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 Khandala branch in Satara, Khandala, 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 Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0001630. 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, Khandala, Satara
The table below shows the main details of the IFSC Code MAHB0001630 for the Bank Of Maharashtra branch in Satara, which falls under the Khandala district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0001630 |
| Branch | Khandala |
| City | Satara |
| District | Khandala |
| State | Maharashtra |
| Address | Vanraj Bunglow, Near Panchyat Samiti |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Satara for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0001630 for the Khandala branch of Bank Of Maharashtra is vital.
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 Khandala, Satara, Maharashtra, are allotted a unique IFSC like MAHB0001630 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Satara.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Satara and Khandala.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Bank Of Maharashtra in Khandala reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code MAHB0001630
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 Khandala in Satara.
For example, the IFSC Code MAHB0001630 of Bank Of Maharashtra for the Khandala branch includes these elements, identifying the bank and the branch location in Satara and Maharashtra correctly.
How to Find IFSC Code for Bank Of Maharashtra?
If you are looking for the IFSC Code MAHB0001630 of Bank Of Maharashtra for its Khandala branch located in Satara, 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 Satara and Khandala, 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 Khandala or Satara to get the exact IFSC Code MAHB0001630.
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 Satara, then it will provide you proper information.
How to Use IFSC Code MAHB0001630 for Online Transfers?
Once you have the IFSC Code MAHB0001630 for the Khandala branch of Bank Of Maharashtra in Satara, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHB0001630. 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 MAHB0001630.
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 Khandala in Satara, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bank Of Maharashtra in Khandala, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Satara to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0001630.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Vanraj Bunglow, Near Panchyat Samiti located in Satara, Khandala, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.