Use this page as a one-stop reference for everything related to Bank of Maharashtra's KOLAK branch in KOLAK, GUJARAT. The branch's IFSC code MAHB0000531 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.
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, MAHB0000531 is the IFSC of Bank of Maharashtra's KOLAK branch. The format is fixed: MAHB = bank code, 0 = reserved, 000531 = branch identifier.
About Bank of Maharashtra
Bank of Maharashtra operates a wide network of branches across India, including the Kolak branch in Kolak. 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, MAHB0000531.
About the Kolak branch
The Kolak branch of Bank of Maharashtra is situated at NEAR KOLAK GRAM PANCHAYATTAL-PARDI, KOLAK. 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 MAHB0000531 is used.
Branch details at a glance
| Bank Name | Bank of Maharashtra |
|---|---|
| Branch | Kolak |
| IFSC Code | MAHB0000531 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NEAR KOLAK GRAM PANCHAYATTAL-PARDI, KOLAK |
| City | Kolak |
| District | Valsad |
| State | Gujarat |
| STD Code | 91 |
| Phone | 6352617323 |
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 KOLAK branch came to be assigned the code MAHB0000531.
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 MAHB0000531, money simply cannot be routed to the KOLAK 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 MAHB0000531 and the account number together uniquely identify the Kolak branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC MAHB0000531
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 MAHB0000531 across all three.
How to use IFSC MAHB0000531 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of Maharashtra's KOLAK 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 MAHB0000531.
- Confirm the bank name auto-populates as Bank of Maharashtra and the branch as KOLAK.
- 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 KOLAK
If you need to transfer ₹2 lakh or more in one go to an account at Bank of Maharashtra's KOLAK branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHB0000531 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 – KOLAK, use IMPS. With IFSC MAHB0000531 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC MAHB0000531 for Bank of Maharashtra – KOLAK, 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 – MAHB0000531 | Yes – MAHB0000531 | Yes – MAHB0000531 |
For most retail customers crediting the Kolak 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.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Bank of Maharashtra's KOLAK branch, the IFSC MAHB0000531 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Account types you can open at the Kolak branch
Once you have an account at Bank of Maharashtra – KOLAK, the IFSC MAHB0000531 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 Kolak 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 MAHB0000531
Digital banking channels
Most day-to-day work that customers used to do at the Kolak 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 MAHB0000531 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.
Reaching the branch
The Kolak branch sits at NEAR KOLAK GRAM PANCHAYATTAL-PARDI, KOLAK. If you are travelling from outside Kolak, search for the branch on a maps application using the bank name and locality, or call 91-6352617323 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 MAHB0000531 and your account number.
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 – KOLAK:
- The IFSC is exactly MAHB0000531 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 KOLAK 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.
Working hours
Branch counters at Kolak 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 MAHB0000531 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC MAHB0000531 for Bank of Maharashtra – KOLAK, 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.
Branch address & contact
Bank of MaharashtraKolak Branch
NEAR KOLAK GRAM PANCHAYATTAL-PARDI, KOLAK
Kolak, Gujarat
Phone: 91-6352617323
IFSC: MAHB0000531
Frequently asked questions
Where is Bank of Maharashtra Kolak branch located?
Bank of Maharashtra's Kolak branch is located at NEAR KOLAK GRAM PANCHAYATTAL-PARDI, KOLAK, Kolak, Gujarat.
How quickly will an NEFT transfer using MAHB0000531 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of Maharashtra – Kolak reflect within 30 minutes.
How do I add Bank of Maharashtra Kolak as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MAHB0000531, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC MAHB0000531 valid for NEFT and RTGS?
Yes. IFSC MAHB0000531 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC MAHB0000531 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHB0000531 to send funds instantly.
What is the phone number of Bank of Maharashtra Kolak branch?
You can reach the branch at 91-6352617323 during regular banking hours.
Is IFSC MAHB0000531 the same for all accounts at Kolak branch?
Yes. The IFSC MAHB0000531 is shared by every account held at Bank of Maharashtra's Kolak branch. Only the account number changes from customer to customer.
What is the IFSC code of Bank of Maharashtra Kolak branch?
The IFSC code of Bank of Maharashtra, Kolak branch is MAHB0000531. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: MAHB0000531 is the IFSC code of Bank of Maharashtra, KOLAK branch, in KOLAK, GUJARAT. 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.
