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 Konar branch in Janjgir-Champa, Konar, Chhattisgarh, 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 Janjgir-Champa or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code MAHB0001075. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of Maharashtra, Konar, Janjgir-Champa

Here are the main details that are associated with the IFSC Code MAHB0001075 of Bank Of Maharashtra for its branch located in Janjgir-Champa, within the district of Konar in the state of Chhattisgarh.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001075
Branch Konar
City Janjgir-Champa
District Konar
State Chhattisgarh
Address Chandrakar House,Bilaspur-Pamgarh Road,Konar,Teh.Pamgarh,495553

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Janjgir-Champa for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0001075 for the Konar 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, along with Bank Of Maharashtra located in Konar, Janjgir-Champa, Chhattisgarh, are allotted a unique IFSC like MAHB0001075 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code MAHB0001075

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 Konar in Janjgir-Champa.

For example, the IFSC Code MAHB0001075 of Bank Of Maharashtra for the Konar branch includes these elements, identifying the bank and the branch location in Janjgir-Champa and Chhattisgarh accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are looking for the IFSC Code MAHB0001075 of Bank Of Maharashtra for its Konar branch located in Janjgir-Champa, 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 Janjgir-Champa and Konar, 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 Konar or Janjgir-Champa to get the exact IFSC Code MAHB0001075.

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 Janjgir-Champa, then it will provide you proper information.

How to Use IFSC Code MAHB0001075 for Online Transfers?

Once you have the IFSC Code MAHB0001075 for the Konar branch of Bank Of Maharashtra in Janjgir-Champa, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001075. 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 MAHB0001075.

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 Konar in Janjgir-Champa may 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 Konar, 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 Janjgir-Champa manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra Konar Janjgir-Champa?

The IFSC Code of the Konar Janjgir-Champa branch is MAHB0001075.

Is IFSC Code MAHB0001075 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of Maharashtra Konar branch?

The branch is located at Chandrakar House,Bilaspur-Pamgarh Road,Konar,Teh.Pamgarh,495553.

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.