IFSC Code of Bank of Maharashtra, Housing Finance Branch Indore Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to Bank of Maharashtra's HOUSING FINANCE BRANCH INDORE branch in INDORE, MADHYA PRADESH. The branch's IFSC code MAHB0002426 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.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Bank of Maharashtra – HOUSING FINANCE BRANCH INDORE is MAHB0002426. The first four letters MAHB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002426 map to this branch in INDORE, MADHYA PRADESH.

About the bank

Bank of Maharashtra serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Housing Finance Branch Indore branch in Indore, Madhya Pradesh is part of this network and uses the IFSC code MAHB0002426 for all electronic settlement.

Branch details at a glance

Housing Finance Branch Indore branch overview

Located at 266, SAI KRIPA COLONY, NEAR MAHALAXMI NAGAR, MAIN ROAD, INDORE, DIST. - INDORE, MADHYA PRADESH - 452010, the Housing Finance Branch Indore branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MAHB0002426 is required for all interbank electronic transfers routed through this branch.

Why every Bank of Maharashtra branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including HOUSING FINANCE BRANCH INDORE of Bank of Maharashtra — its own 11-character IFSC. The code MAHB0002426 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC MAHB0002426 the same way you would treat your account number — verify it once and save it carefully for future use.

Account types you can open at the Housing Finance Branch Indore branch

Once you have an account at Bank of Maharashtra – HOUSING FINANCE BRANCH INDORE, the IFSC MAHB0002426 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.

Banking services available

The Housing Finance Branch Indore branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-8516971777.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC MAHB0002426

How to transfer money using IFSC MAHB0002426

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 MAHB0002426 across all three.

NEFT to Bank of Maharashtra, HOUSING FINANCE BRANCH INDORE using IFSC MAHB0002426

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 MAHB0002426, and confirm that the system picks up Bank of Maharashtra – HOUSING FINANCE BRANCH INDORE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to HOUSING FINANCE BRANCH INDORE

If you need to transfer ₹2 lakh or more in one go to an account at Bank of Maharashtra's HOUSING FINANCE BRANCH INDORE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHB0002426 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Bank of Maharashtra – HOUSING FINANCE BRANCH INDORE, use IMPS. With IFSC MAHB0002426 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Housing Finance Branch Indore

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC MAHB0002426:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at HOUSING FINANCE BRANCH INDORE is still linked to IFSC MAHB0002426.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC MAHB0002426

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 – HOUSING FINANCE BRANCH INDORE is still mapped to IFSC MAHB0002426. 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 MAHB0002426 and the beneficiary's account number to complete the transfer.

Digital banking channels

Most day-to-day work that customers used to do at the Housing Finance Branch Indore branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC MAHB0002426 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

MICR & cheque-truncation details

Cheques drawn on the Housing Finance Branch Indore branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MAHB0002426 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

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 – HOUSING FINANCE BRANCH INDORE:

• The IFSC is exactly MAHB0002426 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 HOUSING FINANCE BRANCH INDORE 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.

How to reach the Housing Finance Branch Indore branch

The branch is located at 266, SAI KRIPA COLONY, NEAR MAHALAXMI NAGAR, MAIN ROAD, INDORE, DIST. - INDORE, MADHYA PRADESH - 452010, which puts it inside Indore, the broader Indore district, and the state of Madhya Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “Bank of Maharashtra Housing Finance Branch Indore branch” — the verified location pin for IFSC MAHB0002426 should appear at the top of the results.
2. Confirm the branch is open by calling 91-8516971777 before stepping out, especially around public holidays.
3. 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 MAHB0002426 and your account number.

Verifying IFSC MAHB0002426 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 MAHB0002426 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 91-8516971777.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Housing Finance Branch Indore 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 MAHB0002426 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: MAHB0002426 is the IFSC code of Bank of Maharashtra, HOUSING FINANCE BRANCH INDORE branch, in INDORE, MADHYA PRADESH. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.