IFSC Code of Bank Of Maharashtra, Hoshiarpur, Hoshiarpur, Punjab- MAHB0000475

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of Maharashtra for its Hoshiarpur branch in Hoshiarpur, Hoshiarpur, Punjab, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of Maharashtra situated in Hoshiarpur or anywhere in Punjab can easily transfer funds instantly by using the correct IFSC Code MAHB0000475. You should 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, Hoshiarpur, Hoshiarpur

The table below shows the main details of the IFSC Code MAHB0000475 for the Bank Of Maharashtra branch in Hoshiarpur, which falls under the Hoshiarpur district in Punjab.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Hoshiarpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000475 for the Hoshiarpur 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like MAHB0000475 is given to every bank branch, including Bank Of Maharashtra located in Hoshiarpur, Hoshiarpur, Punjab, 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 Hoshiarpur.
• 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 Hoshiarpur and Hoshiarpur.
• 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 Punjab and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Hoshiarpur doesn't end up at another location.

Format of the IFSC Code MAHB0000475

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 Hoshiarpur in Hoshiarpur.

For example, the IFSC Code MAHB0000475 of Bank Of Maharashtra for the Hoshiarpur branch has these elements, identifying the bank and the branch location in Hoshiarpur and Punjab correctly.

How to Find IFSC Code for Bank Of Maharashtra?

If you are looking for the IFSC Code MAHB0000475 of Bank Of Maharashtra for its Hoshiarpur branch located in Hoshiarpur, 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 Hoshiarpur and Hoshiarpur, 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 Hoshiarpur or Hoshiarpur to get the exact IFSC Code MAHB0000475.

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 Hoshiarpur, then it will provide you proper information.

How to Use IFSC Code MAHB0000475 for Online Transfers?

Once you have the IFSC Code MAHB0000475 for the Hoshiarpur branch of Bank Of Maharashtra in Hoshiarpur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code MAHB0000475. The transfer is completed in batches instead of instantly. It is useful for both 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 MAHB0000475.

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 Hoshiarpur in Hoshiarpur, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of Maharashtra in Hoshiarpur, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Bank Of Maharashtra website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Hoshiarpur manage online transfers as well as cheque clearances with ease.