IFSC Code, MICR Codes for BANK OF MAHARASHTRA in ANDHRA PRADESH - PRAKASAM - ONGOLE - ONGOLE

BANK OF MAHARASHTRA RTGS HO Branch in ONGOLE - Address, IFSC, MICR Code


IFSC Code

MAHB0001527

MICR Code

523014002

Branch

ONGOLE

Contact

2281959

Address

G 12 EISHWARYA APARTMENTS DOOR NO 24-1-20M OPP DISTRICT COURT ONGOLE - 523001

City

ONGOLE

District

PRAKASAM

State

ANDHRA PRADESH





What is IFSC Code of BANK OF MAHARASHTRA situated at ONGOLE- RTGS-HO?
IFSC Code of BANK OF MAHARASHTRA situated at ONGOLE - RTGS-HO is

MAHB0001527

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.