IFSC Code of Bank Of Maharashtra, Focal Point Rd Ludhiana, Sherpur-Bet, Punjab- MAHB0001424

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of Maharashtra for its Focal Point Rd Ludhiana branch in Ludhiana, Sherpur-Bet, or Punjab, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of Maharashtra located in Ludhiana or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code MAHB0001424. 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, Focal Point Rd Ludhiana, Ludhiana

Here are the key points that are associated with the IFSC Code MAHB0001424 of Bank Of Maharashtra for its branch located in Ludhiana, within the district of Sherpur-Bet 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 MAHB0001424 for the Focal Point Rd 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 provided by the Reserve Bank of India. Every bank branch, including Bank Of Maharashtra located in Focal Point Rd Ludhiana, Ludhiana, Punjab, is provided with a unique IFSC like MAHB0001424 to ensure that online payments reach the right destination.

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 errors or confusions between multiple branches of the same bank across different places like Ludhiana and Sherpur-Bet.
• 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 Punjab and the rest of India and the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Focal Point Rd Ludhiana do not get mixed with another location.

Format of the IFSC Code MAHB0001424

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 Focal Point Rd Ludhiana in Ludhiana.

For example, the IFSC Code MAHB0001424 of Bank Of Maharashtra for the Focal Point Rd 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 MAHB0001424 of Bank Of Maharashtra for its Focal Point Rd 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

You can easily find the IFSC and MICR codes because most banks, including Bank Of Maharashtra branches in Ludhiana and Sherpur-Bet, print them 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 Focal Point Rd Ludhiana or Ludhiana to get the exact IFSC Code MAHB0001424.

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 MAHB0001424 for Online Transfers?

Once you have the IFSC Code MAHB0001424 for the Focal Point Rd Ludhiana branch of Bank Of Maharashtra in Ludhiana, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001424. 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 MAHB0001424.

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 Focal Point Rd Ludhiana in Ludhiana 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 Focal Point Rd Ludhiana, 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 Ludhiana manage their online transfers and cheque clearances easily.