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 Aerodrum Road Indore branch in Indore, Indore, Madhya Pradesh, 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 Indore or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code MAHB0002577. 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, Aerodrum Road Indore, Indore
Here are the key points that are associated with the IFSC Code MAHB0002577 of Bank Of Maharashtra for its branch located in Indore, within the district of Indore in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0002577 |
| Branch | Aerodrum Road Indore |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| Address | Plot No 49,50, Ambikapur Extension, 60 Ft Road, Airport, Indore, Dist- Indore, Madhya Pradesh-452005 |
These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Indore for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002577 for the Aerodrum Road Indore branch of Bank Of Maharashtra has a very important 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 Aerodrum Road Indore, Indore, Madhya Pradesh, is provided a unique IFSC like MAHB0002577 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of Maharashtra branch in Indore.
- 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 Indore and Indore.
- 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 Aerodrum Road Indore do not get misguided to another person.
Format of the IFSC Code MAHB0002577
This is the format of the IFSC Code for banks, including Bank Of Maharashtra, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of Maharashtra, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Aerodrum Road Indore in Indore.
For example, the IFSC Code MAHB0002577 of Bank Of Maharashtra for the Aerodrum Road Indore branch includes these elements, identifying the bank and the branch location in Indore and Madhya Pradesh accurately.
How to Find IFSC Code for Bank Of Maharashtra?
If you are trying to find the IFSC Code MAHB0002577 of Bank Of Maharashtra for its Aerodrum Road Indore branch located in Indore, 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 Indore and Indore, 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 Aerodrum Road Indore or Indore to get the exact IFSC Code MAHB0002577.
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 Indore, you'll get the correct details.
How to Use IFSC Code MAHB0002577 for Online Transfers?
Once you have the IFSC Code MAHB0002577 for the Aerodrum Road Indore branch of Bank Of Maharashtra in Indore, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHB0002577. 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 MAHB0002577.
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 Aerodrum Road Indore in Indore, 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 Aerodrum Road Indore, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Indore manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0002577.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Plot No 49,50, Ambikapur Extension, 60 Ft Road, Airport, Indore, Dist- Indore, Madhya Pradesh-452005 located in Indore, Indore, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.