Bank of Maharashtra, PLANNING AND DEVELOPMENT, PUNE Branch IFSC Code

The IFSC code MAHB0009031 is assigned to Bank of Maharashtra, PLANNING AND DEVELOPMENT located in PUNE, MAHARASHTRA. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

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Bank Details

Bank Name Bank of Maharashtra
IFSC Code MAHB0009031
Branch Code 009031
Branch PLANNING AND DEVELOPMENT
City PUNE
District PUNE
State MAHARASHTRA
Address LOKMANGAL, 1501, SHIVAJINAGAR, PUNE-411005 Maps
Contact +912025614307

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

MAHB Bank Code
0 Reserved (0)
009031 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code MAHB0009031 is the Indian Financial System Code assigned to Bank of Maharashtra, PLANNING AND DEVELOPMENT branch in PUNE, MAHARASHTRA. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in PUNE, PUNE, MAHARASHTRA. The full address is: LOKMANGAL, 1501, SHIVAJINAGAR, PUNE-411005

The branch code is 009031. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Bank of Maharashtra.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: MAHB0009031
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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