For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of Maharashtra for its Dhoregaon branch in Aurangabad, Dhoregaon, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of Maharashtra located in Aurangabad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0001096. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Dhoregaon, Aurangabad

The table below shows the main details of the IFSC Code MAHB0001096 for the Bank Of Maharashtra branch in Aurangabad, which falls under the Dhoregaon district in Maharashtra.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001096
Branch Dhoregaon
City Aurangabad
District Dhoregaon
State Maharashtra
Address Nathsagar Complex Dhore Gaon Aurangabad Pune High Way,

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Aurangabad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0001096 for the Dhoregaon branch of Bank Of Maharashtra has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like MAHB0001096 is given to every bank branch, including Bank Of Maharashtra located in Dhoregaon, Aurangabad, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of Maharashtra branch in Aurangabad.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Aurangabad and Dhoregaon.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Dhoregaon doesn't end up at another location.

Format of the IFSC Code MAHB0001096

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Bank Of Maharashtra, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Dhoregaon in Aurangabad.

For example, the IFSC Code MAHB0001096 of Bank Of Maharashtra for the Dhoregaon branch includes these elements, identifying the bank and the branch location in Aurangabad and Maharashtra accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are looking for the IFSC Code MAHB0001096 of Bank Of Maharashtra for its Dhoregaon branch located in Aurangabad, the following methods can help:

Cheque Book

The cheque book that is issued by Bank Of Maharashtra includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

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

Bank Website

You can visit the official website of Bank Of Maharashtra and look for the branch locator section, then search for Dhoregaon or Aurangabad to get the exact IFSC Code MAHB0001096.

Mobile Banking App

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

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of Maharashtra and Aurangabad, then it will provide you proper information.

How to Use IFSC Code MAHB0001096 for Online Transfers?

Once you have the IFSC Code MAHB0001096 for the Dhoregaon branch of Bank Of Maharashtra in Aurangabad, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001096. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0001096.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of Maharashtra Dhoregaon in Aurangabad 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 Dhoregaon, 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 Aurangabad 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 Dhoregaon, Aurangabad?

The IFSC Code is MAHB0001096.

Is the IFSC Code MAHB0001096 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

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

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Dhoregaon branch?

The address of the branch is Nathsagar Complex Dhore Gaon Aurangabad Pune High Way, located in Aurangabad, Dhoregaon, Maharashtra.

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.