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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of Maharashtra for its Ambad branch in Jalna, Ambad, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of Maharashtra located in Jalna or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0000263. 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, Ambad, Jalna

The table below shows the main details of the IFSC Code MAHB0000263 for the Bank Of Maharashtra branch in Jalna, which falls under the Ambad district in Maharashtra.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0000263
Branch Ambad
City Jalna
District Ambad
State Maharashtra
Address Maharaj Sadan,Tilak Road,Ambad,431204

These details helps users in online banking and for businesses and individuals who use Bank Of Maharashtra in Jalna for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000263 for the Ambad branch of Bank Of Maharashtra plays a vital 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 Ambad, Jalna, Maharashtra, are allotted a unique IFSC like MAHB0000263 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Jalna.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Jalna and Ambad.
  • 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 Ambad reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code MAHB0000263

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 Ambad in Jalna.

For example, the IFSC Code MAHB0000263 of Bank Of Maharashtra for the Ambad branch includes these elements, identifying the bank and the branch location in Jalna and Maharashtra accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0000263 of Bank Of Maharashtra for its Ambad branch located in Jalna, 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 Jalna and Ambad, 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 Ambad or Jalna to get the exact IFSC Code MAHB0000263.

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 Jalna, you'll get the correct details.

How to Use IFSC Code MAHB0000263 for Online Transfers?

Once you have the IFSC Code MAHB0000263 for the Ambad branch of Bank Of Maharashtra in Jalna, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0000263. 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 MAHB0000263.

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 Ambad in Jalna 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 Ambad, 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 Jalna to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Ambad, Jalna?

The IFSC Code is MAHB0000263.

Is the IFSC Code MAHB0000263 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

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

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

What is the full address of the Ambad branch?

The address of the branch is Maharaj Sadan,Tilak Road,Ambad,431204 located in Jalna, Ambad, Maharashtra.

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.