Last updated on: August 6, 2025

Bank of Maharashtra IFSC Code: An Overview in 2025

The importance of locating the right Bank of Maharashtra IFSC code is to conduct swift, safe, and accurate transactions, particularly in the context of the dominance of digital payments in the Indian financial market in 2025. Be it purchasing a product in an online marketplace, settling college fees of your child or paying rent, the appropriate IFSC code will help you make sure that money is transferred safely and reaches its destination. This guide gives a concise, current idea of how IFSC codes operate in the case of Bank of Maharashtra, including tips, examples, and practical situations in daily banking.

What is the IFSC Code of Bank of Maharashtra?

The Indian Financial System Code (IFSC) is an alphanumeric code assigned to each branch of every Indian bank, including the Bank of Maharashtra. It is like a digital location of your bank branch, which is required to route transactions correctly via RTGS, NEFT, IMPS, and UPI systems.

Why should I have the IFSC code?

• To transfer money online (NEFT, RTGS, IMPS, UPI)
• To get a credit immediately or to make payments in the future
• To pay bills, get refunds, credit salaries, etc.
• Whenever you give account information, e.g. to employers, vendors, government schemes

The right IFSC code prevents transaction failures, delays, and your money does not end up in the wrong place.

What is the Structure of the Bank of Maharashtra IFSC Code?

All IFSC codes consist of 11 characters:

• First 4 characters: Identify the bank (For Bank of Maharashtra, always MAHB)
• 5th character: Is always zero (0)—reserved for future use
• Last 6 characters: Enter the specific branch

Format Example:
MAHB0000123

Here:

• MAHB = Bank of Maharashtra
• 0 = Reserved
• 000123 = The branch code

Examples of Bank of Maharashtra IFSC Codes in 2025

(Always verify the IFSC code for your specific branch before making a high-value transaction.)

The Way to Obtain the Right Bank of Maharashtra IFSC Code in 2025

1. With Your Chequebook or Passbook
   The IFSC code is printed on the front page of your passbook or cheque leaf.
   Usually, it is above or close to the account number and branch address.

2. Mobile Apps and Internet Banking
   Open the Bank of Maharashtra Net Banking portal or mobile application.
   Click on Account Details and search branch details- the IFSC is shown there.

3. Official Website of Bank
   Go to the Bank of Maharashtra Branch Locator.
   Type your city or branch name- the IFSC appears immediately.

4. RBI and NPCI Web sites
   Lists of bank IFSC codes are updated regularly by the Reserve Bank of India and National Payments Corporation of India.
   Such sites offer the most government-verified information.

5. Financial Service Platforms by Third Parties
   Bank IFSC finder tools are available on online marketplaces such as Paytm, PhonePe, and Paisabazaar.
   To prevent outdated or wrong data, use only trusted apps/websites.

Important:
Never copy IFSC codes found on unofficial sites such as random internet forums; always cross-check and then share or use the code.

What Is the Impact of IFSC Code on Digital Transactions in 2025?

A Closer Look: Why One Mistake is Enough

• Incorrect IFSC = Transaction delayed or not executed.
• Funds may return after several days or may credit to someone else’s account (rare, but possible).
• When you provide a wrong IFSC, bank staff will not be able to process many requests, it can lead to extra paperwork or visiting the branch.

Example Scenario:
Ritesh is willing to compensate his freelance designer. He enters the right account number but chooses the IFSC code of the wrong branch in a rushed Google search. After two days, money returns, which is a waste of time.

Which Kinds of Transactions Require Bank of Maharashtra IFSC Code?

In Sending Money

• RTGS (Real-Time Gross Settlement): For amounts above Rs. 2 lakh, business payments, urgent government dues.
• NEFT (National Electronic Funds Transfer): For most everyday transfers, from Rs. 1 to several lakhs.
• IMPS (Immediate Payment Service): 24x7 instant transfer, great for emergencies or last-minute payments.

In the case of Receiving Money

• On salary, scholarship credits, online marketplace refunds, vendor payments.
• Direct Benefit Transfers (DBT) from government schemes also rely on correct IFSC.

In the case of UPI and Bill Payments

Although UPI VPA is becoming popular, to add or switch your bank account in apps such as Google Pay or PhonePe, you still need account and IFSC details.

NACH Mandates, ECS and Auto-Debits

In the case of recurring payments such as insurance premiums or SIPs, the IFSC will make sure that your debits are made through the correct branch.

