Bank of Maharashtra Wins APY Annual Award of Excellence FY2025-26 for Outstanding Financial Inclusion Efforts

Mumbai: Bank of Maharashtra has achieved a significant milestone by receiving the prestigious APY Annual Award of Excellence – FY2025-26 for surpassing targets under the Atal Pension Yojana (APY).

The recognition underscores the bank’s strong commitment towards promoting financial inclusion, strengthening social security coverage, and empowering citizens across the nation.

Prestigious Recognition for Outstanding APY Performance

The award was presented by M. Nagaraju, Secretary, Department of Financial Services (DFS), along with Sivasubramanian Ramann, Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA).

The honour recognizes Bank of Maharashtra’s exceptional efforts in exceeding APY enrolment targets and expanding access to pension security for citizens, especially in underserved communities.

Driving Financial Inclusion Across India

The achievement reflects the unwavering dedication and customer-focused initiatives undertaken by Bank of Maharashtra to support the Government of India’s mission of inclusive growth and social welfare.

Through proactive outreach programmes and financial awareness campaigns, the bank has played a crucial role in encouraging wider participation in Atal Pension Yojana, helping individuals secure their financial future after retirement.

Strengthening Social Security Coverage

Atal Pension Yojana continues to be one of India’s key social security schemes aimed at providing guaranteed pension benefits to workers in the unorganized sector. By surpassing APY targets, Bank of Maharashtra has demonstrated its leadership in advancing pension inclusion and ensuring financial stability for millions of citizens.

Industry observers believe this recognition further enhances the bank’s reputation as a trusted public sector institution committed to sustainable development and inclusive banking.