IFSC Code of Bank Of Maharashtra, Jagatsinghpur, Jagatsinghpur, Odisha- MAHB0001970

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of Maharashtra for its Jagatsinghpur branch in Jagatsinghpur, Jagatsinghpur, Odisha, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of Maharashtra located in Jagatsinghpur or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code MAHB0001970. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Jagatsinghpur, Jagatsinghpur

Here are the main details that are associated with the IFSC Code MAHB0001970 of Bank Of Maharashtra for its branch located in Jagatsinghpur, within the district of Jagatsinghpur in the state of Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Jagatsinghpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0001970 for the Jagatsinghpur 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 provided by the Reserve Bank of India. Every bank branch, along with Bank Of Maharashtra located in Jagatsinghpur, Jagatsinghpur, Odisha, are given a unique IFSC like MAHB0001970 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Jagatsinghpur.
• 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 Jagatsinghpur and Jagatsinghpur.
• 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 Jagatsinghpur goes to the correct branch. This is important because Bank Of Maharashtra has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code MAHB0001970

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 Jagatsinghpur in Jagatsinghpur.

For example, the IFSC Code MAHB0001970 of Bank Of Maharashtra for the Jagatsinghpur branch includes these elements, identifying the bank and the branch location in Jagatsinghpur and Odisha accurately.

How to Find IFSC Code for Bank Of Maharashtra?

To find the IFSC Code MAHB0001970 of Bank Of Maharashtra for its Jagatsinghpur branch located in Jagatsinghpur, 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 Jagatsinghpur and Jagatsinghpur, 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 Jagatsinghpur or Jagatsinghpur to find the exact IFSC Code MAHB0001970.

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 Jagatsinghpur will provide accurate information.

How to Use IFSC Code MAHB0001970 for Online Transfers?

Once you have the IFSC Code MAHB0001970 for the Jagatsinghpur branch of Bank Of Maharashtra in Jagatsinghpur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001970. 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 MAHB0001970.

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 Jagatsinghpur in Jagatsinghpur 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 Jagatsinghpur, 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 Jagatsinghpur manage online transfers as well as cheque clearances with ease.