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 Saraswati Bhuvan ,Aurangabad branch in Aurangabad, Aurangabad, 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 MAHB0001259. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Saraswati Bhuvan ,Aurangabad, Aurangabad

Here are some of the key details that come with the IFSC Code MAHB0001259 of Bank Of Maharashtra for its branch located in Aurangabad, within the district of Aurangabad in the state of Maharashtra.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001259
Branch Saraswati Bhuvan ,Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Address Saraswati Bhuvan Education Society, Aurangpura, Aurangabad 431001

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Aurangabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0001259 for the Saraswati Bhuvan ,Aurangabad branch of Bank Of Maharashtra is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of Maharashtra located in Saraswati Bhuvan ,Aurangabad, Aurangabad, Maharashtra, is provided a unique IFSC like MAHB0001259 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Bank Of Maharashtra branch in Aurangabad.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Aurangabad and Aurangabad.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Saraswati Bhuvan ,Aurangabad do not get misguided to another person.

Format of the IFSC Code MAHB0001259

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

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Bank Of Maharashtra, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Saraswati Bhuvan ,Aurangabad in Aurangabad.

For example, the IFSC Code MAHB0001259 of Bank Of Maharashtra for the Saraswati Bhuvan ,Aurangabad 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 trying to find the IFSC Code MAHB0001259 of Bank Of Maharashtra for its Saraswati Bhuvan ,Aurangabad branch located in Aurangabad, 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 Aurangabad and Aurangabad, 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 Saraswati Bhuvan ,Aurangabad or Aurangabad to get the exact IFSC Code MAHB0001259.

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 Aurangabad, you'll get the correct details.

How to Use IFSC Code MAHB0001259 for Online Transfers?

If you have the IFSC Code MAHB0001259 for the Saraswati Bhuvan ,Aurangabad branch of Bank Of Maharashtra in Aurangabad, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001259. 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 MAHB0001259.

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 Saraswati Bhuvan ,Aurangabad in Aurangabad, 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 Saraswati Bhuvan ,Aurangabad, 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 Saraswati Bhuvan ,Aurangabad Aurangabad?

The IFSC Code of the Saraswati Bhuvan ,Aurangabad Aurangabad branch is MAHB0001259.

Is IFSC Code MAHB0001259 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of Maharashtra Saraswati Bhuvan ,Aurangabad branch?

The branch is located at Saraswati Bhuvan Education Society, Aurangpura, Aurangabad 431001.

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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