Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of Maharashtra for its Asset Recovery branch in Ahmedabad, Ahmedabad, Gujarat, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of Maharashtra located in Ahmedabad or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code MAHB0001936. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Asset Recovery, Ahmedabad

The table below shows the main details of the IFSC Code MAHB0001936 for the Bank Of Maharashtra branch in Ahmedabad, which falls under the Ahmedabad district in Gujarat.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001936
Branch Asset Recovery
City Ahmedabad
District Ahmedabad
State Gujarat
Address Mavlankar Haweli,Vasant Chowk,Bhadra,Ahmedabad-380001

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Ahmedabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0001936 for the Asset Recovery branch of Bank Of Maharashtra is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of Maharashtra located in Asset Recovery, Ahmedabad, Gujarat, are allotted a unique IFSC like MAHB0001936 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Ahmedabad.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Ahmedabad and Ahmedabad.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Bank Of Maharashtra in Asset Recovery reaches the right place, even though there are thousands of branches in Gujarat and across India.

Format of the IFSC Code MAHB0001936

This is the format of the IFSC Code for banks, including Bank Of Maharashtra, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Bank Of Maharashtra, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Asset Recovery in Ahmedabad.

For example, the IFSC Code MAHB0001936 of Bank Of Maharashtra for the Asset Recovery branch includes these elements, identifying the bank and the branch location in Ahmedabad and Gujarat accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0001936 of Bank Of Maharashtra for its Asset Recovery branch located in Ahmedabad, the following methods can help:

Cheque Book

The cheque book issued by Bank Of Maharashtra includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Bank Of Maharashtra branches in Ahmedabad and Ahmedabad, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Bank Of Maharashtra and navigate to the branch locator section. Search for Asset Recovery or Ahmedabad to get the exact IFSC Code MAHB0001936.

Mobile Banking App

If you use Bank Of Maharashtra's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Bank Of Maharashtra and Ahmedabad, you'll get the correct details.

How to Use IFSC Code MAHB0001936 for Online Transfers?

If you have the IFSC Code MAHB0001936 for the Asset Recovery branch of Bank Of Maharashtra in Ahmedabad, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001936. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Asks for the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0001936.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of Maharashtra Asset Recovery in Ahmedabad, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bank Of Maharashtra in Asset Recovery, here are some ways to obtain it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Bank Of Maharashtra website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Ahmedabad to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Asset Recovery, Ahmedabad?

The IFSC Code is MAHB0001936.

Is the IFSC Code MAHB0001936 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Maharashtra Asset Recovery?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Asset Recovery branch?

The address of the branch is Mavlankar Haweli,Vasant Chowk,Bhadra,Ahmedabad-380001 located in Ahmedabad, Ahmedabad, Gujarat.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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