Use this page as a one-stop reference for everything related to Bank of Maharashtra's BANGALORE-SHIVAJINAGAR branch in BENGALURU, KARNATAKA. The branch's IFSC code MAHB0000402 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Bank of Maharashtra's BANGALORE-SHIVAJINAGAR branch, the IFSC MAHB0000402 breaks down as follows: MAHB identifies the bank, 0 is the reserved character, and 000402 identifies this particular branch.
Branch details at a glance
| Bank Name | Bank of Maharashtra |
|---|---|
| Branch | Bangalore-Shivajinagar |
| IFSC Code | MAHB0000402 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SHIVAJINAGAR,BENGALURU 22,LADY CURZON ROAD 560001 |
| City | Bengaluru |
| District | Bengaluru Urban |
| State | Karnataka |
| STD Code | 91 |
| Phone | 8956939457 |
About the bank
Bank of Maharashtra serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Bangalore-Shivajinagar branch in Bengaluru, Karnataka is part of this network and uses the IFSC code MAHB0000402 for all electronic settlement.
Bangalore-Shivajinagar branch overview
Located at SHIVAJINAGAR,BENGALURU 22,LADY CURZON ROAD 560001, the Bangalore-Shivajinagar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MAHB0000402 is required for all interbank electronic transfers routed through this branch.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Bank of Maharashtra's BANGALORE-SHIVAJINAGAR branch came to be assigned the code MAHB0000402.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC MAHB0000402, money simply cannot be routed to the BANGALORE-SHIVAJINAGAR branch electronically.
How to transfer money using IFSC MAHB0000402
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC MAHB0000402 across all three.
NEFT to Bank of Maharashtra, BANGALORE-SHIVAJINAGAR using IFSC MAHB0000402
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC MAHB0000402, and confirm that the system picks up Bank of Maharashtra – BANGALORE-SHIVAJINAGAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to BANGALORE-SHIVAJINAGAR
If you need to transfer ₹2 lakh or more in one go to an account at Bank of Maharashtra's BANGALORE-SHIVAJINAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHB0000402 while initiating the transfer and the credit will appear within minutes.
IMPS to Bank of Maharashtra BANGALORE-SHIVAJINAGAR (IFSC MAHB0000402)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MAHB0000402 in your mobile or internet banking app, and the money is credited to the BANGALORE-SHIVAJINAGAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC MAHB0000402 for Bank of Maharashtra – BANGALORE-SHIVAJINAGAR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – MAHB0000402 | Yes – MAHB0000402 | Yes – MAHB0000402 |
For most retail customers crediting the Bangalore-Shivajinagar branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
UPI payments and IFSC MAHB0000402
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Bank of Maharashtra – BANGALORE-SHIVAJINAGAR is still mapped to IFSC MAHB0000402. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC MAHB0000402 and the beneficiary's account number to complete the transfer.
Account types you can open at the Bangalore-Shivajinagar branch
Once you have an account at Bank of Maharashtra – BANGALORE-SHIVAJINAGAR, the IFSC MAHB0000402 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Products and services
Customers walking into the Bangalore-Shivajinagar branch can access most of Bank of Maharashtra's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC MAHB0000402
MICR & cheque-truncation details
Cheques drawn on the Bangalore-Shivajinagar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MAHB0000402 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC MAHB0000402
Bank of Maharashtra customers can register for net banking and the bank's official mobile app once their account at the BANGALORE-SHIVAJINAGAR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC MAHB0000402 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Common mistakes to avoid when using IFSC MAHB0000402
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Bank of Maharashtra – BANGALORE-SHIVAJINAGAR, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
MAHB0000402. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Bangalore-Shivajinagar branch
The branch is located at SHIVAJINAGAR,BENGALURU 22,LADY CURZON ROAD 560001, which puts it inside Bengaluru, the broader Bengaluru Urban district, and the state of Karnataka. To plan your visit:
- Open Google Maps on your phone and search for “Bank of Maharashtra Bangalore-Shivajinagar branch” — the verified location pin for IFSC MAHB0000402 should appear at the top of the results.
- Confirm the branch is open by calling 91-8956939457 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC MAHB0000402 and your account number.
Verifying IFSC MAHB0000402 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm MAHB0000402 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-8956939457.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Bangalore-Shivajinagar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MAHB0000402, however, work 24x7.
Branch address & contact
Bank of MaharashtraBangalore-Shivajinagar Branch
SHIVAJINAGAR,BENGALURU 22,LADY CURZON ROAD 560001
Bengaluru, Karnataka
Phone: 91-8956939457
IFSC: MAHB0000402
Frequently asked questions
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Bangalore-Shivajinagar branch but serve different purposes.
What is the IFSC code of Bank of Maharashtra Bangalore-Shivajinagar branch?
The IFSC code of Bank of Maharashtra, Bangalore-Shivajinagar branch is MAHB0000402. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC MAHB0000402 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHB0000402 to send funds instantly.
How quickly will an NEFT transfer using MAHB0000402 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of Maharashtra – Bangalore-Shivajinagar reflect within 30 minutes.
What is the phone number of Bank of Maharashtra Bangalore-Shivajinagar branch?
You can reach the branch at 91-8956939457 during regular banking hours.
Where is Bank of Maharashtra Bangalore-Shivajinagar branch located?
Bank of Maharashtra's Bangalore-Shivajinagar branch is located at SHIVAJINAGAR,BENGALURU 22,LADY CURZON ROAD 560001, Bengaluru, Karnataka.
Summary
The IFSC code MAHB0000402 belongs to Bank of Maharashtra's BANGALORE-SHIVAJINAGAR branch, located at SHIVAJINAGAR,BENGALURU 22,LADY CURZON ROAD 560001 in BENGALURU, KARNATAKA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