Checking and Confirming Your Bank of Maharashtra IFSC Code

It is easy to follow these steps:

• Go to the official page of your branch on Bank of Maharashtra web site.
• Call their customer care helpline: Tell them your branch name and they will give you the code.
• Check again an old cheque leaf or passbook-it is always printed.
• When you are in a foreign country, provide an account number to a trusted family member and request them to visit/call the branch.

Does all the Branches have the Same IFSC?

No. Each of the bank branches has its own code. If you’ve shifted cities or changed branches, always update recipients about the new IFSC to avoid payment delays.

What happens to the IFSC in case of a Shift or Merger of Branches by Bank of Maharashtra in 2025?

Yes, when there is a merger, branch relocation or reorganisation, banks can change the IFSC. When this is the case:

• The bank will inform you through SMS, email or in-branch notice.
• Inform your employers, market places, or government agencies about the new code.

The Difference between Bank of Maharashtra IFSC Code and MICR Code?

These two terms are often confused by many users, and here is a simple comparison:

By 2025, all digital transactions should be concentrated on IFSC; MICR should be used primarily when writing or clearing old-style cheques.

Frequently Asked Questions About Bank of Maharashtra IFSC in Our Life

What to do when the transaction fails because of the wrong IFSC?
Wait 1-2 working days to have funds automatically reversed.
Otherwise, complain through NetBanking, customer care or your branch.
In case of big amounts, make a screenshot or a written note of the transaction.

Will an Old IFSC Code Work After Branch Migration?
No, use the new IFSC issued following a branch merger, closure or migration. The funds will not be credited in online systems when the IFSC is obsolete.

What is the Best Way to Share My IFSC Code?
You can safely share your IFSC code and account number, but only with trusted persons or organizations such as employers, family, or official applications.

Real Experiences: Why it is important to check IFSC twice

Personal Story

When Priya relocated to Bangalore, her employer transferred the salary to her Pune IFSC, and she had to wait two months to receive the salary, which kept bouncing back unnecessarily. The issue was immediately resolved after she updated her new IFSC with HR.

The example of Digital Marketplace

Most sellers on Flipkart or Amazon must provide their proper Bank of Maharashtra IFSC in their marketplace profile to get payments. Settlements are delayed by a number of days when using an old or wrong code.

Table: The Most Popular Metro City Branches and Their IFSC Codes

These are only to be used as a general guide, check with your branch.

Checklist: The Safe Use of the Bank of Maharashtra IFSC Code

• Check the name of the beneficiary, account number, and branch address.
• The IFSC should always be verified by at least two sources.
• Do not post your account information on unofficial or suspect sites.
• If you’re unsure, call your branch for confirmation.
• When you change branches, update your IFSC with employers/marketplace/UPI.

TLDR / Short Summary

• All online transfers to the accounts of Bank of Maharashtra require IFSC code.
• Each branch, whether new or old, has its own IFSC; incorrect one will hold up the money.
• Locate IFSC through chequebook, passbook, Bank of Maharashtra web, or safe third-party applications.
• Maintain information when branches migrate or merge together, which is prevalent in 2025.
• Check twice before any large transaction, particularly business, salary or online marketplace payments.

People Also Ask

Q1. Is it possible to transfer money without IFSC code?
No, in case of NEFT/RTGS/IMPS, IFSC is compulsory. Only UPI does not require it, but it is still necessary to connect a bank account at the first stage using the IFSC.

Q2. Can I share my IFSC code with another person?
Yes. The IFSC will only tell your bank branch, never give passwords or OTPs.

Q3. How do I change my IFSC on Amazon or Flipkart seller accounts?
Enter your account, in payment settings, select bank details and update the new IFSC after changing the branch.

Q4. I have 2 Bank of Maharashtra accounts in two different cities- are their IFSC codes different?
Yes, there is a different code in each branch. Enter the proper IFSC of the account you wish to be credited.

Q5. What happens when I key in the correct IFSC and incorrect account number?
There is a possibility of money being credited to the wrong account hence it is important to double check both details.

Q6. Is Bank of Maharashtra IFSC code subject to frequent changes?
No, unless your branch is moved, merged or restructured by the bank. Always keep records up to date.

This guide is expected to assist you in sending, receiving, and managing funds with the Bank of Maharashtra IFSC code in 2025, whether you are banking online, through a marketplace, or simply dealing with your personal finances.