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 Gaudgaon branch in Solapur, Gaudgaon, 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 Solapur or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code MAHB0000825. 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, Gaudgaon, Solapur

Here are the main details that are associated with the IFSC Code MAHB0000825 of Bank Of Maharashtra for its branch located in Solapur, within the district of Gaudgaon in the state of Maharashtra.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0000825
Branch Gaudgaon
City Solapur
District Gaudgaon
State Maharashtra
Address Adarsh New English School Compound, Opp St Stand, Gaudgaon, Teh. Barshi 413406

These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Solapur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000825 for the Gaudgaon branch of Bank Of Maharashtra has a very 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, along with Bank Of Maharashtra located in Gaudgaon, Solapur, Maharashtra, are given a unique IFSC like MAHB0000825 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Solapur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Solapur and Gaudgaon.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Bank Of Maharashtra in Gaudgaon goes to the correct branch. This is important because Bank Of Maharashtra has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code MAHB0000825

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 Gaudgaon in Solapur.

For example, the IFSC Code MAHB0000825 of Bank Of Maharashtra for the Gaudgaon branch includes these elements, identifying the bank and the branch location in Solapur and Maharashtra accurately.

How to Find IFSC Code for Bank Of Maharashtra?

To find the IFSC Code MAHB0000825 of Bank Of Maharashtra for its Gaudgaon branch located in Solapur, 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 Solapur and Gaudgaon, 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 Gaudgaon or Solapur to find the exact IFSC Code MAHB0000825.

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 Solapur will provide accurate information.

How to Use IFSC Code MAHB0000825 for Online Transfers?

Once you have the IFSC Code MAHB0000825 for the Gaudgaon branch of Bank Of Maharashtra in Solapur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0000825. 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 MAHB0000825.

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 Gaudgaon in Solapur 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 Gaudgaon, 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 Solapur to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra Gaudgaon Solapur?

The IFSC Code of the Gaudgaon Solapur branch is MAHB0000825.

Is IFSC Code MAHB0000825 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Bank Of Maharashtra Gaudgaon branch?

The branch is located at Adarsh New English School Compound, Opp St Stand, Gaudgaon, Teh. Barshi 413406.

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.