The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of Maharashtra for its Karanjgavhan branch in Nasik, Karanjgavan, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of Maharashtra located in Nasik or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0001027. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of Maharashtra, Karanjgavhan, Nasik

Here are some of the key details that come with the IFSC Code MAHB0001027 of Bank Of Maharashtra for its branch located in Nasik, within the district of Karanjgavan in the state of Maharashtra.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001027
Branch Karanjgavhan
City Nasik
District Karanjgavan
State Maharashtra
Address Grampanchayat Bldg.At And Po Karanjgavan. Malegaon-423203

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Nasik for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0001027 for the Karanjgavhan 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of Maharashtra located in Karanjgavhan, Nasik, Maharashtra, are allotted a unique IFSC like MAHB0001027 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Nasik.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Nasik and Karanjgavan.
  • 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 Karanjgavhan reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code MAHB0001027

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 Karanjgavhan in Nasik.

For example, the IFSC Code MAHB0001027 of Bank Of Maharashtra for the Karanjgavhan branch includes these elements, identifying the bank and the branch location in Nasik and Maharashtra accurately.

How to Find IFSC Code for Bank Of Maharashtra?

To find the IFSC Code MAHB0001027 of Bank Of Maharashtra for its Karanjgavhan branch located in Nasik, 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 Nasik and Karanjgavan, 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 Karanjgavhan or Nasik to find the exact IFSC Code MAHB0001027.

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 Nasik will provide accurate information.

How to Use IFSC Code MAHB0001027 for Online Transfers?

If you have the IFSC Code MAHB0001027 for the Karanjgavhan branch of Bank Of Maharashtra in Nasik, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001027. 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 MAHB0001027.

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 Karanjgavhan in Nasik, 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 Karanjgavhan, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Nasik manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Karanjgavhan, Nasik?

The IFSC Code is MAHB0001027.

Is the IFSC Code MAHB0001027 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Maharashtra Karanjgavhan?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Karanjgavhan branch?

The address of the branch is Grampanchayat Bldg.At And Po Karanjgavan. Malegaon-423203 located in Nasik, Karanjgavan, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.