IFSC Code of Bank Of Maharashtra, Shinganapur, Shingnapur, Maharashtra — MAHB0000824

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of Maharashtra for its Shinganapur branch in Satara, Shingnapur, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of Maharashtra situated in Satara or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code MAHB0000824. You should 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, Shinganapur, Satara

Below in the table are the key details related to IFSC Code MAHB0000824 of Bank Of Maharashtra for its branch located in Satara, within the district of Shingnapur in the state of Maharashtra.

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 MAHB0000824 for the Shinganapur 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, including Bank Of Maharashtra located in Shinganapur, Satara, Maharashtra, is provided with a unique IFSC like MAHB0000824 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of Maharashtra branch in Satara.
• 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 Satara and Shingnapur.
• 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 Shinganapur do not get mixed with another location.

Format of the IFSC Code MAHB0000824

The format of the IFSC Code for banks, including Bank Of Maharashtra, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): These represent the bank code. In Bank Of Maharashtra, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Shinganapur in Satara.

For example, the IFSC Code MAHB0000824 of Bank Of Maharashtra for the Shinganapur branch has these elements, identifying the bank and the branch location in Satara and Maharashtra correctly.

How to Find IFSC Code for Bank Of Maharashtra?

To find the IFSC Code MAHB0000824 of Bank Of Maharashtra for its Shinganapur branch located in Satara, the following methods can help you out:

Cheque Book

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

Passbook

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

Bank Website

Visit the official website of Bank Of Maharashtra and go to the branch locator section. Then search for Shinganapur or Satara to find the exact IFSC Code MAHB0000824.

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 maintains an updated database of all IFSC codes. Searching for Bank Of Maharashtra and Satara will provide accurate information.

How to Use IFSC Code MAHB0000824 for Online Transfers?

If you have the IFSC Code MAHB0000824 for the Shinganapur branch of Bank Of Maharashtra in Satara, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0000824. 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 MAHB0000824.

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 Shinganapur in Satara, it may result in delayed or failed transactions.

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 Shinganapur, 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.