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 Rokadiya Nagar(Shegaon) branch in Buldhana, Shegaon, Maharashtra, 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 Buldhana or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0001807. 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, Rokadiya Nagar(Shegaon), Buldhana

Below in the table are the key details related to IFSC Code MAHB0001807 of Bank Of Maharashtra for its branch located in Buldhana, within the district of Shegaon in the state of Maharashtra.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001807
Branch Rokadiya Nagar(Shegaon)
City Buldhana
District Shegaon
State Maharashtra
Address Dwaraka Maai, Rokadiya Nagar, Opp Gajanan Vatika

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Buldhana for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0001807 for the Rokadiya Nagar(Shegaon) branch of Bank Of Maharashtra plays 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 MAHB0001807 is given to every bank branch, including Bank Of Maharashtra located in Rokadiya Nagar(Shegaon), Buldhana, 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 Buldhana.
  • 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 Buldhana and Shegaon.
  • 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 Rokadiya Nagar(Shegaon) doesn't end up at another location.

Format of the IFSC Code MAHB0001807

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): These represent the bank code. In Bank Of Maharashtra, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Rokadiya Nagar(Shegaon) in Buldhana.

For example, the IFSC Code MAHB0001807 of Bank Of Maharashtra for the Rokadiya Nagar(Shegaon) branch has these elements, identifying the bank and the branch location in Buldhana and Maharashtra correctly.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0001807 of Bank Of Maharashtra for its Rokadiya Nagar(Shegaon) branch located in Buldhana, 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 Buldhana and Shegaon, 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 Rokadiya Nagar(Shegaon) or Buldhana to get the exact IFSC Code MAHB0001807.

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 Buldhana, you'll get the correct details.

How to Use IFSC Code MAHB0001807 for Online Transfers?

Once you have the IFSC Code MAHB0001807 for the Rokadiya Nagar(Shegaon) branch of Bank Of Maharashtra in Buldhana, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code MAHB0001807. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 MAHB0001807.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of Maharashtra Rokadiya Nagar(Shegaon) in Buldhana, your payment can get delayed or might not go through at all.

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 Rokadiya Nagar(Shegaon), 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 Buldhana to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra Rokadiya Nagar(Shegaon) Buldhana?

The IFSC Code of the Rokadiya Nagar(Shegaon) Buldhana branch is MAHB0001807.

Is IFSC Code MAHB0001807 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 Rokadiya Nagar(Shegaon) branch?

The branch is located at Dwaraka Maai, Rokadiya Nagar, Opp Gajanan Vatika.

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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