments (ODI)
  • Foreign Direct Investments (FDI)
  • External Commercial Borrowings  (ECB)

Bank of Maharashtra, India's leading Public Sector Bank offers Deposits,Loans,Digital products for personal Banking, Corporates,MSMEs & NRI Customers

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