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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of Maharashtra for its Vadavalli branch in Coimbatore, Coimbatore, or Tamil Nadu, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Bank Of Maharashtra located in Coimbatore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code MAHB0002529. 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, Vadavalli, Coimbatore
Here are the key points that are associated with the IFSC Code MAHB0002529 of Bank Of Maharashtra for its branch located in Coimbatore, within the district of Coimbatore in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0002529 |
| Branch | Vadavalli |
| City | Coimbatore |
| District | Coimbatore |
| State | Tamil Nadu |
| Address | 186/1, Jayam Complex, Thiruvallur Nagar, Maruthamalai Road, Vadavalli, Coimbatore, Distict-Coimbatore,Tamil Nadu-641041 |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Coimbatore for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002529 for the Vadavalli 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 provided by the Reserve Bank of India. Every bank branch, including Bank Of Maharashtra located in Vadavalli, Coimbatore, Tamil Nadu, is provided with a unique IFSC like MAHB0002529 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of Maharashtra branch in Coimbatore.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Coimbatore and Coimbatore.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Vadavalli do not get mixed with another location.
Format of the IFSC Code MAHB0002529
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 Vadavalli in Coimbatore.
For example, the IFSC Code MAHB0002529 of Bank Of Maharashtra for the Vadavalli branch includes these elements, identifying the bank and the branch location in Coimbatore and Tamil Nadu correctly.
How to Find IFSC Code for Bank Of Maharashtra?
If you are trying to find the IFSC Code MAHB0002529 of Bank Of Maharashtra for its Vadavalli branch located in Coimbatore, 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 Coimbatore and Coimbatore, 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 Vadavalli or Coimbatore to get the exact IFSC Code MAHB0002529.
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 Coimbatore, you'll get the correct details.
How to Use IFSC Code MAHB0002529 for Online Transfers?
Once you have the IFSC Code MAHB0002529 for the Vadavalli branch of Bank Of Maharashtra in Coimbatore, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0002529. 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 MAHB0002529.
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 Vadavalli in Coimbatore may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Bank Of Maharashtra in Vadavalli, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Coimbatore manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0002529.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is 186/1, Jayam Complex, Thiruvallur Nagar, Maruthamalai Road, Vadavalli, Coimbatore, Distict-Coimbatore,Tamil Nadu-641041 located in Coimbatore, Coimbatore, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.