Below are the complete branch details for Bank of Maharashtra, SARASWATI BHUVAN COLONY BRANCH branch, located in CHHATRAPATI SAMBHAJINAGAR, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is MAHB0001259. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case MAHB0001259 for Bank of Maharashtra – SARASWATI BHUVAN COLONY BRANCH — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 SARASWATI BHUVAN COLONY BRANCH branch, the IFSC MAHB0001259 breaks down as follows: MAHB identifies the bank, 0 is the reserved character, and 001259 identifies this particular branch.
About Bank of Maharashtra
Bank of Maharashtra operates a wide network of branches across India, including the Saraswati Bhuvan Colony Branch branch in Chhatrapati Sambhajinagar. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, MAHB0001259.
About the Saraswati Bhuvan Colony Branch branch
The Saraswati Bhuvan Colony Branch branch of Bank of Maharashtra is situated at SARASWATI BHUVAN ECOLONY, , NEXT TO SB COLLEGE BUS STOP, CHHATRAPATI SAMBHAJINAGAR, 431001. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code MAHB0001259 is used.
Branch details at a glance
| Bank Name | Bank of Maharashtra |
|---|---|
| Branch | Saraswati Bhuvan Colony Branch |
| IFSC Code | MAHB0001259 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SARASWATI BHUVAN ECOLONY, , NEXT TO SB COLLEGE BUS STOP, CHHATRAPATI SAMBHAJINAGAR, 431001 |
| City | Chhatrapati Sambhajinagar |
| District | Chhatrapati Sambhajinagar |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 7507311259 |
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 SARASWATI BHUVAN COLONY BRANCH branch came to be assigned the code MAHB0001259.
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 MAHB0001259, money simply cannot be routed to the SARASWATI BHUVAN COLONY BRANCH branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Bank of Maharashtra carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC MAHB0001259 and the account number together uniquely identify the Saraswati Bhuvan Colony Branch branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC MAHB0001259
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 MAHB0001259 across all three.
How to use IFSC MAHB0001259 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of Maharashtra's SARASWATI BHUVAN COLONY BRANCH branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC MAHB0001259.
- Confirm the bank name auto-populates as Bank of Maharashtra and the branch as SARASWATI BHUVAN COLONY BRANCH.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to SARASWATI BHUVAN COLONY BRANCH
If you need to transfer ₹2 lakh or more in one go to an account at Bank of Maharashtra's SARASWATI BHUVAN COLONY BRANCH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHB0001259 while initiating the transfer and the credit will appear within minutes.
IMPS to Bank of Maharashtra SARASWATI BHUVAN COLONY BRANCH (IFSC MAHB0001259)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MAHB0001259 in your mobile or internet banking app, and the money is credited to the SARASWATI BHUVAN COLONY BRANCH branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC MAHB0001259 for Bank of Maharashtra – SARASWATI BHUVAN COLONY BRANCH, 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 – MAHB0001259 | Yes – MAHB0001259 | Yes – MAHB0001259 |
For most retail customers crediting the Saraswati Bhuvan Colony Branch 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 MAHB0001259
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 – SARASWATI BHUVAN COLONY BRANCH is still mapped to IFSC MAHB0001259. 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 MAHB0001259 and the beneficiary's account number to complete the transfer.
Account types you can open at the Saraswati Bhuvan Colony Branch branch
Once you have an account at Bank of Maharashtra – SARASWATI BHUVAN COLONY BRANCH, the IFSC MAHB0001259 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 Saraswati Bhuvan Colony Branch 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 MAHB0001259
Online banking and IFSC MAHB0001259
Bank of Maharashtra customers can register for net banking and the bank's official mobile app once their account at the SARASWATI BHUVAN COLONY BRANCH 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 MAHB0001259 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.
Reaching the branch
The Saraswati Bhuvan Colony Branch branch sits at SARASWATI BHUVAN ECOLONY, , NEXT TO SB COLLEGE BUS STOP, CHHATRAPATI SAMBHAJINAGAR, 431001. If you are travelling from outside Chhatrapati Sambhajinagar, search for the branch on a maps application using the bank name and locality, or call 91-7507311259 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC MAHB0001259 and your account number.
Common mistakes to avoid when using IFSC MAHB0001259
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 – SARASWATI BHUVAN COLONY BRANCH, 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:
MAHB0001259. - 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.
Working hours
Branch counters at Saraswati Bhuvan Colony Branch are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to MAHB0001259 continue to work without interruption.
Verifying IFSC MAHB0001259 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 MAHB0001259 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-7507311259.
- Visiting the bank's official branch locator page.
Branch address & contact
Bank of MaharashtraSaraswati Bhuvan Colony Branch Branch
SARASWATI BHUVAN ECOLONY, , NEXT TO SB COLLEGE BUS STOP, CHHATRAPATI SAMBHAJINAGAR, 431001
Chhatrapati Sambhajinagar, Maharashtra
Phone: 91-7507311259
IFSC: MAHB0001259
Frequently asked questions
What is the IFSC code of Bank of Maharashtra Saraswati Bhuvan Colony Branch branch?
The IFSC code of Bank of Maharashtra, Saraswati Bhuvan Colony Branch branch is MAHB0001259. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC MAHB0001259 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHB0001259 to send funds instantly.
Is IFSC MAHB0001259 valid for NEFT and RTGS?
Yes. IFSC MAHB0001259 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Saraswati Bhuvan Colony Branch branch but serve different purposes.
What is the phone number of Bank of Maharashtra Saraswati Bhuvan Colony Branch branch?
You can reach the branch at 91-7507311259 during regular banking hours.
How quickly will an NEFT transfer using MAHB0001259 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of Maharashtra – Saraswati Bhuvan Colony Branch reflect within 30 minutes.
Does Bank of Maharashtra Saraswati Bhuvan Colony Branch branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-7507311259 to confirm.
Summary
The IFSC code MAHB0001259 belongs to Bank of Maharashtra's SARASWATI BHUVAN COLONY BRANCH branch, located at SARASWATI BHUVAN ECOLONY, , NEXT TO SB COLLEGE BUS STOP, CHHATRAPATI… in CHHATRAPATI SAMBHAJINAGAR, MAHARASHTRA. 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.
