Latest details of Ifsc: Mahb0002565
BANK OF MAHARASHTRA
Branch name : SIMDEGA
Contact Information
Address: NAWARANGI MARKET COMPLEX, NEAR POLICE LINE, SIMDEGA, DISTRICT-SIMDEGA, JHARKHAND-835225
Contact number: 7360020173
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.
