Mahesh Urban Cooperative Bank has finally become a member of National Electronic Funds Transfer (NEFT) system of the Reserve Bank of India (RBI). Now customers of the bank will be able to enjoy fund transfer facilities to any location in any bank.
According to Mr Ramesh Bung, Chairman of Mahesh Bank, "This will enable customers to transfer their funds, even small amounts across India instantaneously."
The bank has also received approval from RBI to set up three more branches at Champapet, Seethaphalmandi and Chintal.
Apart from this two more branches in Banjara Hills and Attapur at Hyderabad are also planned to be opened soon.