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 Kannamwar Gram branch in Wardha, Kannamwargram, Maharashtra, 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 Wardha or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0000870. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Kannamwar Gram, Wardha

The table below shows the main details of the IFSC Code MAHB0000870 for the Bank Of Maharashtra branch in Wardha, which falls under the Kannamwargram district in Maharashtra.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0000870
Branch Kannamwar Gram
City Wardha
District Kannamwargram
State Maharashtra
Address Netram Ramdham Bhawan, Near Bus Stand, Kannamwargram, Teh Karanja, Dist. Wardha

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of Maharashtra in Wardha for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0000870 for the Kannamwar Gram 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of Maharashtra located in Kannamwar Gram, Wardha, Maharashtra, are allotted a unique IFSC like MAHB0000870 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

It makes sure that money sent to Bank Of Maharashtra in Kannamwar Gram reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code MAHB0000870

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 Kannamwar Gram in Wardha.

For example, the IFSC Code MAHB0000870 of Bank Of Maharashtra for the Kannamwar Gram branch includes these elements, identifying the bank and the branch location in Wardha and Maharashtra accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are looking for the IFSC Code MAHB0000870 of Bank Of Maharashtra for its Kannamwar Gram branch located in Wardha, 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 Wardha and Kannamwargram, 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 Kannamwar Gram or Wardha to get the exact IFSC Code MAHB0000870.

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 Wardha, then it will provide you proper information.

How to Use IFSC Code MAHB0000870 for Online Transfers?

Once you have the IFSC Code MAHB0000870 for the Kannamwar Gram branch of Bank Of Maharashtra in Wardha, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0000870. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0000870.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Bank Of Maharashtra Kannamwar Gram in Wardha, it can 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 Kannamwar Gram, 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 Wardha to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Kannamwar Gram, Wardha?

The IFSC Code is MAHB0000870.

Is the IFSC Code MAHB0000870 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 Kannamwar Gram?

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 Kannamwar Gram branch?

The address of the branch is Netram Ramdham Bhawan, Near Bus Stand, Kannamwargram, Teh Karanja, Dist. Wardha located in Wardha, Kannamwargram, Maharashtra.

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.