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 Mandla branch in Mandla, Mandla, or Madhya Pradesh, 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 Mandla or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code MAHB0000788. 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, Mandla, Mandla
Here are the main details that are associated with the IFSC Code MAHB0000788 of Bank Of Maharashtra for its branch located in Mandla, within the district of Mandla in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0000788 |
| Branch | Mandla |
| City | Mandla |
| District | Mandla |
| State | Madhya Pradesh |
| Address | Dr. Goyal S Bldg, Padav Ward, Mandla |
These details helps users in online banking and for businesses and individuals who use Bank Of Maharashtra in Mandla for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000788 for the Mandla branch of Bank Of Maharashtra plays a vital 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 Mandla, Mandla, Madhya Pradesh, are allotted a unique IFSC like MAHB0000788 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mandla.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Mandla and Mandla.
- 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 Mandla reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.
Format of the IFSC Code MAHB0000788
The format of the IFSC Code for banks, including Bank Of Maharashtra, has 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 Mandla in Mandla.
For example, the IFSC Code MAHB0000788 of Bank Of Maharashtra for the Mandla branch includes these elements, identifying the bank and the branch location in Mandla and Madhya Pradesh correctly.
How to Find IFSC Code for Bank Of Maharashtra?
If you are looking for the IFSC Code MAHB0000788 of Bank Of Maharashtra for its Mandla branch located in Mandla, 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 Mandla and Mandla, 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 Mandla or Mandla to get the exact IFSC Code MAHB0000788.
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 Mandla, then it will provide you proper information.
How to Use IFSC Code MAHB0000788 for Online Transfers?
If you have the IFSC Code MAHB0000788 for the Mandla branch of Bank Of Maharashtra in Mandla, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0000788. 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 MAHB0000788.
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 Mandla in Mandla, it 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 Mandla, 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 Mandla manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Mandla Mandla branch is MAHB0000788.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Dr. Goyal S Bldg, Padav Ward, Mandla.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.