State wise list of Bank of Maharashtra IFSC code, MICR code and addresses of all branches in India
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Bank of Maharashtra provide their customers with NEFT and RTGS facilities which allow them to transfer funds to other bank accounts easily and safely. The process of transferring funds using these platforms involves mentioning the IFSC code of the receiver’s bank. This IFSC code or Indian Financial System Code is an alphanumeric code with 11 characters that is specific for each branch of each bank. The first four characters of the 11 are alphabets which denote the bank’s name. For Bank of Maharashtra, this would be MAHB. The fifth character of the IFSC will be a zero. The last six characters denotes the branch and are usually numeric.
The IFSC and MICR codes of the bank can be found on the official website of the Bank of Maharashtra. It can also be found on the leaflets of their cheque books.
You can also find this information on other websites which show the information of all the banks in India at one shot for free. Websites like BankBazaar is an example of such a site which provide both the IFSC and MICR codes of all banks in one place.
It is a simple task to use BankBazaar to find this information:
It is a hassle-free, simple process to transfer money using the Bank of Maharashtra NEFT and RTGS services. Look no further for a secure and reliable way to transfer funds from one bank account to another.
National Electronic Funds Transfer (NEFT):
The NEFT facility can be used by all the customers to make fund transfers from one bank to another at any of the Bank of Maharashtra branches. Internet Banking Customers of Bank of Maharashtra can also use the NEFT funds transfer facility. You can avail the service on weekdays between 9 am and 7 pm. On Saturdays the service is available between 9 am and 1 pm. You will be charged a small fee to use the NEFT service. NEFT service is permitted only for Customer transactions, while RTGS permits both Customer and Inter-Bank transactions.
You will need the following information to use NEFT service at the Bank of Maharashtra:
Following are the Service Charges on NEFT transactions are revised as under w.e.f. 01.09.2013
NEFT transaction |
Revised Charges per Transaction w.e.f. 01.09.2013 (excluding service tax) |
Upto 1 Lakh |
Nil |
Above 1 Lakh to 2 Lakh |
Rs. 15/- |
Above 2 Lakh |
Rs. 25/- |
Inward transactions will not be charged.
Real Time Gross Settlement System (RTGS):
The RTGS service is the fastest method to transfer money. You can expect the processing to begin as soon as your request reaches the bank. You will be charged a small fee for this service.
For Customer Transactions, the RTGS service is available on weekdays between 9.00 AM and 4.30 PM for settlement at RBI. On Saturdays, the service is available between 9.00 AM and 1.30 PM for settlement at RBI. For Inter-Bank Transactions, the RTGS service is available on weekdays between 9.00 AM and 6 PM for settlement at RBI. On Saturdays, the service is available between 9.00 AM and 3 PM for settlement at RBI.
You will need the following information to use RTGS service at the Bank of Maharashtra:
The following are the charges for availing the RTGS service (for outward transactions) at Bank of Maharashtra:
RTGS Transaction |
Time band |
Charges per transaction w.e.f. 01/09/2013 (exclusive of service tax) |
Less than 2 Lakh |
- |
Not Applicable ( Minimum threshold is Rs. 2 Lakh) |
2 Lakh to 5 Lakh |
09.00 hrs to 12.00 hrs |
Rs. 25/- |
After 12.00 hrs to 15.30 hrs |
Rs. 26/- |
|
After 15.30 hrs to 17.30 hrs |
Rs. 30/- |
|
After 17.30 hrs |
Rs. 30/- |
|
Above 5 Lakh |
09.00 hrs to 12.00 hrs |
50/- |
After 12.00 hrs to 15.30 hrs |
51/- |
|
After 15.30 hrs to 17.30 hrs |
55/- |
|
After 17.30 hrs |
55/- |
Inward transactions will not be charged.
Founded in 1935 by a group of visionaries led by the late D. K. Sathe and the late V. G. Kale, Bank of Maharashtra has flourished into one of the largest public sector banks in India today. The bank's headquarter is located in Pune and it has over 1868 branches around the country which serves over 15 million customers. The government of India holds 81.61% of the total shares of the bank.
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