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 Housing Finance Branch Mangalore branch in Dakshin Kannad, Dakshin Kannad, Karnataka, 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 Dakshin Kannad or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code MAHB0002537. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of Maharashtra, Housing Finance Branch Mangalore, Dakshin Kannad

Below in the table are the key details related to IFSC Code MAHB0002537 of Bank Of Maharashtra for its branch located in Dakshin Kannad, within the district of Dakshin Kannad in the state of Karnataka.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0002537
Branch Housing Finance Branch Mangalore
City Dakshin Kannad
District Dakshin Kannad
State Karnataka
Address Hotel Saffron Building, Ghs Road, Opp. Ghs School, Hampankata, Mangalore, District-Dakshin Kannad, Karnataka-575001

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Dakshin Kannad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0002537 for the Housing Finance Branch Mangalore branch of Bank Of Maharashtra is vital.

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, along with Bank Of Maharashtra located in Housing Finance Branch Mangalore, Dakshin Kannad, Karnataka, are given a unique IFSC like MAHB0002537 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Dakshin Kannad.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Dakshin Kannad and Dakshin Kannad.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of Maharashtra in Housing Finance Branch Mangalore goes to the correct branch. This is important because Bank Of Maharashtra has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code MAHB0002537

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 Housing Finance Branch Mangalore in Dakshin Kannad.

For example, the IFSC Code MAHB0002537 of Bank Of Maharashtra for the Housing Finance Branch Mangalore branch includes these elements, identifying the bank and the branch location in Dakshin Kannad and Karnataka accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are looking for the IFSC Code MAHB0002537 of Bank Of Maharashtra for its Housing Finance Branch Mangalore branch located in Dakshin Kannad, 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 Dakshin Kannad and Dakshin Kannad, 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 Housing Finance Branch Mangalore or Dakshin Kannad to get the exact IFSC Code MAHB0002537.

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 Dakshin Kannad, then it will provide you proper information.

How to Use IFSC Code MAHB0002537 for Online Transfers?

Once you have the IFSC Code MAHB0002537 for the Housing Finance Branch Mangalore branch of Bank Of Maharashtra in Dakshin Kannad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code MAHB0002537. 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 MAHB0002537.

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 Housing Finance Branch Mangalore in Dakshin Kannad, 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 Housing Finance Branch Mangalore, 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 Dakshin Kannad to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra Housing Finance Branch Mangalore Dakshin Kannad?

The IFSC Code of the Housing Finance Branch Mangalore Dakshin Kannad branch is MAHB0002537.

Is IFSC Code MAHB0002537 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 Housing Finance Branch Mangalore branch?

The branch is located at Hotel Saffron Building, Ghs Road, Opp. Ghs School, Hampankata, Mangalore, District-Dakshin Kannad, Karnataka-575001.

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.