Bank of Maharashtra NEFT Form – Complete Guide & How to Fill

KeyTakeaways
 

• The Bank of Maharashtra NEFT form helps customers transfer money securely across any bank in India.
   
• You can download and submit the Bank of Maharashtra NEFT form both online and offline.
   
• The Bank of Maharashtra NEFT form requires accurate beneficiary and account details to ensure a smooth and successful transaction.
  
   

The Bank of Maharashtra NEFT form is a document that allows customers to transfer funds electronically between bank accounts across India. 

For example, my friend Ramesh, who runs a small business, uses the Bank of Maharashtra NEFT form to pay ₹56,000 to his supplier in another city without visiting multiple banks. By entering the correct beneficiary account number, bank name, and IFSC code, he completes the payment quickly and securely within minutes.

This easy process helps customers manage transactions efficiently. In this blog, we will explain how to download, fill, and submit the Bank of Maharashtra NEFT form both online and offline.

What is the Bank of Maharashtra NEFT Form?

The Bank of Maharashtra NEFT form is a written application used to transfer money electronically through the National Electronic Funds Transfer (NEFT) system. Customers visiting the bank can use this form to send funds to another account anywhere in India. 

It requires you to fill in your account details and the beneficiary’s information, such as their name, bank name, account number, and IFSC code. By submitting the Bank of Maharashtra NEFT form, you authorise the bank to debit your account and transfer the specified amount to the chosen recipient securely.

How to Download Bank of Maharashtra NEFT Form?

The Bank of Maharashtra NEFT form PDF helps customers transfer money easily through the NEFT system. You can download it online, fill in the required details, and submit it at the branch for processing.

How to Download the Bank of Maharashtra NEFT Form PDF

1. Visit the official website: Go to the official Bank of Maharashtra website.
2. Scroll down the page: Look for the section with various service options.
3. Click on “Other Forms”: You will find a button labelled “Other Forms” - click on it and scroll down.
4. Find and download the NEFT form: Locate the NEFT Form section, select your preferred language, and download the Bank of Maharashtra NEFT form PDF.

By following these steps, you can easily download, fill in, and submit the Bank of Maharashtra NEFT form PDF to make secure and hassle-free fund transfers.

Bonus Tip : As per RBI guidelines effective from 1 January 2011, NEFT and RTGS transfers are processed only using the beneficiary’s account number. Always double-check the account number in the Bank of Maharashtra NEFT form to avoid incorrect transfers.

How to Fill the Bank of Maharashtra NEFT Form? (Step-by-Step Guide)

Filling the Bank of Maharashtra NEFT form PDF correctly helps ensure safe and timely fund transfer. Enter all details carefully to avoid errors while submitting the form at the branch.

Step 1: Visit your nearest Bank of Maharashtra branch and ask for the NEFT/RTGS form.
Step 2: Write the branch name, branch code, and date at the top of the form.
Step 3: In the Remitter section, fill in your full name, account number, address, and mobile number.
Step 4: Under the Beneficiary section, enter the receiver’s name, bank name, branch, account number, and IFSC code carefully.
Step 5: Write the transfer amount clearly in both words and figures.
Step 6: Add remarks or purpose of payment if required.
Step 7: Sign the form at the bottom to authorise the transaction.
Step 8: Submit the Bank of Maharashtra NEFT form PDF along with your ID proof and payment at the counter for processing.

By filling the Bank of Maharashtra NEFT form PDF correctly, you can ensure that your fund transfer is quick, error-free, and credited to the right beneficiary account.

Required Documents for Bank of Maharashtra NEFT Form

Accurate details are important while filling out the Bank of Maharashtra NEFT form to avoid delays or failed transactions. Make sure all beneficiary and payment information is entered correctly before submission.Here are the key details you must include during Bank of Maharashtra NEFT form filling:

• Beneficiary’s Name: Write the full name of the person or organisation receiving the money.
   
• Beneficiary’s Bank Branch: Mention the exact branch name where the beneficiary holds the account.
   
• Beneficiary’s Bank Name: Clearly state the name of the bank.
   
• IFSC Code: Enter the correct Indian Financial System Code (IFSC) of the beneficiary’s bank branch.
   
• Account Number: Write the beneficiary’s account number carefully and recheck it.
   
• Transfer Amount: Specify the exact amount you wish to transfer, in both words and figures.
   

By completing the Bank of Maharashtra NEFT form filling carefully with these details, you can ensure a smooth and successful electronic fund transfer.

Bank of Maharashtra NEFT Charges

Bank of Maharashtra NEFT charges vary based on the transfer amount and the mode used. Charges are different for counter transactions and digital transfers, as shown below. Here is a simple breakdown of the charges:
 

Digital NEFT transactions are more cost-effective than counter transactions, especially for frequent or high-value transfers.

Special Accounts with NEFT Benefits:

• Royal SB Account: Free NEFT/RTGS via Internet Banking.
• Purple SB Account: Unlimited free NEFT/RTGS transactions.
• Diamond CA Account: Free of charge.

Bank of Maharashtra offers affordable NEFT options, with digital transactions being the most cost-effective.

Bank of Maharashtra Timings

The Bank of Maharashtra processes NEFT transactions from 8:00 a.m. to 7:00 p.m., Monday to Saturday. The service is not available on 2nd and 4th Saturdays or on bank holidays.

Customers can conveniently use the NEFT service during working hours on regular banking days.

Conclusion

The Bank of Maharashtra NEFT form online makes fund transfers simple, safe, and convenient for customers. By filling out the form carefully and providing accurate details, you can ensure your money reaches the right account without delay. 

Whether you use the Bank of Maharashtra NEFT form online or visit a branch, the process remains smooth and efficient. Always double-check the beneficiary’s details before submitting the Bank of Maharashtra NEFT form online to avoid any errors or transaction failures.

FAQs

Can someone else submit the Bank of Maharashtra NEFT form on my behalf? 

Yes, a representative can submit the form if it is properly filled and signed by the account holder.

What happens if the NEFT form contains an incorrect IFSC code?

The transaction may fail or get delayed, and the amount is usually reversed to your account.

Is a cheque mandatory while submitting the NEFT form at the branch?

A cheque is not mandatory. Cash or account debit is allowed, subject to branch rules.

Can businesses use the same NEFT form for vendor payments?

Yes, individuals, traders, and businesses can use the same NEFT form for payments.

Will I receive confirmation after submitting the NEFT form?

The bank usually provides an acknowledgment slip or transaction reference number.

Can NEFT be processed on bank holidays through the form?

No, branch-based NEFT using the form is processed only on working banking days.
 

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