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 Otur branch in Nasik, Otur, 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 Nasik or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0000953. 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, Otur, Nasik
The table below shows the main details of the IFSC Code MAHB0000953 for the Bank Of Maharashtra branch in Nasik, which falls under the Otur district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0000953 |
| Branch | Otur |
| City | Nasik |
| District | Otur |
| State | Maharashtra |
| Address | House No.180,Holi Chowk, Otur |
These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Nasik for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000953 for the Otur 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of Maharashtra located in Otur, Nasik, Maharashtra, is provided a unique IFSC like MAHB0000953 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Bank Of Maharashtra branch in Nasik.
- 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 Nasik and Otur.
- 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 Otur do not get misguided to another person.
Format of the IFSC Code MAHB0000953
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 Otur in Nasik.
For example, the IFSC Code MAHB0000953 of Bank Of Maharashtra for the Otur 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 MAHB0000953 of Bank Of Maharashtra for its Otur 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 Otur, 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 Otur or Nasik to find the exact IFSC Code MAHB0000953.
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 MAHB0000953 for Online Transfers?
Once you have the IFSC Code MAHB0000953 for the Otur branch of Bank Of Maharashtra in Nasik, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHB0000953. 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 MAHB0000953.
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 Otur in Nasik, 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 Otur, 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)
The IFSC Code of the Otur Nasik branch is MAHB0000953.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at House No.180,Holi Chowk, Otur.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
