Bank Of Maharasthra

Bank Of Maharasthra IFSC and MICR Codes


Bank Of Maharasthra

IFSC code, MICR code and Bank Branches in India

Bank Of Maharasthra IFSC Code

To transfer money from one bank account to another bank account through NEFT, RTGS and IMPS, you will require IFSC code. IFSC code is an 11 character code which is unique for every branch. Bank of Maharashtra IFSC code will be available for only those branches which are enabled for electronic fund transfer. The IFSC code for bank of Maharashtra will start from MAHB0*******.
You can find this IFSC code on Paisabazaar’s website easily using our “IFSC code calculator”. “IFSC ode locator” is a part of our “Tools” section. You can go to IFSC code locator and enter details such as bank name, state, city and branch. This will give you the address for that particular branch and the MICR code.

When is IFSC and MICR code needed?
If you buy an insurance or a mutual fund you will need to give your bank details along with the IFSC code to complete the transaction.
MICR code stands for magnetic ink character recognition. It is used by Reserve Bank of India to clear the cheques. MICR is a unique nine digit code. It is helpful in detecting any fraud of any kind.

About Bank Of Maharasthra

It’s a public sector bank with over 81% shareholding with the government. The bank started its operations in February 1936 in Pune. In 1944, the bank attained the status of a scheduled commercial bank. It was nationalized along with 13 other banks in 1969. The bank has a total branch network of 1890 and 1827 ATMs.