Bank of Maharashtra — KARVE NAKA Branch

How to Use MAHB0001942 for Money Transfers

The IFSC code MAHB0001942 is specifically assigned to the KARVE NAKA branch of Bank of Maharashtra located in SATARA, MAHARASHTRA. This unique code is mandatory for routing electronic payments correctly within India.

NEFT Transfer

Use MAHB0001942 when adding this branch as a beneficiary in NEFT transactions. NEFT operates in half-hourly batches from 12:30 AM to 12:00 AM on all days. Enter the IFSC, account number, and account holder name carefully to ensure successful transfer.

RTGS Transfer

For high-value transactions above ₹2 lakh, RTGS offers real-time gross settlement. Use MAHB0001942 along with the beneficiary's exact account number. RTGS is available on working days from 7:00 AM to 6:00 PM.

IMPS & UPI

IMPS and UPI allow instant 24×7 transfers. While UPI apps often auto-resolve the IFSC from the VPA, mobile banking apps require MAHB0001942 when registering a new beneficiary.

Always double-check the account number before confirming any transfer — the IFSC routes funds to the correct branch, but the account number specifies the exact recipient.

About Bank of Maharashtra KARVE NAKA Branch

The KARVE NAKA branch of Bank of Maharashtra is situated in SATARA, MAHARASHTRA. The branch address is 152/1A/ AND 152/1A/1B, KUSUMAVALI PRIDE, KARAD-TASGAON RD, OPP THORAT HOSPITAL. This branch supports electronic payment services including NEFT, RTGS, IMPS, and UPI. You can contact this branch at +919028087068. Always use the IFSC code MAHB0001942 when making any online fund transfer to an account held at this branch.