1. What are the international banking facilities provided by the Bank of Maharashtra?

Bank of Maharashtra through its correspondent banking network provides options to its eligible customers for receiving international remittances, making foreign currency transactions and availing other cross-border banking services.

2. Can NRIs open a Bank of Maharashtra Account from outside India?

Yes, qualified NRIs / PIOs / OCIs can open an NRI account from outside India on submission of prescribed application form along with required attested KYC documents subject to the documentation requirements of the bank.

3. Does Bank of Maharashtra offer Internet Banking for NRIs?

Yes, qualified non-resident Indians (NRIs) can access and operate their accounts from abroad through the internet and other digital banking services provided by Bank of Maharashtra.

4. Does the Bank of Maharashtra offer NRI banking services?

Yes, Bank of Maharashtra offers specific NRI banking services including NRE, NRO and FCNR (B) accounts, remittance facilities, digital banking services and help with investment for NRI in India.

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Bank of Maharashtra International Branches

Bank of Maharashtra supports global banking needs through its network of correspondent banking relationships across 11 countries and 15 international banking locations. These overseas banking arrangements provide for remittances, foreign currency transactions and cross border financial services.

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Key Global Banking Locations

Bank of Maharashtra’s overseas transactions and remittances are facilitated by its global correspondent banking network. It also serves customers looking for worldwide banking access combined with the best investment plans in India. Bank of Maharashtra has correspondent banks and overseas banking locations as mentioned below.

Country	Location	Address
United Kingdom	London	Standard Chartered Bank, 1 Basinghall Avenue, London EC2V 5DD, UK
United Kingdom	London	Bank of New York, London Branch, One Canada Square, London E14 5AL, UK
United States	New York	Wachovia Bank N.A., 11 Penn Plaza, 4th Floor, New York, NY 10001, USA
United States	New York	Bank of New York, 48 Wall Street, New York, NY 10286, USA
United States	New York	Standard Chartered Bank, 1 Madison Avenue, New York, NY 10010, USA
Canada	Toronto	Bank of Nova Scotia, 44 King Street West, Toronto, Ontario M5H 1H1, Canada
Japan	Tokyo	Bank of New York, Tokyo Branch, Marunouchi Trust Tower Main Building 1-8-3, Chiyoda-ku, Tokyo 100-0005, Japan
Switzerland	Zurich	Credit Suisse Bank, Paradeplatz 8, 8070 Zurich, Switzerland
Sweden	Stockholm	Skandinaviska Enskilda Banken, Utlandserkontran, S-106-40 Stockholm, Sweden
Australia	Melbourne	National Australia Bank Ltd., GPO Box 84 A, 500 Bourke Street, Melbourne VIC 3000, Australia
Denmark	Copenhagen	Den Danske Bank, A/S 2 Holmens Kanal, DK 1091, Copenhagen, Denmark
Singapore	Singapore	Bank of India, Singapore Branch, Hong Leong Centre, 138 Robinson Road, Singapore 068906
Germany	Frankfurt am Main	Commerzbank AG, 60261 Frankfurt am Main, Germany
Germany	Frankfurt	Standard Chartered Bank, Frankfurt, Germany
Hong Kong	Hong Kong	Standard Chartered Bank, Hong Kong

NRI Account Meaning and the Opening Process

NRI account meaning refers to a bank account specially designed for Non-Resident Indians (NRIs) to manage their savings, income, remittances, and investments in India while living abroad. Bank of Maharashtra offers NRE, NRO and FCNR(B) accounts, remittance and digital banking services to NRIs.

The NRI account opening process can start with the following steps for NRIs:

Download the Form: Obtain the NRE/NRO account opening form and KYC document checklist.
Fill out the application: Give the information needed to open the account.
Submit Documents: Submit the pictures, passport, visa, address proof of abroad, KYC documents, etc.
Document attestation: Get documents attested by Notary Public, Indian Embassy or Consulate, if required.
Submit the application: Send the filled application along with the required attested documents to the concerned branch of Bank of Maharashtra in India.
Fund the Account: Deposit funds through the approved banking channels.
Account activation: The account is activated once the bank has completed its verification of the account.

Key Takeaways

Bank of Maharashtra provides special NRI financial services and has a global correspondent banking network for the ease of NRIs. The bank offers NRE, NRO, FCNR (B) accounts, inbound and outbound remittance services, digital banking solutions and investment related guidance. With international financial arrangements and correspondent banks all over the world, NRIs may manage their accounts effortlessly and maintain their banking links with India.

FAQs

1. What are the international banking facilities provided by the Bank of Maharashtra?

Bank of Maharashtra through its correspondent banking network provides options to its eligible customers for receiving international remittances, making foreign currency transactions and availing other cross-border banking services.
2. Can NRIs open a Bank of Maharashtra Account from outside India?

Yes, qualified NRIs / PIOs / OCIs can open an NRI account from outside India on submission of prescribed application form along with required attested KYC documents subject to the documentation requirements of the bank.
3. Does Bank of Maharashtra offer Internet Banking for NRIs?

Yes, qualified non-resident Indians (NRIs) can access and operate their accounts from abroad through the internet and other digital banking services provided by Bank of Maharashtra.
4. Does the Bank of Maharashtra offer NRI banking services?

Yes, Bank of Maharashtra offers specific NRI banking services including NRE, NRO and FCNR (B) accounts, remittance facilities, digital banking services and help with investment for NRI in India.

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*Past 10 Year annualised returns as on 01-08-2026
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
^Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar

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