IFSC Code of Bank Of Maharashtra, Beed, Beed, Maharashtra- MAHB0000121

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of Maharashtra for its Beed branch in Beed, Beed, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of Maharashtra located in Beed or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0000121. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of Maharashtra, Beed, Beed

The table below shows the main details of the IFSC Code MAHB0000121 for the Bank Of Maharashtra branch in Beed, which falls under the Beed district in Maharashtra.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Beed for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000121 for the Beed 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of Maharashtra located in Beed, Beed, Maharashtra, is provided a unique IFSC like MAHB0000121 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Bank Of Maharashtra branch in Beed.
• 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 Beed and Beed.
• 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 Beed do not get misguided to another person.

Format of the IFSC Code MAHB0000121

The format of the IFSC Code for banks, including Bank Of Maharashtra, has 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 Beed in Beed.

For example, the IFSC Code MAHB0000121 of Bank Of Maharashtra for the Beed branch includes these elements, identifying the bank and the branch location in Beed and Maharashtra correctly.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0000121 of Bank Of Maharashtra for its Beed branch located in Beed, 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

You can easily find the IFSC and MICR codes because most banks, including Bank Of Maharashtra branches in Beed and Beed, print them 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 Beed or Beed to get the exact IFSC Code MAHB0000121.

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 Beed, you'll get the correct details.

How to Use IFSC Code MAHB0000121 for Online Transfers?

Once you have the IFSC Code MAHB0000121 for the Beed branch of Bank Of Maharashtra in Beed, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0000121. 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 MAHB0000121.

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 Beed in Beed 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 Beed, 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 Beed to handle online money transfers and get their cheques cleared smoothly.