Mahesh Bank RuPay Debit Card
We are pleased to inform the launching of RuPay Debit Card - India’s First Domestic Card. Presently RuPay Card can be used at ATMs POS & e-Commerce in India.
Key features of RuPay Debit Card:
Per Transaction - |
Minimum Rs.100/- |
Maximum Rs.10,000/- |
Per Day - |
Minimum Rs.100/- |
Maximum Rs.20,000/- |
Limit for purchases at Merchant Establishment on Point of Sale Terminal:
Per Transaction & Per Day |
Rs.50,000.00 |
Minimum Balance & Charges for not maintaining the same:
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Amount in Rs. |
Sno |
Description |
Savings Deposit -Normal |
Basic Savings |
Mahesh Juniors Savings Accounts |
Mahesh Super Mahila Savings Accounts |
Current Account |
1 |
Monthly Minimum Balance to be maintained |
1,000.00 |
No Minimum Balance |
1,000.00 |
500.00 |
3,000.00 |
2 |
Charges for not maintaining Min. Balance |
50.00 Plus |
N.A |
No Charges |
50.00 Plus Service Tax |
200.00 Plus |
Savings / Current Accounts.
All Transactions are free on our Bank’s ATMs for our Customers.
For withdrawal of Cash and non-financial transactions – up to 3 transactions per month are free for the transactions done on 6 Metro Cities i.e. Mumbai, New Delhi, Kolkata, Chennai, Bengaluru and Hyderabad. Transactions at other locations, 5 transactions are free. However, put together total 5 transactions per month are free subject to a maximum of 3 transactions at Metro locations.
Above free Transactions: Rs.20/- plus service tax per transaction will be charged.
Duplicate PIN – Rs.50/- plus taxes
Duplicate Card – Rs.100/- plus taxes
Annual Fees – Rs.100/- plus Service Tax after completion of one year from the date of issue.
Issuing of renewed Card – Rs.100/- plus Service Tax
Surcharge on POS transactions:
Transaction value <= 2000.00 - 0.75% plus Service Tax
Transaction value > 2000.00 - 1.00% plus Service Tax
b. Railway Ticket Booking - Rs.10/- plus Service Tax
* The charges are subject to changes from time to time as per the Bank policy.
Click here to download Application form for RuPay Debit Card facility
Click here to download Terms & Conditions form for RuPay Debit Card facility.
The application should be duly filled by the applicant and should be submitted at the Branch where he / she maintains the account along with the terms & conditions form duly signed.
Click here to know the address of Mahesh Bank ATMs.
Click here to know the list of member banks under NFS ATM Shared Network
Click here for User Manual & Terms and Conditions of Mahesh Bank RuPay Debit Card.
Customer's complaint on failed transactions will be resolved by bank within 7 working days from the date of receipt of complaint, failing which customer is entitled to a compensation for any delay of Rs100/- per day by the card issuing bank ( If complaint is lodged with in 30 days of the date of the transaction.)
For complaining about ‘Account debited Cash not dispensed’ – Click here
For other Complaints / Requests i.e. FOR ADDRESS CHANGE/ NEW PIN / BLOCKING OF CARD / CANCELLATION OF CARD / ISSUANCE OF DUPLICATE CARD - Click here
Core Banking
The bank is under Core Banking Services with “any where banking” facility. Customers may access their Bank accounts and perform bank transactions from any of the Bank’s branches.
Customer can..
For Service Charges please Click here ( to be linked to Services charges schedule)
To contact any of our branches for further details click here
e-Seva Services
Customers can pay their utility bills such as Electricity, Water, Property Tax and BSNL Telephone Bills at selected branches by using this facility.
e-tax payment services
Customers can avail these services and can pay their tax liability such as, income-tax, Tax deducted at source , Service Tax, Excise , VAT etc., from any of our branches.
To contact any of our branches for further details click here
Foreign Exchange Facility
The Bank renders Forex Serivces under A.D. - Category-II
The Money Transfer business in accordance with Memorandum AMC issued vide A.P. (DIR Series) Circular No. 43/A.P. (FL Series) Circular No.1 dated November 12, 2002. To release remit foreign exchange for the following transactions in terms of A.P. (DIR Series) Circular No. 25/A.P. (FL Series) Circular No.02 dated March 6, 2006:-
Customers can avail the Foreign Exchange services for the following activities:
For further information, please contact
the Foreign Exchange Officer on +91-40-23437100 (Ext: 218)
or through mail: nv.shastry@apmaheshbank.com , hofed@apmaheshbank.com --Check
Immediate Payment Service (IMPS)
Mahesh Bank Offers Immediate Payment Service (IMPS), a unique concept of mobile based account to account funds transfer for registered Bank account holders in collaboration with National Payments Corporation of India (NPCI).
What is IMPS?
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. IMPS would facilitate Mahesh Bank Customer's to send money instantaneously to any other person registered for IMPS service in any of participating banks, using application. All IMPS registered customers can also act as beneficiaries to receive money from any participating banks.
