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 Kurali branch in S.A.S. Nagar, S.A.S Nagar, Punjab, 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 S.A.S. Nagar or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code MAHB0002584. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Kurali, S.A.S. Nagar

Here are the main details that are associated with the IFSC Code MAHB0002584 of Bank Of Maharashtra for its branch located in S.A.S. Nagar, within the district of S.A.S Nagar in the state of Punjab.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0002584
Branch Kurali
City S.A.S. Nagar
District S.A.S Nagar
State Punjab
Address Shop No A1 & A2, Kurali Business Centre, Morinda Road, Kurali, District- Sas Nagar, Punjab-140103

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Maharashtra in S.A.S. Nagar for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002584 for the Kurali 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 that is provided by the Reserve Bank of India. A unique IFSC like MAHB0002584 is given to every bank branch, including Bank Of Maharashtra located in Kurali, S.A.S. Nagar, Punjab, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Bank Of Maharashtra branch in S.A.S. Nagar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like S.A.S. Nagar and S.A.S Nagar.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Punjab and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Kurali doesn't end up at another location.

Format of the IFSC Code MAHB0002584

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 Kurali in S.A.S. Nagar.

For example, the IFSC Code MAHB0002584 of Bank Of Maharashtra for the Kurali branch includes these elements, identifying the bank and the branch location in S.A.S. Nagar and Punjab accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0002584 of Bank Of Maharashtra for its Kurali branch located in S.A.S. Nagar, 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

You can easily find the IFSC and MICR codes because most banks, including Bank Of Maharashtra branches in S.A.S. Nagar and S.A.S Nagar, print them 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 Kurali or S.A.S. Nagar to get the exact IFSC Code MAHB0002584.

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 S.A.S. Nagar, you'll get the correct details.

How to Use IFSC Code MAHB0002584 for Online Transfers?

Once you have the IFSC Code MAHB0002584 for the Kurali branch of Bank Of Maharashtra in S.A.S. Nagar, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0002584. Transfers are processed in batches. This is 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. Requires the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0002584.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of Maharashtra Kurali in S.A.S. Nagar may result in delayed or failed transactions.

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 Kurali, 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 S.A.S. Nagar manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Kurali, S.A.S. Nagar?

The IFSC Code is MAHB0002584.

Is the IFSC Code MAHB0002584 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 Kurali?

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 Kurali branch?

The address of the branch is Shop No A1 & A2, Kurali Business Centre, Morinda Road, Kurali, District- Sas Nagar, Punjab-140103 located in S.A.S. Nagar, S.A.S Nagar, Punjab.

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.