IFSC Code of Bank Of Maharashtra, Retail Asset Branch Nagpur, Nagpur, Maharashtra- MAHB0001494

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of Maharashtra for its Retail Asset Branch Nagpur branch in Nagpur, Nagpur, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of Maharashtra situated in Nagpur or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code MAHB0001494. You should 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, Retail Asset Branch Nagpur, Nagpur

Below in the table are the key details related to IFSC Code MAHB0001494 of Bank Of Maharashtra for its branch located in Nagpur, within the district of Nagpur in the state of Maharashtra.

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 MAHB0001494 for the Retail Asset Branch Nagpur 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 Retail Asset Branch Nagpur, Nagpur, Maharashtra, is provided a unique IFSC like MAHB0001494 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 Nagpur.
• 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 Retail Asset Branch Nagpur do not get misguided to another person.

Format of the IFSC Code MAHB0001494

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 Retail Asset Branch Nagpur in Nagpur.

For example, the IFSC Code MAHB0001494 of Bank Of Maharashtra for the Retail Asset Branch Nagpur branch includes these elements, identifying the bank and the branch location in Nagpur and Maharashtra correctly.

How to Find IFSC Code for Bank Of Maharashtra?

If you are looking for the IFSC Code MAHB0001494 of Bank Of Maharashtra for its Retail Asset Branch Nagpur 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 Nagpur, 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 Retail Asset Branch Nagpur or Nagpur to get the exact IFSC Code MAHB0001494.

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 MAHB0001494 for Online Transfers?

Once you have the IFSC Code MAHB0001494 for the Retail Asset Branch Nagpur branch of Bank Of Maharashtra in Nagpur, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code MAHB0001494. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 MAHB0001494.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Bank Of Maharashtra Retail Asset Branch Nagpur in Nagpur, your payment can get delayed or might not go through at all.

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 Retail Asset Branch Nagpur, 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.