Bank of Maharashtra Corporate Net Banking Guide

Bank of Maharashtra Corporate Net Banking: Setup and Features

Bank of Maharashtra’s corporate net banking service, available at mahabank.co.in, allows businesses to manage multiple accounts, authorize high-value payments, and generate MIS reports. Registration requires a visit to the branch to submit the corporate internet banking application form.

Who Can Apply for Corporate Net Banking?

• Proprietorships, partnerships, and private or public limited companies
• Trusts, societies, and government bodies with a Bank of Maharashtra current or OD account
• Firms requiring multi-user access with maker-checker transaction authorization

How to Register for Corporate Net Banking

1. Visit your Bank of Maharashtra home branch and request the Corporate Internet Banking Application Form.
2. Fill in company details, account numbers, and user details (Administrator, Maker, Checker).
3. Attach required documents: Company registration certificate, PAN, board resolution, and authorized signatory ID proof.
4. Submit the form to the branch manager.
5. The branch sends a user ID and password to the registered email ID within 3 to 5 working days.
6. Log in at mahabank.co.in and change the password on first login.

Key Features of Bank of Maharashtra Corporate Net Banking

• Bulk payments: Upload payment files for salary disbursals, vendor payments, and utility bills.
• Maker-Checker workflow: One user initiates a transaction, another authorizes it for added security.
• NEFT, RTGS, IMPS: All fund transfer modes available with high transaction limits.
• Account statements: Download statements for all linked accounts in PDF or Excel.
• Trade finance: Access LC (Letter of Credit) and BG (Bank Guarantee) services online.
• MIS reports: Generate customized transaction and balance reports.

Corporate Net Banking Transaction Limits

Corporate accounts typically have higher transaction limits than retail accounts. The exact per-transaction and daily limits are set during account opening or can be revised by submitting a request at the branch. Contact your relationship manager for the latest limits applicable to your business account.

FAQ

Can multiple users be added to Bank of Maharashtra corporate net banking?

Yes. Corporate net banking supports multi-user access with distinct roles: Administrator (manages users), Maker (creates transactions), and Checker (approves transactions). This ensures accountability and dual-control security.

What if the corporate net banking password expires or gets locked?

Corporate net banking passwords expire after a set period. If locked, the Administrator user can reset access. If the Administrator account itself is locked, contact the branch or call the corporate helpdesk to reset credentials.

Is there a charge for Bank of Maharashtra corporate net banking?

Corporate internet banking may carry an annual subscription charge. Confirm the current fee with your branch or relationship manager, as it varies by account type and service package.

Key Takeaways

• Corporate net banking registration requires a branch visit with company documents.
• Supports maker-checker workflow for secure multi-user transaction authorization.
• Bulk payment uploads, MIS reports, and trade finance are available.
• Login credentials are emailed within 3 to 5 working days after submission.
• Transaction limits can be customized; contact your relationship manager.