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 Valan branch in Vadodara, Valan, Gujarat, 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 Vadodara or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code MAHB0000514. 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, Valan, Vadodara
Here are some of the key details that come with the IFSC Code MAHB0000514 of Bank Of Maharashtra for its branch located in Vadodara, within the district of Valan in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Bank Of Maharashtra |
| IFSC Code | MAHB0000514 |
| Branch | Valan |
| City | Vadodara |
| District | Valan |
| State | Gujarat |
| Address | Dakri Mansion Near Id-Gah Bus Stand, Valantaluka Karjan |
These details are essential not only for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Vadodara for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000514 for the Valan 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, along with Bank Of Maharashtra located in Valan, Vadodara, Gujarat, are given a unique IFSC like MAHB0000514 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Vadodara.
- 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 Vadodara and Valan.
- 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 Valan goes to the correct branch. This is important because Bank Of Maharashtra has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code MAHB0000514
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 Valan in Vadodara.
For example, the IFSC Code MAHB0000514 of Bank Of Maharashtra for the Valan branch includes these elements, identifying the bank and the branch location in Vadodara and Gujarat accurately.
How to Find IFSC Code for Bank Of Maharashtra?
If you are trying to find the IFSC Code MAHB0000514 of Bank Of Maharashtra for its Valan branch located in Vadodara, 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 Vadodara and Valan, 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 Valan or Vadodara to get the exact IFSC Code MAHB0000514.
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 Vadodara that will provide accurate information.
How to Use IFSC Code MAHB0000514 for Online Transfers?
Once you have the IFSC Code MAHB0000514 for the Valan branch of Bank Of Maharashtra in Vadodara, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHB0000514. 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 MAHB0000514.
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 Valan in Vadodara may 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 Valan, 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 Vadodara manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHB0000514.
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 Dakri Mansion Near Id-Gah Bus Stand, Valantaluka Karjan located in Vadodara, Valan, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.