For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Bank Of Maharashtra for its Nellore branch in Sri Potti Sriramulu Nellore, Nellore, Andhra Pradesh, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Bank Of Maharashtra located in Sri Potti Sriramulu Nellore or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code MAHB0001345. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Nellore, Sri Potti Sriramulu Nellore

Below in the table are the key details related to IFSC Code MAHB0001345 of Bank Of Maharashtra for its branch located in Sri Potti Sriramulu Nellore, within the district of Nellore in the state of Andhra Pradesh.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0001345
Branch Nellore
City Sri Potti Sriramulu Nellore
District Nellore
State Andhra Pradesh
Address Door No 2502-1474A, 1St Floor, Nelloreg.N.T. Road, Vedayapalem,

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Sri Potti Sriramulu Nellore for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0001345 for the Nellore branch of Bank Of Maharashtra is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of Maharashtra located in Nellore, Sri Potti Sriramulu Nellore, Andhra Pradesh, is provided a unique IFSC like MAHB0001345 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Bank Of Maharashtra branch in Sri Potti Sriramulu Nellore.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Sri Potti Sriramulu Nellore and Nellore.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Andhra Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Bank Of Maharashtra in Nellore do not get misguided to another person.

Format of the IFSC Code MAHB0001345

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Bank Of Maharashtra, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Nellore in Sri Potti Sriramulu Nellore.

For example, the IFSC Code MAHB0001345 of Bank Of Maharashtra for the Nellore branch includes these elements, identifying the bank and the branch location in Sri Potti Sriramulu Nellore and Andhra Pradesh accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0001345 of Bank Of Maharashtra for its Nellore branch located in Sri Potti Sriramulu Nellore, the following methods can help:

Cheque Book

The cheque books that are issued by Bank Of Maharashtra include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Bank Of Maharashtra branches in Sri Potti Sriramulu Nellore and Nellore, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of Maharashtra and find the branch locator section. Search for Nellore or Sri Potti Sriramulu Nellore to get the exact IFSC Code MAHB0001345.

Mobile Banking App

If you use Bank Of Maharashtra's mobile app, you can easily 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 to help you in searching for Bank Of Maharashtra and Sri Potti Sriramulu Nellore that will provide accurate information.

How to Use IFSC Code MAHB0001345 for Online Transfers?

If you have the IFSC Code MAHB0001345 for the Nellore branch of Bank Of Maharashtra in Sri Potti Sriramulu Nellore, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0001345. 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 MAHB0001345.

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 Nellore in Sri Potti Sriramulu Nellore, it 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 Nellore, 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 Sri Potti Sriramulu Nellore manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Nellore, Sri Potti Sriramulu Nellore?

The IFSC Code is MAHB0001345.

Is the IFSC Code MAHB0001345 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Maharashtra Nellore?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Nellore branch?

The address of the branch is Door No 2502-1474A, 1St Floor, Nelloreg.N.T. Road, Vedayapalem, located in Sri Potti Sriramulu Nellore, Nellore, Andhra Pradesh.

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.