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 Ottappalam branch in Palakkad, Palakkad, Kerala, 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 Palakkad or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code MAHB0002459. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Bank Of Maharashtra, Ottappalam, Palakkad
The table below shows the main details of the IFSC Code MAHB0002459 for the Bank Of Maharashtra branch in Palakkad, which falls under the Palakkad district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0002459 |
| Branch | Ottappalam |
| City | Palakkad |
| District | Palakkad |
| State | Kerala |
| Address | G-Floor Asco Tower, East Ottapalam, Ottapalam, Dist-Palakkad, Kerala-679101 |
These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Palakkad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002459 for the Ottappalam 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 Ottappalam, Palakkad, Kerala, are allotted a unique IFSC like MAHB0002459 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Palakkad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Palakkad and Palakkad.
- 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 Ottappalam reaches the right place, even though there are thousands of branches in Kerala and across India.
Format of the IFSC Code MAHB0002459
This is the format of the IFSC Code for banks, including Bank Of Maharashtra, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Bank Of Maharashtra, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Ottappalam in Palakkad.
For example, the IFSC Code MAHB0002459 of Bank Of Maharashtra for the Ottappalam branch includes these elements, identifying the bank and the branch location in Palakkad and Kerala accurately.
How to Find IFSC Code for Bank Of Maharashtra?
If you are trying to find the IFSC Code MAHB0002459 of Bank Of Maharashtra for its Ottappalam branch located in Palakkad, the following methods can help:
Cheque Book
The cheque book issued by Bank Of Maharashtra includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Bank Of Maharashtra branches in Palakkad and Palakkad, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Bank Of Maharashtra and navigate to the branch locator section. Search for Ottappalam or Palakkad to get the exact IFSC Code MAHB0002459.
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 keeps an updated list of all IFSC codes. If you search for Bank Of Maharashtra and Palakkad, you'll get the correct details.
How to Use IFSC Code MAHB0002459 for Online Transfers?
Once you have the IFSC Code MAHB0002459 for the Ottappalam branch of Bank Of Maharashtra in Palakkad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0002459. 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 MAHB0002459.
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 Ottappalam in Palakkad, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of Maharashtra in Ottappalam, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Bank Of Maharashtra website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Palakkad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0002459.
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 G-Floor Asco Tower, East Ottapalam, Ottapalam, Dist-Palakkad, Kerala-679101 located in Palakkad, Palakkad, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.