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 Posare(Bhom) branch in Ratnagiri, Posare, or Maharashtra, 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 Ratnagiri or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0000999. 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, Posare(Bhom), Ratnagiri
Here are the main details that are associated with the IFSC Code MAHB0000999 of Bank Of Maharashtra for its branch located in Ratnagiri, within the district of Posare in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0000999 |
| Branch | Posare(Bhom) |
| City | Ratnagiri |
| District | Posare |
| State | Maharashtra |
| Address | At-Lalbaug, Vill-Bhom, Tal-Chiplun, Dist-Ratnagiri |
These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Ratnagiri for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000999 for the Posare(Bhom) 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 Posare(Bhom), Ratnagiri, Maharashtra, is provided with a unique IFSC like MAHB0000999 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bank Of Maharashtra branch in Ratnagiri.
- 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 Ratnagiri and Posare.
- 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Posare(Bhom) do not get mixed with another location.
Format of the IFSC Code MAHB0000999
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 Posare(Bhom) in Ratnagiri.
For example, the IFSC Code MAHB0000999 of Bank Of Maharashtra for the Posare(Bhom) branch includes these elements, identifying the bank and the branch location in Ratnagiri and Maharashtra correctly.
How to Find IFSC Code for Bank Of Maharashtra?
If you are trying to find the IFSC Code MAHB0000999 of Bank Of Maharashtra for its Posare(Bhom) branch located in Ratnagiri, the following methods can help:
Cheque Book
The cheque books that are issued by Bank Of Maharashtra include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Bank Of Maharashtra branches in Ratnagiri and Posare, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bank Of Maharashtra and find the branch locator section. Search for Posare(Bhom) or Ratnagiri to get the exact IFSC Code MAHB0000999.
Mobile Banking App
If you use Bank Of Maharashtra's mobile app, you can easily 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 to help you in searching for Bank Of Maharashtra and Ratnagiri that will provide accurate information.
How to Use IFSC Code MAHB0000999 for Online Transfers?
Once you have the IFSC Code MAHB0000999 for the Posare(Bhom) branch of Bank Of Maharashtra in Ratnagiri, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHB0000999. 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 MAHB0000999.
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 Posare(Bhom) in Ratnagiri, your payment can get delayed or might not go through at all.
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 Posare(Bhom), 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 Ratnagiri manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Posare(Bhom) Ratnagiri branch is MAHB0000999.
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 At-Lalbaug, Vill-Bhom, Tal-Chiplun, Dist-Ratnagiri.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
