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 Sspm Shivajinagar Barshi branch in Solapur, Barsi, 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 Solapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0001174. 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, Sspm Shivajinagar Barshi, Solapur
The table below shows the main details of the IFSC Code MAHB0001174 for the Bank Of Maharashtra branch in Solapur, which falls under the Barsi district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0001174 |
| Branch | Sspm Shivajinagar Barshi |
| City | Solapur |
| District | Barsi |
| State | Maharashtra |
| Address | Shivaji Nagar Barshi Barsi, P.O. Shivaji Nagar, |
These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Solapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0001174 for the Sspm Shivajinagar Barshi 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 that is provided by the Reserve Bank of India. A unique IFSC like MAHB0001174 is given to every bank branch, including Bank Of Maharashtra located in Sspm Shivajinagar Barshi, Solapur, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Bank Of Maharashtra branch in Solapur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Solapur and Barsi.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Sspm Shivajinagar Barshi doesn't end up at another location.
Format of the IFSC Code MAHB0001174
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 Sspm Shivajinagar Barshi in Solapur.
For example, the IFSC Code MAHB0001174 of Bank Of Maharashtra for the Sspm Shivajinagar Barshi branch includes these elements, identifying the bank and the branch location in Solapur and Maharashtra correctly.
How to Find IFSC Code for Bank Of Maharashtra?
If you are looking for the IFSC Code MAHB0001174 of Bank Of Maharashtra for its Sspm Shivajinagar Barshi branch located in Solapur, 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 Solapur and Barsi, 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 Sspm Shivajinagar Barshi or Solapur to get the exact IFSC Code MAHB0001174.
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 Solapur, then it will provide you proper information.
How to Use IFSC Code MAHB0001174 for Online Transfers?
Once you have the IFSC Code MAHB0001174 for the Sspm Shivajinagar Barshi branch of Bank Of Maharashtra in Solapur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHB0001174. 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 MAHB0001174.
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 Sspm Shivajinagar Barshi in Solapur, 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 Sspm Shivajinagar Barshi, 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)
The IFSC Code is MAHB0001174.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shivaji Nagar Barshi Barsi, P.O. Shivaji Nagar, located in Solapur, Barsi, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.