Key Features of IMPS
Download application (these downloads not working)
Application for High End Mobiles and Java based Smart Phones
Application for Blackberry Mobile Phones (Version 6.0 and above)
IMPS FAQ's
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. IMPS would facilitate Mahesh Bank Customer's to send money instantaneously to any other person registered for IMPS service in any of participating banks ,using application. All IMPS registered customers can also act as beneficiaries to receive money from any participating banks.
A common infrastructure has been set-up amongst participant banks, in association with the National payment Corporation of India, to enable real time funds transfers across banks.
MMID stands for Mobile Money Identifier. MMID is a 7 digit code issued by a participating bank to their Mobile Banking registered customers for availing IMPS service as a beneficiary.
A customer will have different MMID's for different accounts and all these can be linked to a single mobile number.
Yes, you need to have a Savings bank account with Mahesh Bank.
If you are a registered mobile banking customer of Mahesh Bank and have the application on the registered mobile number, no more registrations are required.
To send money from please do the following:
Login to Mahesh Bank
Select Fund Transfer Menu
Select Fund Transfer to Other Bank
Select InterBank Mobile Payment Service (IMPS)
Yes, this is possible. The same process would be followed that exists for registration for mobile banking service for linking an account to application.
The beneficiary ( Mahesh Bank or other Bank customer) should have their mobile number registered with their bank where he intends to receive the money. He should also have a valid 7 digit MMID provided by his bank. For each bank account number the beneficiary would have a different MMID. Different customers of a Bank can have same MMID's.
The beneficiary details required are: a. Beneficiary's 10 digit mobile number b. MMID of the beneficiary customer
The existing limits of Rs 2,00,000 per day using Application and using SMS its Rs 5000/ per day would apply.
You can receive up to Rs 2,00,000 per transaction using IMPS. You can receive multiple such transactions in a day. Total Limit for day per account is Rs.2,00,000/-
The beneficiary details required to send money are mobile number and MMID. Before funds are credited into an account the corresponding mobile number and MMID are verified and only if both match will there be a credit into the account.
IMPS transactions can be sent and received at any time and any day. There are no timing or holiday restrictions on IMPS remittances.
Yes. In case, Mahesh Bank customer's account is debited and beneficiary account is not credited, then customer call lodge a complaint with our call center by mentioning:
Customers query will be resolved within 9 working days.
For transactions which are successful, funds gets credited into the beneficiary's account immediately.
Yes, you can transfer money from your Mahesh Bank account to a beneficiary who has an account within the IMPS participating banks.
You will get an amount debited SMS on your registered cell phone on successful completion of the transaction.
The beneficiary can use the funds immediately on receipt of credit in the account.
SMS: Customers need to send MMID to 9223173095 to generate MMIDs for their accounts.
Yes. The customer has to get his mobile number registered with his/her Mahesh bank for availing IMPS. The registration process shall be as per their bank’s laid down procedures.
Yes. The customer can link the same mobile number to more than one account.
The bank will allocate a Mobile Account Selector (MAS) for each account of the mobile banking customers. The customer can select the account using this MAS allocated to him / her.
The combination of mobile number and MAS helps as a mistake proofing step for the remitter and tries to itigate the risk of wrong credit in-case the remitter enters erroneous mobile number.
The beneficiary details required are:
a. NBIN of the Beneficiary’s Bank,
b. Beneficiary’s mobile number,
c. MAS of his / her account linked to this mobile
National Bank Identification Number (NBIN) indicates the unique identification number of the bank offering mobile payment service.
At the time of mobile banking registration, bank would provide the customer with a User id and MPIN (Mobile Personal Identification Number) for accessing the mobile banking facility. An IMPS remittance will not be possible without these two inputs.
The beneficiary details required for making a remittance are NBIN, mobile number and MAS. When a wrong mobile number is entered there is a very high possibility of the transaction getting rejected on the basis of NBIN, mobile number and MAS combination.
IMPS transactions can be sent and received at any time and any day. There are no timing or holiday restrictions on IMPS remittances.
This is an anytime and anywhere type of channel provided by NPCI.
Yes. In case for any reason, technical or business, the IMPS transaction is not completed the reversal of the remitters funds will happen immediately. In case if such a transaction becomes a subject to reconciliation wherein the fate of transaction is not determined immediately, the reversal of funds will happen on the next working day.
The funds should be credited into the beneficiary account immediately.
Yes, the remitting customer can transfer funds to the beneficiary account in other banks.
Yes, the customer should have sufficient account balance to initiate a fund transfer.
The remitting bank sends a confirmation sms to the remitting customer about the transaction initiated by him / her.
The beneficiary bank sends a confirmation sms to the beneficiary customer informing him / her of the credit in the account.
