For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of Maharashtra for its Hoshangabad branch in Narmadapuram, Hoshangabad, Madhya Pradesh, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Bank Of Maharashtra located in Narmadapuram or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code MAHB0001469. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Bank Of Maharashtra, Hoshangabad, Narmadapuram
Below in the table are the key details related to IFSC Code MAHB0001469 of Bank Of Maharashtra for its branch located in Narmadapuram, within the district of Hoshangabad in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0001469 |
| Branch | Hoshangabad |
| City | Narmadapuram |
| District | Hoshangabad |
| State | Madhya Pradesh |
| Address | Vishwanath Parisar Hoshangabad, Satrasta, Khara Ghat Road |
These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Narmadapuram for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0001469 for the Hoshangabad 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 Hoshangabad, Narmadapuram, Madhya Pradesh, are allotted a unique IFSC like MAHB0001469 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Narmadapuram.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Narmadapuram and Hoshangabad.
- 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 Hoshangabad reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.
Format of the IFSC Code MAHB0001469
The format of the IFSC Code for banks, including Bank Of Maharashtra, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Bank Of Maharashtra, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Hoshangabad in Narmadapuram.
For example, the IFSC Code MAHB0001469 of Bank Of Maharashtra for the Hoshangabad branch includes these elements, identifying the bank and the branch location in Narmadapuram and Madhya Pradesh accurately.
How to Find IFSC Code for Bank Of Maharashtra?
To find the IFSC Code MAHB0001469 of Bank Of Maharashtra for its Hoshangabad branch located in Narmadapuram, the following methods can help you out:
Cheque Book
The cheque book issued by Bank Of Maharashtra includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bank Of Maharashtra branches in Narmadapuram and Hoshangabad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of Maharashtra and go to the branch locator section. Then search for Hoshangabad or Narmadapuram to find the exact IFSC Code MAHB0001469.
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 maintains an updated database of all IFSC codes. Searching for Bank Of Maharashtra and Narmadapuram will provide accurate information.
How to Use IFSC Code MAHB0001469 for Online Transfers?
Once you have the IFSC Code MAHB0001469 for the Hoshangabad branch of Bank Of Maharashtra in Narmadapuram, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0001469. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0001469.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of Maharashtra Hoshangabad in Narmadapuram, it can 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 Hoshangabad, 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 Narmadapuram manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0001469.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Vishwanath Parisar Hoshangabad, Satrasta, Khara Ghat Road located in Narmadapuram, Hoshangabad, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.