The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of Maharashtra for its Khodiyar Colony branch in Jamnagar, Jamnagar, Gujarat, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Bank Of Maharashtra located in Jamnagar or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code MAHB0002469. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of Maharashtra, Khodiyar Colony, Jamnagar
Here are some of the key details that come with the IFSC Code MAHB0002469 of Bank Of Maharashtra for its branch located in Jamnagar, within the district of Jamnagar in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0002469 |
| Branch | Khodiyar Colony |
| City | Jamnagar |
| District | Jamnagar |
| State | Gujarat |
| Address | Swastik Complex, Khodiyar Colony, Dist-Jamnagar, Gujarat-361006 |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Jamnagar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0002469 for the Khodiyar Colony 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 Khodiyar Colony, Jamnagar, Gujarat, is provided with a unique IFSC like MAHB0002469 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of Maharashtra branch in Jamnagar.
- 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 Jamnagar and Jamnagar.
- 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 Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Khodiyar Colony do not get mixed with another location.
Format of the IFSC Code MAHB0002469
The format of the IFSC Code for banks, including Bank Of Maharashtra, has 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 Khodiyar Colony in Jamnagar.
For example, the IFSC Code MAHB0002469 of Bank Of Maharashtra for the Khodiyar Colony branch includes these elements, identifying the bank and the branch location in Jamnagar and Gujarat correctly.
How to Find IFSC Code for Bank Of Maharashtra?
If you are trying to find the IFSC Code MAHB0002469 of Bank Of Maharashtra for its Khodiyar Colony branch located in Jamnagar, 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
Most banks, including Bank Of Maharashtra branches in Jamnagar and Jamnagar, print the IFSC and MICR codes 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 Khodiyar Colony or Jamnagar to get the exact IFSC Code MAHB0002469.
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 Jamnagar, you'll get the correct details.
How to Use IFSC Code MAHB0002469 for Online Transfers?
If you have the IFSC Code MAHB0002469 for the Khodiyar Colony branch of Bank Of Maharashtra in Jamnagar, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0002469. Transfers are processed in batches. 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. Asks for the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0002469.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Bank Of Maharashtra Khodiyar Colony in Jamnagar, it may 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 Khodiyar Colony, 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 Jamnagar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Khodiyar Colony Jamnagar branch is MAHB0002469.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Swastik Complex, Khodiyar Colony, Dist-Jamnagar, Gujarat-361006.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.