IFSC Code of Bank Of Maharashtra, Ferozpur Road Ludhiana, Ludhiana, Punjab- MAHB0002619

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 Ferozpur Road Ludhiana branch in Ludhiana, Ludhiana, Punjab, 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 Ludhiana or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code MAHB0002619. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Ferozpur Road Ludhiana, Ludhiana

Below in the table are the key details related to IFSC Code MAHB0002619 of Bank Of Maharashtra for its branch located in Ludhiana, within the district of Ludhiana in the state of Punjab.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Ludhiana for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002619 for the Ferozpur Road Ludhiana branch of Bank Of Maharashtra has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like MAHB0002619 is given to every bank branch, including Bank Of Maharashtra located in Ferozpur Road Ludhiana, Ludhiana, Punjab, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Bank Of Maharashtra branch in Ludhiana.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Ludhiana and Ludhiana.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Punjab and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Ferozpur Road Ludhiana doesn't end up at another location.

Format of the IFSC Code MAHB0002619

The format of the IFSC Code for banks, including Bank Of Maharashtra, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Bank Of Maharashtra, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ferozpur Road Ludhiana in Ludhiana.

For example, the IFSC Code MAHB0002619 of Bank Of Maharashtra for the Ferozpur Road Ludhiana branch includes these elements, identifying the bank and the branch location in Ludhiana and Punjab accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0002619 of Bank Of Maharashtra for its Ferozpur Road Ludhiana branch located in Ludhiana, 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 Ludhiana and Ludhiana, 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 Ferozpur Road Ludhiana or Ludhiana to get the exact IFSC Code MAHB0002619.

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 Ludhiana, you'll get the correct details.

How to Use IFSC Code MAHB0002619 for Online Transfers?

If you have the IFSC Code MAHB0002619 for the Ferozpur Road Ludhiana branch of Bank Of Maharashtra in Ludhiana, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0002619. 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 MAHB0002619.

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 Ferozpur Road Ludhiana in Ludhiana, it 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 Ferozpur Road Ludhiana, 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 Ludhiana manage online transfers as well as cheque clearances with ease.