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 M.I. Road Jaipur branch in Jaipur, Jaipur, Rajasthan, 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 Jaipur or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code MAHB0000389. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of Maharashtra, M.I. Road Jaipur, Jaipur
Here are some of the key details that come with the IFSC Code MAHB0000389 of Bank Of Maharashtra for its branch located in Jaipur, within the district of Jaipur in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0000389 |
| Branch | M.I. Road Jaipur |
| City | Jaipur |
| District | Jaipur |
| State | Rajasthan |
| Address | 4A, Park Streeet, M.I Road, Mirza Ismail Road, Jaipur |
These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Jaipur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000389 for the M.I. Road Jaipur 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of Maharashtra located in M.I. Road Jaipur, Jaipur, Rajasthan, are allotted a unique IFSC like MAHB0000389 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Jaipur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Jaipur and Jaipur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of Maharashtra in M.I. Road Jaipur reaches the right place, even though there are thousands of branches in Rajasthan and across India.
Format of the IFSC Code MAHB0000389
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 M.I. Road Jaipur in Jaipur.
For example, the IFSC Code MAHB0000389 of Bank Of Maharashtra for the M.I. Road Jaipur branch includes these elements, identifying the bank and the branch location in Jaipur and Rajasthan accurately.
How to Find IFSC Code for Bank Of Maharashtra?
If you are trying to find the IFSC Code MAHB0000389 of Bank Of Maharashtra for its M.I. Road Jaipur branch located in Jaipur, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of Maharashtra include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of Maharashtra branches in Jaipur and Jaipur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of Maharashtra and find the branch locator section. Search for M.I. Road Jaipur or Jaipur to get the exact IFSC Code MAHB0000389.
Mobile Banking App
If you use Bank Of Maharashtra's mobile app, you can easily 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 to help you in searching for Bank Of Maharashtra and Jaipur that will provide accurate information.
How to Use IFSC Code MAHB0000389 for Online Transfers?
Once you have the IFSC Code MAHB0000389 for the M.I. Road Jaipur branch of Bank Of Maharashtra in Jaipur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHB0000389. 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 MAHB0000389.
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 M.I. Road Jaipur in Jaipur, 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 M.I. Road Jaipur, 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 Jaipur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0000389.
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 4A, Park Streeet, M.I Road, Mirza Ismail Road, Jaipur located in Jaipur, Jaipur, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.