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 Bodwad branch in Jalgaon, Bodwad, Maharashtra, 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 Jalgaon or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code MAHB0002151. 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, Bodwad, Jalgaon
Here are the main details that are associated with the IFSC Code MAHB0002151 of Bank Of Maharashtra for its branch located in Jalgaon, within the district of Bodwad in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0002151 |
| Branch | Bodwad |
| City | Jalgaon |
| District | Bodwad |
| State | Maharashtra |
| Address | Gat No.229/3, Plot No.25Railway Station Road, Bodwad |
These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Jalgaon for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002151 for the Bodwad 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 Bodwad, Jalgaon, Maharashtra, are given a unique IFSC like MAHB0002151 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Jalgaon.
- 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 Jalgaon and Bodwad.
- 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 Bodwad goes to the correct branch. This is important because Bank Of Maharashtra has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code MAHB0002151
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 Bodwad in Jalgaon.
For example, the IFSC Code MAHB0002151 of Bank Of Maharashtra for the Bodwad branch includes these elements, identifying the bank and the branch location in Jalgaon and Maharashtra accurately.
How to Find IFSC Code for Bank Of Maharashtra?
If you are looking for the IFSC Code MAHB0002151 of Bank Of Maharashtra for its Bodwad branch located in Jalgaon, 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 Jalgaon and Bodwad, 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 Bodwad or Jalgaon to get the exact IFSC Code MAHB0002151.
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 Jalgaon, then it will provide you proper information.
How to Use IFSC Code MAHB0002151 for Online Transfers?
Once you have the IFSC Code MAHB0002151 for the Bodwad branch of Bank Of Maharashtra in Jalgaon, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0002151. 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 MAHB0002151.
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 Bodwad in Jalgaon, it can result in delayed or failed transactions.
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 Bodwad, 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 Jalgaon manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0002151.
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 Gat No.229/3, Plot No.25Railway Station Road, Bodwad located in Jalgaon, Bodwad, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.