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 Kanjurmarg, Mumbai branch in Mumbai Suburban, Mumbai, 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 Mumbai Suburban or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0000397. 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, Kanjurmarg, Mumbai, Mumbai Suburban
The table below shows the main details of the IFSC Code MAHB0000397 for the Bank Of Maharashtra branch in Mumbai Suburban, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0000397 |
| Branch | Kanjurmarg, Mumbai |
| City | Mumbai Suburban |
| District | Mumbai |
| State | Maharashtra |
| Address | Shop No. 16,17,33,34,35, Huma Mall Kanjur Marg, Mumbail.B.S. Road |
These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Mumbai Suburban for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000397 for the Kanjurmarg, Mumbai branch of Bank Of Maharashtra has a very 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 Kanjurmarg, Mumbai, Mumbai Suburban, Maharashtra, are given a unique IFSC like MAHB0000397 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mumbai Suburban.
- 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 Mumbai Suburban and Mumbai.
- 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 Kanjurmarg, Mumbai 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 MAHB0000397
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 Kanjurmarg, Mumbai in Mumbai Suburban.
For example, the IFSC Code MAHB0000397 of Bank Of Maharashtra for the Kanjurmarg, Mumbai branch includes these elements, identifying the bank and the branch location in Mumbai Suburban and Maharashtra correctly.
How to Find IFSC Code for Bank Of Maharashtra?
If you are trying to find the IFSC Code MAHB0000397 of Bank Of Maharashtra for its Kanjurmarg, Mumbai branch located in Mumbai Suburban, 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 Mumbai Suburban and Mumbai, 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 Kanjurmarg, Mumbai or Mumbai Suburban to get the exact IFSC Code MAHB0000397.
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 Mumbai Suburban, you'll get the correct details.
How to Use IFSC Code MAHB0000397 for Online Transfers?
Once you have the IFSC Code MAHB0000397 for the Kanjurmarg, Mumbai branch of Bank Of Maharashtra in Mumbai Suburban, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0000397. 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 MAHB0000397.
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 Kanjurmarg, Mumbai in Mumbai Suburban 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 Kanjurmarg, Mumbai, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Mumbai Suburban to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0000397.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Shop No. 16,17,33,34,35, Huma Mall Kanjur Marg, Mumbail.B.S. Road located in Mumbai Suburban, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.