Services
  • 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:

    • Access to more than 1.70 lacs  plus ATMs across India
    • Accepted on more than 10 lacs Point of Sale Terminals at various Merchant Establishments displaying RuPay Logo
    • The card can also be used for purchases / payments through internet i.e. e-commerce, Payment of Utility Bills, e-shopping etc (Introducing shortly)
    • The Card can be used only with PIN
    • No threat of card misuse when lost/stolen.
    • Card would be accepted only at secured PIN based POS terminals.
    • Free Accidental Insurance of Rs.1.00 lac
    Limit for Cash Withdrawal at ATM:

    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:

     

     

     

     

     

     

    Amount in Rs.

    Sno

    Description

    Savings Deposit -Normal

    Basic Savings
    Deposit Account

    Mahesh Juniors Savings Accounts

    Mahesh Super Mahila Savings Accounts

    Current Account

    1

    Monthly Minimum Balance to be maintained

     

    1,000.00

    No Minimum Balance
    Required

     

    1,000.00

     

    500.00

     

    3,000.00

    2

    Charges for not maintaining Min. Balance

    50.00 Plus 
    Service Tax

    N.A

    No Charges

    50.00 Plus Service Tax

    200.00 Plus 
    Service Tax

    Charges for Transactions:

    Savings / Current Accounts.

    - Transactions on Mahesh Bank ATMs:

    All Transactions are free on our Bank’s ATMs for our Customers.

    - Transactions on other NFS Member Banks’ ATMs

    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.

    Other Charges

    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:

    1. Fuel Refilling

    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 Complaints

    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.)

    Download Complaint Forms

    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

    FAQs on ATMs

  • 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..

    • Deposit cash in any branch other than home branch upto Rs.50,000/- per day in Savings Bank Account and upto Rs.2.00 lacs in Current Account.
    • Transfer funds from their account at Home branch to any other account with any Mahesh Bank’s Branch.

    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:

    • Private Visits.
    • Remittance by tour operators/travel agents to overseas agents/principals/hotels.
    • Business Travels.
    • Fees for participation in global conferences and specialized training.
    • Remittance for participation in international events / competitions (towards training, sponsorship and prize money).
    • Film shooting.
    • Medical Treatment abroad,
    • Disbursement of crew wages.
    • Overseas Education.
    • Remittance under educational tie up arrangements with universities abroad.
    • Remittance towards fees for examinations held in India and abroad and additional score sheets for GRE, TOEFL etc.,
    • Employment and processing, assessment fees for overseas job applications.
    • Emigration and Emigration Consultancy Fees.
    • Skills / credential assessment fees for intending migrants.
    • Visa fees.
    • Processing fees for registration of documents as required by the Portuguese / other Governments,
    • Registration / Subscription / Membership fees to International Organizations.

    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

  • Bancassurance for Life Insurance Solutions.

    Life is full of surprises. Unexpected events that strike without warning can disrupt the smooth rhythm of life. As the primary earning member, you must ensure the financial security of your family if you are taken away from them forever. The A.P. Mahesh co-operative Urban Bank acknowledge this fact and as such has entered into a corporate agency agreement with Max Life Insurance Co. Ltd., one of the most reputed Life Insurance companies in India to render Life Insurance solutions to its customers. Max Life Insurance Company Limited is a Joint Venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd.

    The A.P. Mahesh Co-operative Urban Bank Ltd., is in line with its core values of customer centricity, ethics, transparency, teamwork and ownership has entered into this arrangement to distribute the best Life Insurance solutions to its customers. The arrangement also earmarks a class customer service by setting up dedicated Max Life service executives in bank branches to cater to A.P. Mahesh Co-operative Urban Bank customer queries who have taken Max Life Insurance policies.

    This arrangement is complemented by Max Life Insurance’s flexible product suite, service excellence, and financial strength and internationally benchmarked training processes, which ensures that they are able to deliver the true value of life insurance to our customers. The product suite offered to our customers is based on the core needs of life insurance for an individual.

    Disclaimer: Insurance is the subject matter of solicitation and nothing contained on the website shall constitute or be deemed to constitute an advice, an offer to purchase or an invitation or solicitation to undertake any activity or enter into any transaction relating to the Life Insurance Products. The contract of Insurance is between Max Life Insurance Co. Ltd., and the insured/proposer, and not between The A.P. Mahesh Co-operative Urban Bank Ltd., and the insured/proposer.
    Max Life Insurance Company Policy holders are requested to note that with regard to the more details on the risk factors and terms & conditions, please read the proposal form /sales brochure carefully before concluding a sale. You may be entitled to certain tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to applicable tax laws prevailing at the time of payment of premium or receipt of policy benefits by you. Tax benefits are subject to changes in tax laws. Please note the Registered Office address of the Max Life Insurance Co. Ltd., which is situated at 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurgaon-122002 (Harayana) and for further any details, call Toll Free numbers 1800-180-5577 (For MTNL & BSNL lines) or 1800-200-5577 (From other service lines).
    Life Insurance products are offered and underwritten by Max Life Insurance Company Limited. The A.P. Mahesh Co-operative Urban Bank Limited is the Corporate Agent of Max Life Insurance Co. Ltd. The A.P. Mahesh Co-operative Urban Bank Limited, HO is situated at 5-3-989, 3RD Floor, Sherza Estate, N.S.Road, Osmangunj, Hyderabad-500095 (A.P.) Corporate Agent License No: 2147260 and Advertisement Reference Number is- Max Life/ APMAHESHBANK/01.

