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 Nand branch in Nagpur, Nand, 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 Nagpur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0000806. 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, Nand, Nagpur
The table below shows the main details of the IFSC Code MAHB0000806 for the Bank Of Maharashtra branch in Nagpur, which falls under the Nand district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0000806 |
| Branch | Nand |
| City | Nagpur |
| District | Nand |
| State | Maharashtra |
| Address | Gobhane Bldg,Ward No.1 Nand Bhiwapur Teh |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Nagpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000806 for the Nand branch of Bank Of Maharashtra plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of Maharashtra located in Nand, Nagpur, Maharashtra, is provided a unique IFSC like MAHB0000806 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of Maharashtra branch in Nagpur.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Nagpur and Nand.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Nand do not get misguided to another person.
Format of the IFSC Code MAHB0000806
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 Nand in Nagpur.
For example, the IFSC Code MAHB0000806 of Bank Of Maharashtra for the Nand branch includes these elements, identifying the bank and the branch location in Nagpur and Maharashtra accurately.
How to Find IFSC Code for Bank Of Maharashtra?
If you are looking for the IFSC Code MAHB0000806 of Bank Of Maharashtra for its Nand branch located in Nagpur, 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 Nagpur and Nand, 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 Nand or Nagpur to get the exact IFSC Code MAHB0000806.
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 Nagpur, then it will provide you proper information.
How to Use IFSC Code MAHB0000806 for Online Transfers?
If you have the IFSC Code MAHB0000806 for the Nand branch of Bank Of Maharashtra in Nagpur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0000806. 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 MAHB0000806.
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 Nand in Nagpur, 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 Nand, 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 Nagpur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0000806.
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 Gobhane Bldg,Ward No.1 Nand Bhiwapur Teh located in Nagpur, Nand, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.