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 Kothavalasa branch in Vizianagaram, Kothavalasa, Andhra Pradesh, 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 Vizianagaram or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code MAHB0002012. 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, Kothavalasa, Vizianagaram

Here are the main details that are associated with the IFSC Code MAHB0002012 of Bank Of Maharashtra for its branch located in Vizianagaram, within the district of Kothavalasa in the state of Andhra Pradesh.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0002012
Branch Kothavalasa
City Vizianagaram
District Kothavalasa
State Andhra Pradesh
Address Vizianagaram Road Kothavalasabeside Kothavalasa Post Office

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Vizianagaram for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002012 for the Kothavalasa branch of Bank Of Maharashtra has an important role.

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 Kothavalasa, Vizianagaram, Andhra Pradesh, is provided a unique IFSC like MAHB0002012 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Bank Of Maharashtra branch in Vizianagaram.
  • 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 Vizianagaram and Kothavalasa.
  • 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 Kothavalasa do not get misguided to another person.

Format of the IFSC Code MAHB0002012

The format of the IFSC Code for banks, including Bank Of Maharashtra, follows 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 Kothavalasa in Vizianagaram.

For example, the IFSC Code MAHB0002012 of Bank Of Maharashtra for the Kothavalasa branch includes these elements, identifying the bank and the branch location in Vizianagaram and Andhra Pradesh accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0002012 of Bank Of Maharashtra for its Kothavalasa branch located in Vizianagaram, 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 Vizianagaram and Kothavalasa, 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 Kothavalasa or Vizianagaram to get the exact IFSC Code MAHB0002012.

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 Vizianagaram, you'll get the correct details.

How to Use IFSC Code MAHB0002012 for Online Transfers?

If you have the IFSC Code MAHB0002012 for the Kothavalasa branch of Bank Of Maharashtra in Vizianagaram, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0002012. 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 MAHB0002012.

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 Kothavalasa in Vizianagaram, it 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 Kothavalasa, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Vizianagaram manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra Kothavalasa Vizianagaram?

The IFSC Code of the Kothavalasa Vizianagaram branch is MAHB0002012.

Is IFSC Code MAHB0002012 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 Kothavalasa branch?

The branch is located at Vizianagaram Road Kothavalasabeside Kothavalasa Post Office.

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.