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 Guna branch in Guna, Guna, or Madhya Pradesh, 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 Guna or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code MAHB0001759. 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, Guna, Guna
The table below shows the main details of the IFSC Code MAHB0001759 for the Bank Of Maharashtra branch in Guna, which falls under the Guna district in Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0001759 |
| Branch | Guna |
| City | Guna |
| District | Guna |
| State | Madhya Pradesh |
| Address | Varnika Tower, Near Bohra Masjid, Guna |
These details helps users in online banking and for businesses and individuals who use Bank Of Maharashtra in Guna for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0001759 for the Guna branch of Bank Of Maharashtra plays a vital 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 Guna, Guna, Madhya Pradesh, is provided a unique IFSC like MAHB0001759 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of Maharashtra branch in Guna.
- 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 Guna and Guna.
- 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Guna do not get misguided to another person.
Format of the IFSC Code MAHB0001759
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 Guna in Guna.
For example, the IFSC Code MAHB0001759 of Bank Of Maharashtra for the Guna branch has these elements, identifying the bank and the branch location in Guna and Madhya Pradesh correctly.
How to Find IFSC Code for Bank Of Maharashtra?
To find the IFSC Code MAHB0001759 of Bank Of Maharashtra for its Guna branch located in Guna, the following methods can help you out:
Cheque Book
The cheque book issued by Bank Of Maharashtra includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bank Of Maharashtra branches in Guna and Guna, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of Maharashtra and go to the branch locator section. Then search for Guna or Guna to find the exact IFSC Code MAHB0001759.
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 maintains an updated database of all IFSC codes. Searching for Bank Of Maharashtra and Guna will provide accurate information.
How to Use IFSC Code MAHB0001759 for Online Transfers?
Once you have the IFSC Code MAHB0001759 for the Guna branch of Bank Of Maharashtra in Guna, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0001759. 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 MAHB0001759.
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 Guna in Guna 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 Guna, 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 Guna to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0001759.
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 Varnika Tower, Near Bohra Masjid, Guna located in Guna, Guna, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.