IFSC Code of Bank Of Maharashtra, Digras, Digras, Maharashtra- MAHB0000122

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of Maharashtra for its Digras branch in Yavatmal, Digras, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of Maharashtra located in Yavatmal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHB0000122. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of Maharashtra, Digras, Yavatmal

Here are some of the key details that come with the IFSC Code MAHB0000122 of Bank Of Maharashtra for its branch located in Yavatmal, within the district of Digras in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Bank Of Maharashtra in Yavatmal for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHB0000122 for the Digras 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 MAHB0000122 is given to every bank branch, including Bank Of Maharashtra located in Digras, Yavatmal, 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 Yavatmal.
• 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 Yavatmal and Digras.
• 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 Digras doesn't end up at another location.

Format of the IFSC Code MAHB0000122

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 Digras in Yavatmal.

For example, the IFSC Code MAHB0000122 of Bank Of Maharashtra for the Digras branch includes these elements, identifying the bank and the branch location in Yavatmal and Maharashtra correctly.

How to Find IFSC Code for Bank Of Maharashtra?

To find the IFSC Code MAHB0000122 of Bank Of Maharashtra for its Digras branch located in Yavatmal, the following methods can help you out:

Cheque Book

The cheque book issued by Bank Of Maharashtra includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Bank Of Maharashtra branches in Yavatmal and Digras, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Bank Of Maharashtra and go to the branch locator section. Then search for Digras or Yavatmal to find the exact IFSC Code MAHB0000122.

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 maintains an updated database of all IFSC codes. Searching for Bank Of Maharashtra and Yavatmal will provide accurate information.

How to Use IFSC Code MAHB0000122 for Online Transfers?

If you have the IFSC Code MAHB0000122 for the Digras branch of Bank Of Maharashtra in Yavatmal, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0000122. 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 MAHB0000122.

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 Digras in Yavatmal, 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 Digras, 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 Yavatmal manage their online transfers and cheque clearances easily.