If you are searching for the IFSC code of Bank of Maharashtra, CHIMANGAON branch in CHIMANGAON, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is MAHB0000862. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the CHIMANGAON branch, and detailed step-by-step guides for using the IFSC MAHB0000862 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, MAHB0000862 is the IFSC of Bank of Maharashtra's CHIMANGAON branch. The format is fixed: MAHB = bank code, 0 = reserved, 000862 = branch identifier.
Bank profile
Bank of Maharashtra is among the recognised banks listed on the Reserve Bank of India's payments network. The Chimangaon branch — IFSC MAHB0000862 — extends the bank's services to customers in and around Chimangaon, Maharashtra.
Branch details at a glance
| Bank Name | Bank of Maharashtra |
|---|---|
| Branch | Chimangaon |
| IFSC Code | MAHB0000862 |
| MICR Code | Refer to cheque leaf |
| Branch Address | K.V. TAMBES BLDG, 34, CHIMANGAON, TEH KOREGAON |
| City | Chimangaon |
| District | Satara |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 9028087051 |
About the Chimangaon branch
The Chimangaon branch of Bank of Maharashtra is situated at K.V. TAMBES BLDG, 34, CHIMANGAON, TEH KOREGAON. 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 MAHB0000862 is used.
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 CHIMANGAON branch came to be assigned the code MAHB0000862.
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 MAHB0000862, money simply cannot be routed to the CHIMANGAON branch electronically.
Products and account variants supported
Every account opened at the Chimangaon branch is mapped to IFSC MAHB0000862 on the RBI payments network. The branch generally supports the full retail product catalogue of Bank of Maharashtra, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains MAHB0000862.
Products and services
Customers walking into the Chimangaon 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 MAHB0000862
How to transfer money using IFSC MAHB0000862
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 MAHB0000862 across all three.
NEFT to Bank of Maharashtra, CHIMANGAON using IFSC MAHB0000862
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 MAHB0000862, and confirm that the system picks up Bank of Maharashtra – CHIMANGAON. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to CHIMANGAON
If you need to transfer ₹2 lakh or more in one go to an account at Bank of Maharashtra's CHIMANGAON branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHB0000862 while initiating the transfer and the credit will appear within minutes.
IMPS to Bank of Maharashtra CHIMANGAON (IFSC MAHB0000862)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MAHB0000862 in your mobile or internet banking app, and the money is credited to the CHIMANGAON branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC MAHB0000862 for Bank of Maharashtra – CHIMANGAON, 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 – MAHB0000862 | Yes – MAHB0000862 | Yes – MAHB0000862 |
For most retail customers crediting the Chimangaon 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 MAHB0000862
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 – CHIMANGAON is still mapped to IFSC MAHB0000862. 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 MAHB0000862 and the beneficiary's account number to complete the transfer.
Online banking and IFSC MAHB0000862
Bank of Maharashtra customers can register for net banking and the bank's official mobile app once their account at the CHIMANGAON 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 MAHB0000862 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.
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 MAHB0000862 and the account number together uniquely identify the Chimangaon branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Bank of Maharashtra – CHIMANGAON:
- The IFSC is exactly MAHB0000862 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Bank of Maharashtra as the bank name and CHIMANGAON as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Reaching the branch
The Chimangaon branch sits at K.V. TAMBES BLDG, 34, CHIMANGAON, TEH KOREGAON. If you are travelling from outside Chimangaon, search for the branch on a maps application using the bank name and locality, or call 91-9028087051 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 MAHB0000862 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC MAHB0000862 for Bank of Maharashtra – CHIMANGAON, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Working hours
Branch counters at Chimangaon 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 MAHB0000862 continue to work without interruption.
Branch address & contact
Bank of MaharashtraChimangaon Branch
K.V. TAMBES BLDG, 34, CHIMANGAON, TEH KOREGAON
Chimangaon, Maharashtra
Phone: 91-9028087051
IFSC: MAHB0000862
Frequently asked questions
Does Bank of Maharashtra Chimangaon branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9028087051 to confirm.
What is the phone number of Bank of Maharashtra Chimangaon branch?
You can reach the branch at 91-9028087051 during regular banking hours.
What is the IFSC code of Bank of Maharashtra Chimangaon branch?
The IFSC code of Bank of Maharashtra, Chimangaon branch is MAHB0000862. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using MAHB0000862 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of Maharashtra – Chimangaon reflect within 30 minutes.
How do I add Bank of Maharashtra Chimangaon as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MAHB0000862, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC MAHB0000862 valid for NEFT and RTGS?
Yes. IFSC MAHB0000862 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC MAHB0000862 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHB0000862 to send funds instantly.
Summary
The IFSC code MAHB0000862 belongs to Bank of Maharashtra's CHIMANGAON branch, located at K.V. TAMBES BLDG, 34, CHIMANGAON, TEH KOREGAON in CHIMANGAON, 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.
