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 Sihora branch in Jabalpur, Sihora, 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 Jabalpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code MAHB0001462. 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, Sihora, Jabalpur

Here are the main details that are associated with the IFSC Code MAHB0001462 of Bank Of Maharashtra for its branch located in Jabalpur, within the district of Sihora in the state of Madhya Pradesh.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001462
Branch Sihora
City Jabalpur
District Sihora
State Madhya Pradesh
Address Opposite Govt. Rest House, Sihoramain Road,

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Jabalpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0001462 for the Sihora 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, including Bank Of Maharashtra located in Sihora, Jabalpur, Madhya Pradesh, is provided with a unique IFSC like MAHB0001462 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of Maharashtra branch in Jabalpur.
  • 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 Jabalpur and Sihora.
  • 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Sihora do not get mixed with another location.

Format of the IFSC Code MAHB0001462

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 Sihora in Jabalpur.

For example, the IFSC Code MAHB0001462 of Bank Of Maharashtra for the Sihora branch includes these elements, identifying the bank and the branch location in Jabalpur and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of Maharashtra?

To find the IFSC Code MAHB0001462 of Bank Of Maharashtra for its Sihora branch located in Jabalpur, 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 Jabalpur and Sihora, 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 Sihora or Jabalpur to find the exact IFSC Code MAHB0001462.

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 Jabalpur will provide accurate information.

How to Use IFSC Code MAHB0001462 for Online Transfers?

Once you have the IFSC Code MAHB0001462 for the Sihora branch of Bank Of Maharashtra in Jabalpur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001462. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0001462.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of Maharashtra Sihora in Jabalpur, it can 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 Sihora, 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 Jabalpur manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Sihora, Jabalpur?

The IFSC Code is MAHB0001462.

Is the IFSC Code MAHB0001462 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Maharashtra Sihora?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Sihora branch?

The address of the branch is Opposite Govt. Rest House, Sihoramain Road, located in Jabalpur, Sihora, Madhya Pradesh.

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.