Bank of Maharashtra reduces rate of interes by 15 bps

Bank of Maharastra has reduced the rate of interest by 15 bps for the customers who belongs from the salaries class and have better CIBIL score on the eve of 85th Business Commencement Day. The bank has reduced the existing rate of 8.35% to 8.20% and existing 8.45% to 8.30%.

A. S. Rajeev, Managing Director & Chief Executive Officer of BOM, said “The fruits of the seed of solid foundation sown by founders of Mahabank eighty-five years ago had transformed in to today’s Bank of Maharashtra which is offering all modern-day banking services to its patrons with full commitment & dedication. The trust shown by more than 2.7 crore of customers is the true strength of the Bank.”

A. C Rout, Executive Director, Bank of Maharashtra, said, “This ‘Business Commencement Day’ should be celebrated as ‘Business Commitment Day’. The Bank is marching on the path of progress with safeguarding the interest of the customers and he emphasized that customer service needs to improve with the changing customers’ expectations.”
The event began with garlanding on the Founder Members Photograph and lightening of lamp. A Product Information Handbook was also released during the function.