The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Maharashtra Gramin Bank for its Satara branch in Aurangabad, Satara, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Maharashtra Gramin Bank located in Aurangabad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0005135. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Maharashtra Gramin Bank, Satara, Aurangabad
Below in the table are the key details related to IFSC Code MAHG0005135 of Maharashtra Gramin Bank for its branch located in Aurangabad, within the district of Satara in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0005135 |
| Branch | Satara |
| City | Aurangabad |
| District | Satara |
| State | Maharashtra |
| Address | At Satara Tq Dist Aurangabad |
These details are important not only for users using online banking but also for businesses and individuals who use Maharashtra Gramin Bank in Aurangabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHG0005135 for the Satara branch of Maharashtra Gramin Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like MAHG0005135 is given to every bank branch, including Maharashtra Gramin Bank located in Satara, Aurangabad, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Maharashtra Gramin Bank branch in Aurangabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Aurangabad and Satara.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Maharashtra Gramin Bank in Satara doesn't end up at another location.
Format of the IFSC Code MAHG0005135
The format of the IFSC Code for banks, including Maharashtra Gramin Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Maharashtra Gramin Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Satara in Aurangabad.
For example, the IFSC Code MAHG0005135 of Maharashtra Gramin Bank for the Satara branch includes these elements, identifying the bank and the branch location in Aurangabad and Maharashtra correctly.
How to Find IFSC Code for Maharashtra Gramin Bank?
If you are looking for the IFSC Code MAHG0005135 of Maharashtra Gramin Bank for its Satara branch located in Aurangabad, the following methods can help:
Cheque Book
The cheque book that is issued by Maharashtra Gramin Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Maharashtra Gramin Bank branches in Aurangabad and Satara, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Maharashtra Gramin Bank and look for the branch locator section, then search for Satara or Aurangabad to get the exact IFSC Code MAHG0005135.
Mobile Banking App
If you use Maharashtra Gramin Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Maharashtra Gramin Bank and Aurangabad, then it will provide you proper information.
How to Use IFSC Code MAHG0005135 for Online Transfers?
Once you have the IFSC Code MAHG0005135 for the Satara branch of Maharashtra Gramin Bank in Aurangabad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHG0005135. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Maharashtra Gramin Bank IFSC Code MAHG0005135.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Maharashtra Gramin Bank Satara in Aurangabad, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Maharashtra Gramin Bank in Satara, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Maharashtra Gramin Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Aurangabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0005135.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is At Satara Tq Dist Aurangabad located in Aurangabad, Satara, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.