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Important announcement for shareholders

Important announcement to physical shareholders of Bank

Dear Shareholder(s),

Sub:Common and Simplified Norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination.

We wish to bring to your notice that Securities & Exchange Board of India (SEBI) vide its circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated Nov 03, 2021 has notified simplified norms for processing investors service request by RTA and mandatory furnishing of PAN, KYC details and Nomination by holders of physical securities. Click here for SEBI Circular (pdf file)

SEBI vide its circular has prescribed the following norms in regard to shares held by shareholders in physical form.

  1. Common and simplified norms for processing any service request from the holder, pertaining to the captioned items, by the RTAs.
  2. Electronic interface for processing investor’s queries, complaints and service request.
  3.  Mandatory furnishing of PAN, KYC details and Nomination by holders of physical securities.
  4. Freezing of folios without valid PAN, KYC details and Nomination.
  5. Compulsory linking of PAN and Aadhaar by all holders of physical securities

Shareholders of the Bank holding shares in physical form are requested to update their PAN/ KYC/ Nomination details, if not provided earlier to the RTA of the Bank by submitting following forms:

1Form No. ISR-1 – Request for registering PAN, KYC details or changes / updation thereofDownload
2Form No. ISR-2 – Confirmation of signature of securities holder by the BankerDownload
3Form No. ISR-3 – Declaration form for opting-out of nomination by holders of physical securities in listed companiesDownload
4Form No. SH-13 – Nomination formDownload
5Form No. SH-14 – Cancellation or variation of nominationDownload

Kindly note that it has been made mandatory for shareholders holding physical shares to furnish PAN, KYC details and Nomination details to the Bank or its RTA. In the event such details are not received by March 31, 2023, concerned shares shall be frozen by RTA.

In view of the above, all shareholders holding shares in physical form are requested to furnish/update their valid PAN (PAN linked to Aadhar) with the RTA before March 31, 2022.

Further, shareholders holding shares in Demat form are also requested to furnish/update their KYC details, Nomination details, Bank account particulars, specimen signature and contact details to/with their respective DP in case the same is not done yet.

If the above are not complied with before the due dates, shares in the folio will be frozen as per the said SEBI Circular.

We once again request the shareholders of Bank holding shares in physical form to get thier physical shares converted to demat at the earliest.

Contact details of RTA and the Bank:

MCS Share Transfer Agent Limited

Contact person: Mr. Madhukar Parase

Unit: Bank of Maharashtra

K -215, 2nd Floor, Ansa Industrial Estate,

Saki Vihar Road, Saki Naka,

Andheri (East), Mumbai 400072

Tel.: 022  28476021/22 

Email ID: /


Bank of Maharashtra

Investor Services Dept,

Lokmangal, 1501,


Pune 411005

Tel.: 020 25511360

Email ID: