ifsc code

IFSC Code and MICR Code Explained

The IFSC code is required for making online banking transactions securely. It helps identify the exact bank branch where the account is held.

IFSC (Indian Financial System Code) is a unique code assigned to each bank branch by the Reserve Bank of India (RBI). It is used for electronic payment systems such as:

  • NEFT (National Electronic Funds Transfer)
  • RTGS (Real-Time Gross Settlement)
  • IMPS (Immediate Payment Service)
  • CFMS (Centralised Funds Management System)

IFSC Code Format

An IFSC code consists of 11 characters:

  • First 4 characters: Represent the bank name
  • 5th character: Always ‘0’ (reserved for future use)
  • Last 6 characters: Identify the specific branch
IFSC ensures secure and accurate online transactions.

MICR Code

The MICR (Magnetic Ink Character Recognition) code is a unique number printed on cheques. It is used by banks to process and verify cheque transactions quickly and accurately.

MICR is mainly used for cheque processing and banking automation.

BANK OF MAHARASHTRA bank in TILAK ROAD, PUNE in PUNE, MAHARASHTRA, - IFSC code

All India Bank Branches Address, IFSC CODE, MICR CODE Details

BANK OF MAHARASHTRA bank in TILAK ROAD, PUNE in PUNE, MAHARASHTRA IFSC Code: Find IFSC, MICR codes, address and all bank branches in India, for NEFT, RTGS, ECS

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Bank BANK OF MAHARASHTRA
IFSC Code
MAHB0000041
MICR Code
411014055
Address S P COLLEGE GROUND, TILAK ROAD, PUNE 411030
State MAHARASHTRA
District PUNE
Branch TILAK ROAD, PUNE

Google Map: S P COLLEGE GROUND, TILAK ROAD, PUNE 411030

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