    To contact any of our branches for further details click here

  • 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

    • Send money to anyone using their mobile number
    • Recipient gets instant credit
    • Receive money instantly from anyone without sharing your account number
    • Available 24x7x365
    • Absolutely free of cost
    • Simple & easy to use
    • Safe & Secure

    Download application (these downloads not working)

    IMPS FAQ's

    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.

    How does the IMPS Service work Real Time or Instantaneous ?

    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.

    What is MMID ?

    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.

    Do I as sender or receiver need to have a bank account for availing IMPS?

    Yes, you need to have a Savings bank account with Mahesh Bank.

    Do I need to register to send money through IMPS?

    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)

    For sending money, can I link more than one account to the same mobile number?

    Yes, this is possible. The same process would be followed that exists for registration for mobile banking service for linking an account to application.

    Is the beneficiary also required to register for IMPS?

    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.

    What beneficiary details do I need to use to send money?

    The beneficiary details required are: a. Beneficiary's 10 digit mobile number b. MMID of the beneficiary customer

    Is there any limit on the value of transactions when I am sending money using IMPS?

    The existing limits of Rs 2,00,000 per day using Application and using SMS its Rs 5000/ per day would apply.

    Is there any limit on the value of transactions when I am receiving money using IMPS?

    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/-

    What happens in case I enter a wrong beneficiary mobile number when sending money?

    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.

    What are the timings for initiating and receiving IMPS remittances?

    IMPS transactions can be sent and received at any time and any day. There are no timing or holiday restrictions on IMPS remittances.

    If the transaction is not completed will I get my money back? When?

    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:

    • Senders Mobile Number
    • Sender Account Number
    • RRN (Transaction Reference Number)
    • Date of Transaction
    • Beneficiary Bank Name
    • Beneficiary Mobile Number
    • Beneficiary MMID<
    • Amount of Transaction

    Customers query will be resolved within 9 working days.

    How long does it take for the money to get credited into the beneficiary account?

    For transactions which are successful, funds gets credited into the beneficiary's account immediately.

    Can I send money from an Mahesh Bank Savings account to another account in any other bank?

    Yes, you can transfer money from your Mahesh Bank account to a beneficiary who has an account within the IMPS participating banks.

    When sending money, how do I come to know that my account is debited and the money has been credited in the beneficiary's account?

    You will get an amount debited SMS on your registered cell phone on successful completion of the transaction.

    When can the beneficiary use the funds received through IMPS?

    The beneficiary can use the funds immediately on receipt of credit in the account.

    How can customer get MMID for there accounts?

    SMS: Customers need to send MMID to 9223173095 to generate MMIDs for their accounts.

    Does the customer need to register to remit the funds through IMPS?

    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.

    Can a customer link more than one account to the same mobile number?

    Yes. The customer can link the same mobile number to more than one account.

    Incase if the customer has more than one account linked to his / her mobile number how does he select the account from which he / she intends to pay?

    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.

    What beneficiary details does the customer need to affect an IMPS remittance?

    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

    What is NBIN?

    National Bank Identification Number (NBIN) indicates the unique identification number of the bank offering mobile payment service.

    What if IMPS registered mobile is lost or misplaced? Will anyone who comes into possession of mobile be able to make a remittance from customer’s account?

    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.

    What happens in case the remitter enters a wrong beneficiary mobile number for remittance?

    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.

    What are the timings for initiating and receiving IMPS remittances?

    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.

    If the transaction is not completed will the customer get his / her money back? When?

    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.

    How long does it take for the remittance to get credited into the beneficiary account number?

    The funds should be credited into the beneficiary account immediately.

    Can the remitter transfer funds from his / her to the beneficiary account in other bank?

    Yes, the remitting customer can transfer funds to the beneficiary account in other banks.

    Is it necessary to have sufficient account balance to initiate a remittance?

    Yes, the customer should have sufficient account balance to initiate a fund transfer.

    How does the remitter come to know that his account is debited and funds have been credited in the beneficiary’s account?

    The remitting bank sends a confirmation sms to the remitting customer about the transaction initiated by him / her.

    How does a beneficiary come to know of funds being credited to his / her banks account?

    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:

    1. Inward remittance facility : RTGS/NEFT/ECS : No charges are levied
    2. Outward remittance facility:

    RTGS:

    Times of Settlement

    Charge per transaction (Rs.) (including time varying tariff)

    From (Hrs)            To (Hrs)

    Above Rs.2.00 lac to Rs.5.00 lac

    Above Rs.5.00 lac

    09.00                    15.30

    25/- + applicable Service Tax

    50/- + applicable Service Tax

    After 15.30 hrs

    30/- + applicable Service Tax

    55/- + applicable Service Tax

    NEFT: (wef 01-08-2012)

    S.NO.

    PARTICULARS

    CHARGES

    01.

    Up to Rs. 10,000/-

    Rs. 2.50 per transaction plus service tax

    01.

    Above Rs. 10,000/- & up to Rs. 1 lakh

    Rs. 5/- per transaction plus service tax

    02.

    Above Rs. 1 lakh & up to Rs. 2 lakhs

    Rs. 15/- per transaction plus service tax

    03.

    Above Rs. 2 lakhs

    Rs. 25/- per transaction plus service tax

    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

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.