Below are the complete branch details for Bank of Maharashtra, RETAIL ASSET BRANCH NAGPUR branch, located in NAGPUR, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is MAHB0001494. 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 MAHB0001494 for Bank of Maharashtra – RETAIL ASSET BRANCH NAGPUR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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, MAHB0001494 is the IFSC of Bank of Maharashtra's RETAIL ASSET BRANCH NAGPUR branch. The format is fixed: MAHB = bank code, 0 = reserved, 001494 = branch identifier.
Branch details at a glance
| Bank Name | Bank of Maharashtra |
|---|---|
| Branch | Retail Asset Branch Nagpur |
| IFSC Code | MAHB0001494 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BANK OF MAHARASHTRA, 3RD FLOOR, ABHYANKAR ROAD, SITABULDI, NAGPUR - 440 012 |
| City | Nagpur |
| District | Nagpur |
| State | Maharashtra |
| STD Code | 712 |
| Phone | 2545020 |
About Bank of Maharashtra
Bank of Maharashtra operates a wide network of branches across India, including the Retail Asset Branch Nagpur branch in Nagpur. 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, MAHB0001494.
About this branch
The branch is located at BANK OF MAHARASHTRA, 3RD FLOOR, ABHYANKAR ROAD, SITABULDI, NAGPUR - 440 012. It serves the Nagpur region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Bank of Maharashtra. The IFSC MAHB0001494 is used to identify this branch on the RBI payments network.
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 RETAIL ASSET BRANCH NAGPUR of Bank of Maharashtra — its own 11-character IFSC. The code MAHB0001494 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 MAHB0001494 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC MAHB0001494
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 MAHB0001494 across all three.
NEFT to Bank of Maharashtra, RETAIL ASSET BRANCH NAGPUR using IFSC MAHB0001494
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 MAHB0001494, and confirm that the system picks up Bank of Maharashtra – RETAIL ASSET BRANCH NAGPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to RETAIL ASSET BRANCH NAGPUR
If you need to transfer ₹2 lakh or more in one go to an account at Bank of Maharashtra's RETAIL ASSET BRANCH NAGPUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHB0001494 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 – RETAIL ASSET BRANCH NAGPUR, use IMPS. With IFSC MAHB0001494 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 Retail Asset Branch Nagpur
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 MAHB0001494:
- 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 RETAIL ASSET BRANCH NAGPUR is still linked to IFSC MAHB0001494.
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 MAHB0001494
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 – RETAIL ASSET BRANCH NAGPUR is still mapped to IFSC MAHB0001494. 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 MAHB0001494 and the beneficiary's account number to complete the transfer.
Account types you can open at the Retail Asset Branch Nagpur branch
Once you have an account at Bank of Maharashtra – RETAIL ASSET BRANCH NAGPUR, the IFSC MAHB0001494 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 Retail Asset Branch Nagpur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 712-2545020.
- 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 MAHB0001494
MICR & cheque-truncation details
Cheques drawn on the Retail Asset Branch Nagpur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MAHB0001494 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Retail Asset Branch Nagpur 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 MAHB0001494 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.
Common mistakes to avoid when using IFSC MAHB0001494
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 – RETAIL ASSET BRANCH NAGPUR, 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:
MAHB0001494. - 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 Retail Asset Branch Nagpur branch
The branch is located at BANK OF MAHARASHTRA, 3RD FLOOR, ABHYANKAR ROAD, SITABULDI, NAGPUR - 440 012, which puts it inside Nagpur, the broader Nagpur district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Bank of Maharashtra Retail Asset Branch Nagpur branch” — the verified location pin for IFSC MAHB0001494 should appear at the top of the results.
- Confirm the branch is open by calling 712-2545020 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 MAHB0001494 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC MAHB0001494 for Bank of Maharashtra – RETAIL ASSET BRANCH NAGPUR, 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 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 Retail Asset Branch Nagpur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MAHB0001494, however, work 24x7.
Branch address & contact
Bank of MaharashtraRetail Asset Branch Nagpur Branch
BANK OF MAHARASHTRA, 3RD FLOOR, ABHYANKAR ROAD, SITABULDI, NAGPUR - 440 012
Nagpur, Maharashtra
Phone: 712-2545020
IFSC: MAHB0001494
Frequently asked questions
Is IFSC MAHB0001494 the same for all accounts at Retail Asset Branch Nagpur branch?
Yes. The IFSC MAHB0001494 is shared by every account held at Bank of Maharashtra's Retail Asset Branch Nagpur branch. Only the account number changes from customer to customer.
Can I use IFSC MAHB0001494 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHB0001494 to send funds instantly.
Where is Bank of Maharashtra Retail Asset Branch Nagpur branch located?
Bank of Maharashtra's Retail Asset Branch Nagpur branch is located at BANK OF MAHARASHTRA, 3RD FLOOR, ABHYANKAR ROAD, SITABULDI, NAGPUR - 440 012, Nagpur, Maharashtra.
How do I add Bank of Maharashtra Retail Asset Branch Nagpur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MAHB0001494, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Retail Asset Branch Nagpur branch but serve different purposes.
How quickly will an NEFT transfer using MAHB0001494 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of Maharashtra – Retail Asset Branch Nagpur reflect within 30 minutes.
Summary
The IFSC code MAHB0001494 belongs to Bank of Maharashtra's RETAIL ASSET BRANCH NAGPUR branch, located at BANK OF MAHARASHTRA, 3RD FLOOR, ABHYANKAR ROAD, SITABULDI, NAGPUR - 440 012 in NAGPUR, 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.
