If you are searching for the IFSC code of Bank of Maharashtra, PARGAON branch in PARGAON, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is MAHB0000742. 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 PARGAON branch, and detailed step-by-step guides for using the IFSC MAHB0000742 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, MAHB0000742 is the IFSC of Bank of Maharashtra's PARGAON branch. The format is fixed: MAHB = bank code, 0 = reserved, 000742 = branch identifier.
About the bank
Bank of Maharashtra serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Pargaon branch in Pargaon, Maharashtra is part of this network and uses the IFSC code MAHB0000742 for all electronic settlement.
Branch details at a glance
| Bank Name | Bank of Maharashtra |
|---|---|
| Branch | Pargaon |
| IFSC Code | MAHB0000742 |
| MICR Code | Refer to cheque leaf |
| Branch Address | C/O DR. KULKARNI, PARGAONAT AND POST PARGAON TAL BHOOM |
| City | Pargaon |
| District | Dharashiv |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 9028079628 |
About the Pargaon branch
The Pargaon branch of Bank of Maharashtra is situated at C/O DR. KULKARNI, PARGAONAT AND POST PARGAON TAL BHOOM. 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 MAHB0000742 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 PARGAON branch came to be assigned the code MAHB0000742.
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 MAHB0000742, money simply cannot be routed to the PARGAON branch electronically.
Products and account variants supported
Every account opened at the Pargaon branch is mapped to IFSC MAHB0000742 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 MAHB0000742.
Banking services available
The Pargaon branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9028079628.
- 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 MAHB0000742
How to transfer money using IFSC MAHB0000742
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 MAHB0000742 across all three.
How to use IFSC MAHB0000742 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of Maharashtra's PARGAON 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 MAHB0000742.
- Confirm the bank name auto-populates as Bank of Maharashtra and the branch as PARGAON.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC MAHB0000742
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Bank of Maharashtra – PARGAON, ensure your bank's portal accepts IFSC MAHB0000742 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Bank of Maharashtra PARGAON (IFSC MAHB0000742)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MAHB0000742 in your mobile or internet banking app, and the money is credited to the PARGAON branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC MAHB0000742 for Bank of Maharashtra – PARGAON, 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 – MAHB0000742 | Yes – MAHB0000742 | Yes – MAHB0000742 |
For most retail customers crediting the Pargaon 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 MAHB0000742
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 – PARGAON is still mapped to IFSC MAHB0000742. 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 MAHB0000742 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 Pargaon 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 MAHB0000742 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 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 MAHB0000742 and the account number together uniquely identify the Pargaon branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC MAHB0000742
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 – PARGAON, 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:
MAHB0000742. - 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 Pargaon branch
The branch is located at C/O DR. KULKARNI, PARGAONAT AND POST PARGAON TAL BHOOM, which puts it inside Pargaon, the broader Dharashiv district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Bank of Maharashtra Pargaon branch” — the verified location pin for IFSC MAHB0000742 should appear at the top of the results.
- Confirm the branch is open by calling 91-9028079628 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 MAHB0000742 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC MAHB0000742 for Bank of Maharashtra – PARGAON, 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 Pargaon 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 MAHB0000742 continue to work without interruption.
Branch address & contact
Bank of MaharashtraPargaon Branch
C/O DR. KULKARNI, PARGAONAT AND POST PARGAON TAL BHOOM
Pargaon, Maharashtra
Phone: 91-9028079628
IFSC: MAHB0000742
Frequently asked questions
How do I add Bank of Maharashtra Pargaon as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MAHB0000742, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC MAHB0000742 the same for all accounts at Pargaon branch?
Yes. The IFSC MAHB0000742 is shared by every account held at Bank of Maharashtra's Pargaon branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using MAHB0000742 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of Maharashtra – Pargaon reflect within 30 minutes.
What is the IFSC code of Bank of Maharashtra Pargaon branch?
The IFSC code of Bank of Maharashtra, Pargaon branch is MAHB0000742. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Bank of Maharashtra Pargaon branch located?
Bank of Maharashtra's Pargaon branch is located at C/O DR. KULKARNI, PARGAONAT AND POST PARGAON TAL BHOOM, Pargaon, Maharashtra.
What is the phone number of Bank of Maharashtra Pargaon branch?
You can reach the branch at 91-9028079628 during regular banking hours.
Can I use IFSC MAHB0000742 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHB0000742 to send funds instantly.
Final notes
To recap: MAHB0000742 is the IFSC code of Bank of Maharashtra, PARGAON branch, in PARGAON, MAHARASHTRA. 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.
