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 Vaibhavwadi branch in Sindhudurg, Vaibhavwadi, Maharashtra, 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 Sindhudurg or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0001634. 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, Vaibhavwadi, Sindhudurg

The table below shows the main details of the IFSC Code MAHB0001634 for the Bank Of Maharashtra branch in Sindhudurg, which falls under the Vaibhavwadi district in Maharashtra.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001634
Branch Vaibhavwadi
City Sindhudurg
District Vaibhavwadi
State Maharashtra
Address S No. 46 A/F, Shop No. 666A, Sadguru Complex, Purva Bazar Peth, Sambhaji Chowk, Vaibhavwadi, 416810

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Sindhudurg for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0001634 for the Vaibhavwadi 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 Vaibhavwadi, Sindhudurg, Maharashtra, are allotted a unique IFSC like MAHB0001634 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Sindhudurg.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Sindhudurg and Vaibhavwadi.
  • 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 Vaibhavwadi reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code MAHB0001634

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Bank Of Maharashtra, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Vaibhavwadi in Sindhudurg.

For example, the IFSC Code MAHB0001634 of Bank Of Maharashtra for the Vaibhavwadi branch includes these elements, identifying the bank and the branch location in Sindhudurg and Maharashtra accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0001634 of Bank Of Maharashtra for its Vaibhavwadi branch located in Sindhudurg, 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

Most banks, including Bank Of Maharashtra branches in Sindhudurg and Vaibhavwadi, print the IFSC and MICR codes 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 Vaibhavwadi or Sindhudurg to get the exact IFSC Code MAHB0001634.

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 Sindhudurg, you'll get the correct details.

How to Use IFSC Code MAHB0001634 for Online Transfers?

Once you have the IFSC Code MAHB0001634 for the Vaibhavwadi branch of Bank Of Maharashtra in Sindhudurg, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001634. 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 MAHB0001634.

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 Vaibhavwadi in Sindhudurg 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 Vaibhavwadi, 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 Sindhudurg manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Vaibhavwadi, Sindhudurg?

The IFSC Code is MAHB0001634.

Is the IFSC Code MAHB0001634 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 Vaibhavwadi?

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 Vaibhavwadi branch?

The address of the branch is S No. 46 A/F, Shop No. 666A, Sadguru Complex, Purva Bazar Peth, Sambhaji Chowk, Vaibhavwadi, 416810 located in Sindhudurg, Vaibhavwadi, Maharashtra.

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.