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 Choudapur branch in Kalaburagi, Choudapur, Karnataka, 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 Kalaburagi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code MAHB0000512. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Choudapur, Kalaburagi

Below in the table are the key details related to IFSC Code MAHB0000512 of Bank Of Maharashtra for its branch located in Kalaburagi, within the district of Choudapur in the state of Karnataka.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0000512
Branch Choudapur
City Kalaburagi
District Choudapur
State Karnataka
Address Via Gangapur,Chaudapurteh.Afzalpur

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Kalaburagi for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000512 for the Choudapur branch of Bank Of Maharashtra plays an 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 Choudapur, Kalaburagi, Karnataka, are allotted a unique IFSC like MAHB0000512 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code MAHB0000512

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 Choudapur in Kalaburagi.

For example, the IFSC Code MAHB0000512 of Bank Of Maharashtra for the Choudapur branch includes these elements, identifying the bank and the branch location in Kalaburagi and Karnataka accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0000512 of Bank Of Maharashtra for its Choudapur branch located in Kalaburagi, 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 Kalaburagi and Choudapur, 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 Choudapur or Kalaburagi to get the exact IFSC Code MAHB0000512.

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 Kalaburagi that will provide accurate information.

How to Use IFSC Code MAHB0000512 for Online Transfers?

Once you have the IFSC Code MAHB0000512 for the Choudapur branch of Bank Of Maharashtra in Kalaburagi, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code MAHB0000512. 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 MAHB0000512.

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 Choudapur in Kalaburagi, 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 Choudapur, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Kalaburagi manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Choudapur, Kalaburagi?

The IFSC Code is MAHB0000512.

Is the IFSC Code MAHB0000512 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

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

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

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Choudapur branch?

The address of the branch is Via Gangapur,Chaudapurteh.Afzalpur located in Kalaburagi, Choudapur, Karnataka.

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.