For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of Maharashtra for its Rajsamband branch in Rajsamand, Rajsamand, Rajasthan, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of Maharashtra located in Rajsamand or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code MAHB0001921. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Rajsamband, Rajsamand

Below in the table are the key details related to IFSC Code MAHB0001921 of Bank Of Maharashtra for its branch located in Rajsamand, within the district of Rajsamand in the state of Rajasthan.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001921
Branch Rajsamband
City Rajsamand
District Rajsamand
State Rajasthan
Address Plot No. 1 And 2, Jaipal Tower, 100 Feet Road, Raj Rajsamand

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Rajsamand for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0001921 for the Rajsamband branch of Bank Of Maharashtra has 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, including Bank Of Maharashtra located in Rajsamband, Rajsamand, Rajasthan, is provided with a unique IFSC like MAHB0001921 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of Maharashtra branch in Rajsamand.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Rajsamand and Rajsamand.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Rajasthan and the rest of India and the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Rajsamband do not get mixed with another location.

Format of the IFSC Code MAHB0001921

The format of the IFSC Code for banks, including Bank Of Maharashtra, has 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 Rajsamband in Rajsamand.

For example, the IFSC Code MAHB0001921 of Bank Of Maharashtra for the Rajsamband branch includes these elements, identifying the bank and the branch location in Rajsamand and Rajasthan correctly.

How to Find IFSC Code for Bank Of Maharashtra?

If you are looking for the IFSC Code MAHB0001921 of Bank Of Maharashtra for its Rajsamband branch located in Rajsamand, the following methods can help:

Cheque Book

The cheque book that is issued by Bank Of Maharashtra includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Bank Of Maharashtra branches in Rajsamand and Rajsamand, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Bank Of Maharashtra and look for the branch locator section, then search for Rajsamband or Rajsamand to get the exact IFSC Code MAHB0001921.

Mobile Banking App

If you use Bank Of Maharashtra's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Bank Of Maharashtra and Rajsamand, then it will provide you proper information.

How to Use IFSC Code MAHB0001921 for Online Transfers?

If you have the IFSC Code MAHB0001921 for the Rajsamband branch of Bank Of Maharashtra in Rajsamand, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001921. 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 MAHB0001921.

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 Rajsamband in Rajsamand, it may result in delayed or failed transactions.

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 Rajsamband, 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 Rajsamand manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Rajsamband, Rajsamand?

The IFSC Code is MAHB0001921.

Is the IFSC Code MAHB0001921 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

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

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

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Rajsamband branch?

The address of the branch is Plot No. 1 And 2, Jaipal Tower, 100 Feet Road, Raj Rajsamand located in Rajsamand, Rajsamand, Rajasthan.

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.