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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of Maharashtra for its Sangurul branch in Kolhapur, Sangrul, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of Maharashtra located in Kolhapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0000497. 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, Sangurul, Kolhapur

The table below shows the main details of the IFSC Code MAHB0000497 for the Bank Of Maharashtra branch in Kolhapur, which falls under the Sangrul district in Maharashtra.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0000497
Branch Sangurul
City Kolhapur
District Sangrul
State Maharashtra
Address Sangrul, Karweer Taluka

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Kolhapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0000497 for the Sangurul 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 Sangurul, Kolhapur, Maharashtra, are given a unique IFSC like MAHB0000497 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kolhapur.
  • 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 Kolhapur and Sangrul.
  • 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 Sangurul 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 MAHB0000497

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 Sangurul in Kolhapur.

For example, the IFSC Code MAHB0000497 of Bank Of Maharashtra for the Sangurul branch includes these elements, identifying the bank and the branch location in Kolhapur and Maharashtra accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are looking for the IFSC Code MAHB0000497 of Bank Of Maharashtra for its Sangurul branch located in Kolhapur, 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 Kolhapur and Sangrul, 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 Sangurul or Kolhapur to get the exact IFSC Code MAHB0000497.

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 Kolhapur, then it will provide you proper information.

How to Use IFSC Code MAHB0000497 for Online Transfers?

Once you have the IFSC Code MAHB0000497 for the Sangurul branch of Bank Of Maharashtra in Kolhapur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0000497. 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 MAHB0000497.

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 Sangurul in Kolhapur, 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 Sangurul, 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 Kolhapur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra Sangurul Kolhapur?

The IFSC Code of the Sangurul Kolhapur branch is MAHB0000497.

Is IFSC Code MAHB0000497 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 Sangurul branch?

The branch is located at Sangrul, Karweer Taluka.

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.