IFSC Code, MICR Codes for BANK OF MAHARASHTRA in MADHYA PRADESH - CHHINDWARA - PARASIA - PARASIA

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


IFSC Code

MAHB0000606

MICR Code

480014003

Branch

PARASIA

Contact

220191

Address

OPPOSITE LIC OFFICE PARASIA DIST. CHINDWARA

City

PARASIA

District

CHHINDWARA

State

MADHYA PRADESH





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

MAHB0000606

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.