IFSC Code of Bank Of Maharashtra, Satna, Satna, Madhya Pradesh — MAHB0001168

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 Satna branch in Satna, Satna, or Madhya Pradesh, 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 Satna or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code MAHB0001168. 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, Satna, Satna

Below in the table are the key details related to IFSC Code MAHB0001168 of Bank Of Maharashtra for its branch located in Satna, within the district of Satna in the state of Madhya Pradesh.

These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Satna for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0001168 for the Satna 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 Satna, Satna, Madhya Pradesh, is provided with a unique IFSC like MAHB0001168 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code MAHB0001168

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 Satna in Satna.

For example, the IFSC Code MAHB0001168 of Bank Of Maharashtra for the Satna branch has these elements, identifying the bank and the branch location in Satna and Madhya Pradesh correctly.

How to Find IFSC Code for Bank Of Maharashtra?

If you are looking for the IFSC Code MAHB0001168 of Bank Of Maharashtra for its Satna branch located in Satna, 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 Satna and Satna, 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 Satna or Satna to get the exact IFSC Code MAHB0001168.

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 Satna, then it will provide you proper information.

How to Use IFSC Code MAHB0001168 for Online Transfers?

Once you have the IFSC Code MAHB0001168 for the Satna branch of Bank Of Maharashtra in Satna, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001168. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0001168.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of Maharashtra Satna in Satna, it can 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 Satna, 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 Satna manage online transfers as well as cheque clearances with ease.