Bank of Maharashtra IFSC Code: A Comprehensive Guide for 2025

Finding the correct Bank of Maharashtra IFSC code is crucial for making fast, secure, and error-free transactions, especially as digital payments dominate India’s financial landscape in 2025. Whether you are shopping on an online marketplace, paying your child’s college fees, or transferring rent, knowing and using the right IFSC code ensures funds reach their destination safely. This guide provides a clear, up-to-date understanding of how IFSC codes work for Bank of Maharashtra, with tips, examples, and practical scenarios for everyday banking.

What is the Bank of Maharashtra IFSC Code?

The Indian Financial System Code (IFSC) is an alphanumeric code assigned to each branch of every Indian bank, including the Bank of Maharashtra. Think of it as a digital address for your bank branch, necessary for routing transactions accurately through RTGS, NEFT, IMPS, and UPI systems.

Why do I need the IFSC code?

• To transfer money online (NEFT, RTGS, IMPS, UPI)
• To receive credit instantly or schedule future payments
• For bill payments, refunds, salary credits, and more
• Whenever you provide account details, e.g., to employers, vendors, government schemes

A correct IFSC code avoids transaction failures, delays, and ensures your money isn’t misplaced.

How is the Bank of Maharashtra IFSC Code Structured?

Every IFSC code has 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: Specify the exact branch

Format Example:
MAHB0000123
Here:

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

Sample Bank of Maharashtra IFSC Codes in 2025

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

How to Find the Correct Bank of Maharashtra IFSC Code in 2025

1. Using Your Chequebook or Passbook

• The IFSC code is printed on the first page of your passbook or cheque leaf.
• Generally, it is above or near the account number and branch address.

2. Online Banking and Mobile Apps

• Log in to the Bank of Maharashtra Net Banking portal or mobile app.
• Go to “Account Details” and look for branch information—the IFSC is displayed there.

3. Bank’s Official Website

• Visit the Bank of Maharashtra Branch Locator.
• Enter your city or branch name—the IFSC pops up instantly.

4. RBI and NPCI Websites

• The Reserve Bank of India and National Payments Corporation of India regularly update lists of bank IFSC codes.
• These platforms provide the most government-authenticated data.

5. Third-Party Financial Service Platforms

• Online marketplaces like Paytm, PhonePe, and Paisabazaar offer bank IFSC finder tools.
• Use only trusted apps/websites to avoid outdated or incorrect data.

Important:

Don’t copy IFSC codes from unofficial sources like random internet forums; always cross-check before sharing or using the code.

How Does IFSC Code Affect Digital Transactions in 2025?

A Closer Look: Why Even a Single Mistake Matters

• Wrong IFSC = Delayed or failed transaction.
• Funds may return after several days or may credit to someone else’s account (rare, but possible).
• Bank staff cannot process many requests if you give an incorrect IFSC—it can result in additional paperwork or branch visits.

Example Scenario:
Ritesh wants to pay his freelance designer. He enters the correct account number but picks the wrong branch’s IFSC code from a hasty Google search. Money bounces back after two days, wasting time for both sides.

What Types of Transactions Need Bank of Maharashtra IFSC Code?

For 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.

For Receiving Money

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

For UPI and Bill Payments

While UPI VPA is gaining popularity, linking or changing your bank account in apps like Google Pay or PhonePe still requires account and IFSC details.

NACH Mandates, ECS, and Auto-Debits

For recurring payments like insurance premiums or SIPs, the IFSC ensures your debits happen from the right branch.

How to Check and Confirm Your Bank of Maharashtra IFSC Code

What if I Don’t Remember the IFSC Code?

Follow these simple steps:

1. Visit your branch’s official page on Bank of Maharashtra website.
2. Use their customer care helpline: Give your branch name and they’ll provide the code.
3. Recheck any old cheque leaf or passbook—it’s always printed.
4. If you are abroad, give a trusted family member your account details and ask them to visit/phone the branch.

Is IFSC the Same for All Branches?

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

If Bank of Maharashtra Shifts or Merges Branches in 2025—Does the IFSC Change?

Yes, during mergers, branch relocations, or reorganisations, banks may update the IFSC. In such cases:

• The bank will notify you via SMS, email, or notice in-branch.
• Update your employers, marketplaces, or government agencies with the new code.

Bank of Maharashtra IFSC Code vs. MICR Code: What’s the Difference?

Many users confuse these two terms, so here’s a simple comparison:

In 2025, focus on IFSC for all digital transactions; use MICR mainly when writing or clearing old-style cheques.

Common Queries About Bank of Maharashtra IFSC in Daily Life

What to Do if a Transaction Fails Due to Wrong IFSC?

• Wait 1-2 working days for funds to be automatically reversed.
• If not, file a complaint via NetBanking, customer care or at your branch.
• For large sums, keep a screenshot or written record of the transaction.

Can I Use an Old IFSC Code After Branch Migration?

No, always use the new IFSC issued after a branch merger, closure, or migration. Online systems won’t credit the funds if the IFSC is obsolete.

How to Safely Share My IFSC Code?

It is safe to share your IFSC code along with account number, but only with trusted parties—like employers, family, or official apps.

Real Experiences: Why Double-Checking IFSC Matters

Personal Story

When Priya moved from Pune to Bangalore, her employer credited her salary to her Pune IFSC for two months, causing unnecessary stress as the salary kept bouncing. After updating HR with her new IFSC, the problem was solved instantly.

Digital Marketplace Example

Many sellers on Flipkart or Amazon need to enter their correct Bank of Maharashtra IFSC in their marketplace profile to receive payments. Using an outdated or incorrect code delays settlements by several days.

Table: Popular Metro City Branches and Their IFSC Codes

Use these for general reference, but confirm with your branch.

Checklist: How to Use the Bank of Maharashtra IFSC Code Safely

1. Verify the beneficiary’s name, account number, and branch address.
2. Always cross-check the IFSC from at least two sources.
3. Do not share your account details on unofficial or suspicious websites.
4. If you’re unsure, call your branch for confirmation.
5. Update your IFSC with employers/marketplace/UPI when you shift branches.

TLDR / Quick Recap

• IFSC code is essential for all online transfers to Bank of Maharashtra accounts.
• Every branch—old or new—has its unique IFSC; using the wrong one delays funds.
• Find IFSC via chequebook, passbook, Bank of Maharashtra website, or secure third-party apps.
• Keep details updated after branch migrations or mergers—which are common in 2025.
• Double-check before any big transaction, especially for business, salary, or online marketplace payouts.

People Also Ask

Q1. Can I transfer money without IFSC code?
No, for NEFT/RTGS/IMPS, IFSC is mandatory. Only UPI handles transactions without it, but linking a bank account initially still needs the IFSC.

Q2. Is it safe to give my IFSC code to someone else?
Yes. The IFSC only identifies your bank branch, but never share passwords or OTPs.

Q3. How do I update my IFSC on Amazon or Flipkart seller profiles?
Log into your account, go to bank details under payment settings, and update the new IFSC after branch change.

Q4. I’ve got two Bank of Maharashtra accounts in different cities—do they have different IFSC codes?
Yes, every branch has a different code. Use the correct IFSC for the account you want credited.

Q5. What if I enter the right IFSC but wrong account number?
Money can be credited to the wrong account, so always double-check both details.

Q6. Does Bank of Maharashtra IFSC code change frequently?
No, unless your branch relocates, merges, or is restructured by the bank. Always update records when notified.

This guide should help you confidently send, receive, and manage funds using the Bank of Maharashtra IFSC code in 2025, whether you’re banking online, using a marketplace, or just handling daily personal finances.