IFSC Code, MICR Codes for BANK OF MAHARASHTRA in MAHARASHTRA - SATARA - KOREGAON - KOREGAON SHG

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


IFSC Code

MAHB0001563

MICR Code

415014097

Branch

KOREGAON SHG

Contact

220253

Address

GOVIND LAXMI NAGAR PLOT 50/2883 KOREGAON - 415501

City

KOREGAON

District

SATARA

State

MAHARASHTRA





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

MAHB0001563

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.