IFSC code for Mashreq Bank, Rtgs-ho, Nariman point, Maharashtra

Updated on: Saturday, June 1, 2024

IFSC CODE

MSHQ0000001

Mashreq Bank

Rtgs-ho, Mumbai, Maharashtra
Address

1305, Raheja Centre,13th Floor

Mashreq Bank

Rtgs-ho, Mumbai, Maharashtra

Address

1305, Raheja Centre,13th Floor

Bank Details

IFSC Code

MSHQ0000001

MICR Code

400205002

Bank Code

(Based on IFSC)

MSHQ

Bank Code

(Based on MICR)

205

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.

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Format of Mashreq Bank IFSC Code MSHQ0000001

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., 000001, 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.

Learn More About IFSC Code!

Frequently Asked Questions