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Bank of Maharashtra Money Transfer

Bank of Maharashtra transfer money service can be availed by all customers of Bank of Maharashtra. This service helps customers instantly transfer money from their Bank of Maharashtra account to anyone in India. Using this online Bank of Maharashtra fund transfer service you can transfer money from your account using your mobile phone and money will be deposited in beneficiary’s account in real-time.


Major advantage of online Bank of Maharashtra fund transfer service is that you can transfer money online without writing a cheque. As money is credited in beneficiary’s bank account in real-time, you don’t have to submit the cheque to them. To use this online transfer money service please download our app and register your Bank of Maharashtra accounts. After that you will have to generate a secure banking PIN and then using this PIN you’ll be able to transfer funds to anyone in India directly from your Bank of Maharashtra accounts.


Another benefit of this service is that you can do instant money transfers without adding beneficiaries. All transactions performed via our app are 100% safe and secure. As soon as money transfer is done, you will receive an SMS from Bank of Maharashtra and the beneficiary will get SMS from their bank.


Features of online Bank of Maharashtra money transfer service:
  1. Online, real-time money transfer from Bank of Maharashtra account
  2. Fund transfer without adding or registering beneficiaries
  3. Fund transfer between your own Bank of Maharashtra accounts. You can use this feature if you have multiple accounts with the bank
  4. Transfer money between Self accounts with other banks - from your Bank of Maharashtra account you can transfer money to your account in other banks
  5. Transfer money service works 24x7, 365 days a year
  6. Even on all Saturdays and Sundays as well as bank & public holidays you can do fund transfer
  7. All banks in India supported for money transfers
  8. Transfer limit is Rs. 1,00,000 per day from your Bank of Maharashtra account. This is the maximum limit as set by your bank
  9. You can make up to 10 transfers per day from your account. This is the maximum limit as set by your bank
  10. Online fund transfer service is absolutely free and you don’t have to pay any fees
  11. Instant confirmation from Bank of Maharashtra on money transfers. You’ll also get an SMS from the bank
  12. Beneficiary bank will also send SMS to the beneficiary, confirming the fund transfer
  13. BHIM UPI is used for transferring funds from your Bank of Maharashtra account to beneficiary’s bank account in real-time

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How to transfer money from Bank of Maharashtra account online:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your Bank of Maharashtra account
  3. For bank account registration, select Bank of Maharashtra
  4. All your Bank of Maharashtra accounts will be registered and activated for mobile banking
  5. Generate Bank of Maharashtra banking PIN
  6. Select Transfer Money
  7. Enter beneficiary’s name
  8. Enter beneficiary’s bank account number & IFSC code
  9. Enter amount
  10. Enter your banking PIN (which you generated in the previous step)
  11. Money will be debited from your Bank of Maharashtra account and credited in recipient’s bank account in real-time
  12. You’ll get an SMS from Bank of Maharashtra about the transaction. Recipient will also receive an SMS from their bank

Online transfer of money from your Bank of Maharashtra account is a very simple and quick process and you can use the transfer money service whenever required. Please keep in mind that the maximum transfer limit is Rs. 1,00,000 per day and 10 transactions per day.

Features of Online Money Transfer Service


Money transfer from bank account to anyone in India in real-time

Online Bank of Maharashtra money transfer service enables you to do fund transfer from your account to anyone in India in real-time. It is not necessary for the beneficiary to have an account with Bank of Maharashtra. They can have accounts with any bank in India and you can still do fund transfer in real-time.

Without adding beneficiary transfer money

Typically for online fund transfers you have to register and activate beneficiaries. But using our app you can do quick fund transfer without adding beneficiaries. For initiating fund transfer you only require beneficiary’s account number and IFSC code.

Fund transfer to Self account

One major advantage of online Bank of Maharashtra transfer money service is that you can transfer funds between your own accounts easily. If you have multiple accounts with the bank then you can easily transfer funds from one account to another. In fact even if you have accounts with other banks you can transfer money from Bank of Maharashtra account to other bank accounts.

BHIM UPI ID transfer money

Using online Bank of Maharashtra transfer money service you can even transfer money to beneficiary’s BHIM UPI ID. This helps you transfer money without requesting for beneficiary’s bank account number & IFSC code. Once you transfer money, it will be credited in the beneficiary’s bank account which is linked with their BHIM UPI ID. Fund transfer is done in real-time.

Transfer money to mobile number

Using our app you can even transfer money to your friends and family via their mobile number without requesting for their bank account number & IFSC code or BHIM UPI ID. Their bank account which is linked to their mobile number in our app will get credited in real-time after you transfer money to them.

Transaction limit

Transfer limit is upto 10 transfers on a daily basis, upto a total of Rs. 1,00,000. This is the transfer limit as set by Bank of Maharashtra.

Zero fees for using online money transfer service

Bank of Maharashtra offers online money transfer service for free of cost so that you don’t have to pay any charge for transferring money from your bank account to any account in India.

24x7 service

Online money transfer service is available 24x7 so that whenever required you can do fund transfer in real-time. This helps you do money transfers without visiting the branch or ATM. This service also works on weekends, bank holidays and public holidays.

Benefits of online transfer money service


Time saving: You can save a lot of time by using online Bank of Maharashtra transfer money service instead of visiting the branch or ATM or writing a cheque. You can use it to transfer money to beneficiary in real-time.

Easy access: Money transfer service is available online 24x7, 365 days a year so you can use it whenever required.

Cost saving: Bank of Maharashtra provides online fund transfer service to its customers free of cost hence there are no charges for transactions you perform.

Security: All Bank of Maharashtra mobile banking transactions are 100% secure due to linking of your account on your mobile number and your banking PIN

Multi Purpose: You can not only use Bank of Maharashtra money transfer service to transfer money to beneficiary, but also to recharge your mobile / DTH, pay electricity / gas / credit card bill, buy insurance, book fixed deposit, buy mutual fund, etc.

Bank of Maharashtra Online Money Transfer security

Bank of Maharashtra Online Fund Transfer is fully secured in following ways:

  1. UPI registration for your Bank of Maharashtra accounts can only be done on your mobile due to linking of your mobile number with your bank account
  2. To use BHIM services, you have to create a new UPI PIN using your debit card
  3. To perform financial transactions you have to use your Bank of Maharashtra UPI PIN. Without this PIN, no transaction will go through
  4. You can also set up app password so that no one can even open the app without knowing your app password
  5. You can also create a PIN or pattern lock for your phone so that no one can open your mobile

Timing of Bank of Maharashtra Online Transfer Money

  • As banking is extremely crucial in day to day life, Bank of Maharashtra UPI services can be used on all days, including Saturday and Sunday
  • Main benefit of BHIM is that you can use it at night as well
  • For your convenience, UPI facility is available even on bank holidays and public holidays
  • BHIM services are available throughout the year

Online Money Transfer Service Eligibility

To use Bank of Maharashtra Online Fund Transfer service you have to meet the following requirements:

  • You should have a savings or current account with Bank of Maharashtra
  • Your mobile number should be registered with your bank
  • You should have Android or iPhone mobile phone
  • You should have an internet connection either via SIM card or WiFi

Limitations of Online Transfer Money Service

Following are the limitations of Bank of Maharashtra online money transfer service:

  • It will only work if your mobile number is registered in Bank of Maharashtra
  • It will not work without Android or iPhone mobile phone
  • It will not work without internet connection
  • You can only transfer upto Rs. 1,00,000 per day per bank account
  • You can transfer upto 10 times per day per bank account

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