OPTION |
SYNTAX & EXAMPLE |
Balance |
Balance (or) Balance SB <A/C No.> |
Mini |
Mini (or) Mini SB <A/C No.> |
IMPS |
IMPS <Benificiary Mobile No> <B.MMID> <Amount> <OTP Pin + last three digits of sender MMID > |
OTP |
OTP <M Pin> |
O Pin |
O Pin <old> <new> |
SMS has to be sent to |
9248077450 |
Money Transfer Facility
Customer can avail this facility for instant money transfer (inward remittances) through Western Union Money Transfer from abroad and can transact with any of our branches. Now, your loved one in India can collect the money you send via Western Union, at any of our branches.
This service is approved by The Reserve Bank of India and is the safest easiest and fastest way to receive, money from anywhere in the world to India.
To know more details contact any of our branches. Click here to go to branch list page.
Mutual Fund
The Bank has entered into a tie-up with the Reliance Mutual Fund, which is a 100% subsdiary of Reliance Asset Management Ltd.
Customers can avail this facility at any of our branches.
To contact any of our branches for further details click here
An open ended equity growth scheme through Reliance Mutual Fund. Growth & Vision, your key to success. Invest in mutual fund through Mahesh Bank
Reliance Mutual Fund Services details:
Mahesh Bank customers can avail the following services provided by Reliance Mutual Fund:
Pull SMS services: send sms to 9664001111
Type of facility |
Single Folio Number |
Multiple Folio Numbers |
NAV |
sms mynav |
sms mynav<space>last 6 digit folio number |
Balance |
sms balance |
sms balance<space>last 6 digit folio number |
Last 3 Transactions |
sms txn |
sms txn<space>last 6 digit folio number |
Statement through mail |
sms ESOA |
sms ESOA<space>last 6 digit folio number |
Office Address of Reliance Mutual Fund: 1-11-252/6 & 7/ A& B, 2nd Floor, Gowra Klassic, Begumpet, behind Shoppers Stop, Hyderabad-500016
Website:www.reliancemutual.com
Email:customer_care@reliancemutual.com
Customer service Help Desk :rmf.hyd@rcap.co.in & call us on 040-30916582
Toll free no. : 180030011111
Tel: 30301111
Redemption : 10 working days.
Registration/Modification/Cancellation of SIP: 21 working days.
Note : If an investor does not mention SIP start date or the SIP start date is unclear in the application from/SIP mandate, the SIP date will be by default, start from the next subsequent month after meeting the minimum registration required of 21 working days.
PAN Card Services
In terms of Section 206AA of Income tax Act, 1961, introduced by Finance (No. 2) Act, 2009, w.e.f. 1st April, 2010, it will be mandatory for every person including a non-resident, entitled to receive any sum or income or amount, on which TDS is deductible, to furnish his/her PAN to the Bank, failing which TDS will be deducted at the rate of 20% or rate applicable, whichever is higher.
Declaration in 15G/15H for non deduction of TDS shall be treated invalid if PAN is not quoted in the said forms and Bank shall proceed with deduction of TDS at higher rate as mentioned above.
Customers can avail the services for applying PAN CARD at designated branches of the bank.
Down Load form
To contact any of our branches for further details click here
RTGS Facility
Mahesh Bank provides RTGS facility from its own direct platform. Now transfer your funds instantly through our own platform.
Unlike cheque clearing, RTGS (Real Time Gross Settlement System) enables the customer to get his funds transferred on-line instantaneously to the desired account across the country.
Transactions can be outward or inward remittances i.e., Funds can be transferred or received by the customers under RTGS facility at a nominal cost.
LEVY OF CHARGES FOR RTGS / NEFT TRANSACTIONS
Electronic Products:
OFFLINE CHARGES: |
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RTGS: |
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Charge per transaction (Rs.) | |||
Above Rs.2.00 lac to Rs.5.00 lac | Rs. 20/- + applicable GST | ||
Above Rs.5.00 lac | Rs. 40/-+ applicable GST | ||
NEFT: |
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Upto Rs.10,000/- | Rs. 2/- + applicable GST | ||
Above Rs.10,000/- upto Rs.1.00 lac | Rs. 4/- + applicable GST | ||
Above Rs.1.00 upto Rs.2.00 lacs | Rs. 12/- + applicable GST | ||
Above Rs.2.00 lacs | Rs. 20/- + applicable GST | ||
ONLINE CHARGES:(OUR BANK) |
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RTGS & NEFT (online)outward charges - NIL |
These charges are applicable for all types of transactions including inter bank fund transfers and for transactions originated and payable in India.
RTGS / NEFT Application Form
Click here to download Application form for RTGS / NEFT Transfer Facility.
To avail this facility, contact any of our branch head
To contact any of our branches for further details click here
Basic Savings
Features
No Minimum Balance, No initial deposit to open the account.
No restrictions like Age, Income Criteria for opening BSBD Account.
All provisions of KYC, AML, PML are applicable.
Passbooks are given free.
Maximum of Four withdrawals in a month including ATM withdrawals;
RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free
No charges for all the above facilities
PMJDY
The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.