Use this page as a one-stop reference for everything related to Bank of Maharashtra's PUNE-BAJIRAO ROAD branch in PUNE, MAHARASHTRA. The branch's IFSC code MAHB0000001 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, MAHB0000001 is the IFSC of Bank of Maharashtra's PUNE-BAJIRAO ROAD branch. The format is fixed: MAHB = bank code, 0 = reserved, 000001 = branch identifier.
About Bank of Maharashtra
Bank of Maharashtra operates a wide network of branches across India, including the Pune-Bajirao Road 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, MAHB0000001.
About the Pune-Bajirao Road branch
The Pune-Bajirao Road branch of Bank of Maharashtra is situated at 1177, BAJIRAO ROAD, BUDHWAR PETH, PUNE. 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 MAHB0000001 is used.
Branch details at a glance
| Bank Name | Bank of Maharashtra |
|---|---|
| Branch | Pune-Bajirao Road |
| IFSC Code | MAHB0000001 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 1177, BAJIRAO ROAD, BUDHWAR PETH, PUNE |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 7030924080 |
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 PUNE-BAJIRAO ROAD of Bank of Maharashtra — its own 11-character IFSC. The code MAHB0000001 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 MAHB0000001 the same way you would treat your account number — verify it once and save it carefully for future use.
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 MAHB0000001 and the account number together uniquely identify the Pune-Bajirao Road branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC MAHB0000001
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 MAHB0000001 across all three.
How to use IFSC MAHB0000001 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of Maharashtra's PUNE-BAJIRAO ROAD 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 MAHB0000001.
- Confirm the bank name auto-populates as Bank of Maharashtra and the branch as PUNE-BAJIRAO ROAD.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC MAHB0000001
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 – PUNE-BAJIRAO ROAD, ensure your bank's portal accepts IFSC MAHB0000001 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Bank of Maharashtra PUNE-BAJIRAO ROAD (IFSC MAHB0000001)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MAHB0000001 in your mobile or internet banking app, and the money is credited to the PUNE-BAJIRAO ROAD branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Pune-Bajirao Road
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 MAHB0000001:
- 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 PUNE-BAJIRAO ROAD is still linked to IFSC MAHB0000001.
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.
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 PUNE-BAJIRAO ROAD branch, the IFSC MAHB0000001 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 Pune-Bajirao Road branch
Once you have an account at Bank of Maharashtra – PUNE-BAJIRAO ROAD, the IFSC MAHB0000001 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 Pune-Bajirao Road 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 MAHB0000001
Digital banking channels
Most day-to-day work that customers used to do at the Pune-Bajirao Road 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 MAHB0000001 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.
How to reach the Pune-Bajirao Road branch
The branch is located at 1177, BAJIRAO ROAD, BUDHWAR PETH, PUNE, 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 Pune-Bajirao Road branch” — the verified location pin for IFSC MAHB0000001 should appear at the top of the results.
- Confirm the branch is open by calling 91-7030924080 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 MAHB0000001 and your account number.
Common mistakes to avoid when using IFSC MAHB0000001
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 – PUNE-BAJIRAO ROAD, 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:
MAHB0000001. - 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.
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 Pune-Bajirao Road branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MAHB0000001, however, work 24x7.
Verifying IFSC MAHB0000001 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 MAHB0000001 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-7030924080.
- Visiting the bank's official branch locator page.
Branch address & contact
Bank of MaharashtraPune-Bajirao Road Branch
1177, BAJIRAO ROAD, BUDHWAR PETH, PUNE
Pune, Maharashtra
Phone: 91-7030924080
IFSC: MAHB0000001
Frequently asked questions
What is the IFSC code of Bank of Maharashtra Pune-Bajirao Road branch?
The IFSC code of Bank of Maharashtra, Pune-Bajirao Road branch is MAHB0000001. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does Bank of Maharashtra Pune-Bajirao Road branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-7030924080 to confirm.
How quickly will an NEFT transfer using MAHB0000001 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of Maharashtra – Pune-Bajirao Road reflect within 30 minutes.
How do I add Bank of Maharashtra Pune-Bajirao Road as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MAHB0000001, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC MAHB0000001 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHB0000001 to send funds instantly.
Where is Bank of Maharashtra Pune-Bajirao Road branch located?
Bank of Maharashtra's Pune-Bajirao Road branch is located at 1177, BAJIRAO ROAD, BUDHWAR PETH, PUNE, Pune, Maharashtra.
Summary
The IFSC code MAHB0000001 belongs to Bank of Maharashtra's PUNE-BAJIRAO ROAD branch, located at 1177, BAJIRAO ROAD, BUDHWAR PETH, PUNE 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.
