IFSC Code of Bank Of Maharashtra, Rayagada, Rayagada, Odisha- MAHB0002049

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bank Of Maharashtra for its Rayagada branch in Rayagada, Rayagada, Odisha, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Bank Of Maharashtra located in Rayagada or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code MAHB0002049. 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, Rayagada, Rayagada

Here are the main details that are associated with the IFSC Code MAHB0002049 of Bank Of Maharashtra for its branch located in Rayagada, within the district of Rayagada in the state of Odisha.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Rayagada for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002049 for the Rayagada branch of Bank Of Maharashtra plays 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 Rayagada, Rayagada, Odisha, is provided with a unique IFSC like MAHB0002049 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of Maharashtra branch in Rayagada.
• 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 Rayagada and Rayagada.
• 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Rayagada do not get mixed with another location.

Format of the IFSC Code MAHB0002049

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 Rayagada in Rayagada.

For example, the IFSC Code MAHB0002049 of Bank Of Maharashtra for the Rayagada branch includes these elements, identifying the bank and the branch location in Rayagada and Odisha accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0002049 of Bank Of Maharashtra for its Rayagada branch located in Rayagada, 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 Rayagada and Rayagada, 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 Rayagada or Rayagada to get the exact IFSC Code MAHB0002049.

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 Rayagada that will provide accurate information.

How to Use IFSC Code MAHB0002049 for Online Transfers?

If you have the IFSC Code MAHB0002049 for the Rayagada branch of Bank Of Maharashtra in Rayagada, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0002049. 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 MAHB0002049.

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 Rayagada in Rayagada, 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 Rayagada, 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 Rayagada manage their online transfers and cheque clearances easily.