If you are searching for the IFSC code of Bank of Maharashtra, ALTERNATE BUSINESS CHANNEL branch in PUNE, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is MAHB0009012. 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 ALTERNATE BUSINESS CHANNEL branch, and detailed step-by-step guides for using the IFSC MAHB0009012 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.
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 – ALTERNATE BUSINESS CHANNEL is MAHB0009012. The first four letters MAHB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 009012 map to this branch in PUNE, MAHARASHTRA.
About Bank of Maharashtra
Bank of Maharashtra operates a wide network of branches across India, including the Alternate Business Channel branch in Pune. 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, MAHB0009012.
About the Alternate Business Channel branch
The Alternate Business Channel branch of Bank of Maharashtra is situated at LOKMANGAL, 1501, SHIVAJINAGAR, PUNE-411005. 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 MAHB0009012 is used.
Branch details at a glance
| Bank Name | Bank of Maharashtra |
|---|---|
| Branch | Alternate Business Channel |
| IFSC Code | MAHB0009012 |
| MICR Code | Refer to cheque leaf |
| Branch Address | LOKMANGAL, 1501, SHIVAJINAGAR, PUNE-411005 |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| STD Code | 20 |
| Phone | 25614287 |
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 ALTERNATE BUSINESS CHANNEL of Bank of Maharashtra — its own 11-character IFSC. The code MAHB0009012 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 MAHB0009012 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Alternate Business Channel branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MAHB0009012 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC MAHB0009012
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 MAHB0009012 across all three.
How to use IFSC MAHB0009012 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of Maharashtra's ALTERNATE BUSINESS CHANNEL 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 MAHB0009012.
- Confirm the bank name auto-populates as Bank of Maharashtra and the branch as ALTERNATE BUSINESS CHANNEL.
- 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 ALTERNATE BUSINESS CHANNEL
If you need to transfer ₹2 lakh or more in one go to an account at Bank of Maharashtra's ALTERNATE BUSINESS CHANNEL branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHB0009012 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 – ALTERNATE BUSINESS CHANNEL, use IMPS. With IFSC MAHB0009012 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 MAHB0009012 for Bank of Maharashtra – ALTERNATE BUSINESS CHANNEL, 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 – MAHB0009012 | Yes – MAHB0009012 | Yes – MAHB0009012 |
For most retail customers crediting the Alternate Business Channel 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 MAHB0009012
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 – ALTERNATE BUSINESS CHANNEL is still mapped to IFSC MAHB0009012. 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 MAHB0009012 and the beneficiary's account number to complete the transfer.
Account types you can open at the Alternate Business Channel branch
Once you have an account at Bank of Maharashtra – ALTERNATE BUSINESS CHANNEL, the IFSC MAHB0009012 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 Alternate Business Channel branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 20-25614287.
- 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 MAHB0009012
Online banking and IFSC MAHB0009012
Bank of Maharashtra customers can register for net banking and the bank's official mobile app once their account at the ALTERNATE BUSINESS CHANNEL 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 MAHB0009012 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.
How to reach the Alternate Business Channel branch
The branch is located at LOKMANGAL, 1501, SHIVAJINAGAR, PUNE-411005, which puts it inside Pune, the broader Pune district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Bank of Maharashtra Alternate Business Channel branch” — the verified location pin for IFSC MAHB0009012 should appear at the top of the results.
- Confirm the branch is open by calling 20-25614287 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 MAHB0009012 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 – ALTERNATE BUSINESS CHANNEL:
- The IFSC is exactly MAHB0009012 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 ALTERNATE BUSINESS CHANNEL 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.
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 Alternate Business Channel branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MAHB0009012, however, work 24x7.
Verifying IFSC MAHB0009012 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 MAHB0009012 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 20-25614287.
- Visiting the bank's official branch locator page.
Branch address & contact
Bank of MaharashtraAlternate Business Channel Branch
LOKMANGAL, 1501, SHIVAJINAGAR, PUNE-411005
Pune, Maharashtra
Phone: 20-25614287
IFSC: MAHB0009012
Frequently asked questions
Where is Bank of Maharashtra Alternate Business Channel branch located?
Bank of Maharashtra's Alternate Business Channel branch is located at LOKMANGAL, 1501, SHIVAJINAGAR, PUNE-411005, Pune, Maharashtra.
Can I use IFSC MAHB0009012 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHB0009012 to send funds instantly.
Does Bank of Maharashtra Alternate Business Channel branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 20-25614287 to confirm.
What is the phone number of Bank of Maharashtra Alternate Business Channel branch?
You can reach the branch at 20-25614287 during regular banking hours.
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 Alternate Business Channel branch but serve different purposes.
How quickly will an NEFT transfer using MAHB0009012 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of Maharashtra – Alternate Business Channel reflect within 30 minutes.
Is IFSC MAHB0009012 the same for all accounts at Alternate Business Channel branch?
Yes. The IFSC MAHB0009012 is shared by every account held at Bank of Maharashtra's Alternate Business Channel branch. Only the account number changes from customer to customer.
Summary
The IFSC code MAHB0009012 belongs to Bank of Maharashtra's ALTERNATE BUSINESS CHANNEL branch, located at LOKMANGAL, 1501, SHIVAJINAGAR, PUNE-411005 in PUNE, 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.
