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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Bank Of Maharashtra for its Biaora branch in Rajgarh, Biaora, or Madhya Pradesh, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Bank Of Maharashtra located in Rajgarh or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code MAHB0002264. 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, Biaora, Rajgarh

Below in the table are the key details related to IFSC Code MAHB0002264 of Bank Of Maharashtra for its branch located in Rajgarh, within the district of Biaora in the state of Madhya Pradesh.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0002264
Branch Biaora
City Rajgarh
District Biaora
State Madhya Pradesh
Address 43/1, Old A.B Road, Biaora, Rajgarh-465674

These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Rajgarh for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002264 for the Biaora 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 Biaora, Rajgarh, Madhya Pradesh, are given a unique IFSC like MAHB0002264 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Rajgarh.
  • 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 Rajgarh and Biaora.
  • 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 Biaora goes to the correct branch. This is important because Bank Of Maharashtra has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code MAHB0002264

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 Biaora in Rajgarh.

For example, the IFSC Code MAHB0002264 of Bank Of Maharashtra for the Biaora branch includes these elements, identifying the bank and the branch location in Rajgarh and Madhya Pradesh accurately.

How to Find IFSC Code for Bank Of Maharashtra?

To find the IFSC Code MAHB0002264 of Bank Of Maharashtra for its Biaora branch located in Rajgarh, 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 Rajgarh and Biaora, 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 Biaora or Rajgarh to find the exact IFSC Code MAHB0002264.

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 Rajgarh will provide accurate information.

How to Use IFSC Code MAHB0002264 for Online Transfers?

Once you have the IFSC Code MAHB0002264 for the Biaora branch of Bank Of Maharashtra in Rajgarh, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code MAHB0002264. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0002264.

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 Biaora in Rajgarh, your payment can get delayed or might not go through at all.

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 Biaora, 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 Rajgarh manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Biaora, Rajgarh?

The IFSC Code is MAHB0002264.

Is the IFSC Code MAHB0002264 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 Biaora?

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 Biaora branch?

The address of the branch is 43/1, Old A.B Road, Biaora, Rajgarh-465674 located in Rajgarh, Biaora, Madhya Pradesh.

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.