IFSC Code of Bank Of Maharashtra, Raxaul, Purbi Champaran, Bihar- MAHB0002575

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 Raxaul branch in Purbi Champaran, Purbi Champaran, Bihar, 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 Purbi Champaran or anywhere in Bihar can easily transfer funds instantly by using the correct IFSC Code MAHB0002575. 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, Raxaul, Purbi Champaran

Here are some of the key details that come with the IFSC Code MAHB0002575 of Bank Of Maharashtra for its branch located in Purbi Champaran, within the district of Purbi Champaran in the state of Bihar.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Purbi Champaran for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0002575 for the Raxaul branch of Bank Of Maharashtra is vital.

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 Raxaul, Purbi Champaran, Bihar, are given a unique IFSC like MAHB0002575 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Purbi Champaran.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Purbi Champaran and Purbi Champaran.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of Maharashtra in Raxaul goes to the correct branch. This is important because Bank Of Maharashtra has thousands of branches in Bihar and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code MAHB0002575

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 Raxaul in Purbi Champaran.

For example, the IFSC Code MAHB0002575 of Bank Of Maharashtra for the Raxaul branch includes these elements, identifying the bank and the branch location in Purbi Champaran and Bihar accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0002575 of Bank Of Maharashtra for its Raxaul branch located in Purbi Champaran, 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 Purbi Champaran and Purbi Champaran, 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 Raxaul or Purbi Champaran to get the exact IFSC Code MAHB0002575.

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 Purbi Champaran, you'll get the correct details.

How to Use IFSC Code MAHB0002575 for Online Transfers?

Once you have the IFSC Code MAHB0002575 for the Raxaul branch of Bank Of Maharashtra in Purbi Champaran, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0002575. 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 MAHB0002575.

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 Raxaul in Purbi Champaran, it can 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 Raxaul, 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 Purbi Champaran to handle online money transfers and get their cheques cleared smoothly.