Latest details of Ifsc: Mahb0002483
BANK OF MAHARASHTRA
Branch name : BASMAT
Contact Information
Address: NPH NO A/2152, PLOT NO 2, GAT NO 180/1/A, MANGALWAR BAZAR CHOWK, NEW DOCTOR LANE, BASMAT, DIST-HINGOLI, MAHARASHTRA-431512
Contact number: 9175057300
Bank Details
IFSC code can be used for RTGS, IMPS and NEFT transactions
Last six characters of IFSC Code make a Branch code.
IFSC Code
Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:
- • First 4 characters: Bank identifier
- • 5th character: Reserved (0)
- • Last 6 characters: Branch code
MICR Code
MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.
These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.
