IFSC code for Mashreq Bank, Mumbai branch, Mumbai, Maharashtra
Updated on: Tuesday, October 1, 2024
IFSC CODE
MSHQ0000099
Mashreq Bank
Mumbai Branch, Nariman Point, Maharashtra
Address
1305, Raheja Centre,13th Floor
Mashreq Bank
Mumbai Branch, Nariman Point, Maharashtra
Address
1305, Raheja Centre,13th Floor
Bank Details
IFSC Code
MSHQ0000099
MICR Code
NA
Bank Code
(Based on IFSC)
MSHQ
Bank Code
(Based on MICR)
NA
Contact
+912266327200
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IFSC Code of Mashreq Bank
Every Mashreq Bank branch in India has a unique Mashreq Bank IFSC Code. Mashreq Bank IFSC Code enables Mashreq Bank account holders to send and receive money electronically. Mashreq Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Mashreq Bank IFSC Code MSHQ0000099
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., MSHQ, denotes the name of the bank which is Mashreq Bank.
The fifth character is 0.
The last six digits of the code, i.e., 000099, represents the branch which is Mashreq Bank
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MICR Code of Mashreq Bank
Every Mashreq Bank branch in India has a unique Mashreq Bank MICR Code. MICR code for Mashreq Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Mashreq Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
