There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Maharashtra Gramin Bank for its Pohner branch in Beed, Pohner, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Maharashtra Gramin Bank situated in Beed or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code MAHG0004535. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Maharashtra Gramin Bank, Pohner, Beed
Below in the table are the key details related to IFSC Code MAHG0004535 of Maharashtra Gramin Bank for its branch located in Beed, within the district of Pohner in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0004535 |
| Branch | Pohner |
| City | Beed |
| District | Pohner |
| State | Maharashtra |
| Address | At Pohner Tq Parali Dist Beed |
These details are important not only for users using online banking but also for businesses and individuals who use Maharashtra Gramin Bank in Beed for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHG0004535 for the Pohner 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 MAHG0004535 is given to every bank branch, including Maharashtra Gramin Bank located in Pohner, Beed, 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 Beed.
- 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 Beed and Pohner.
- 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 Pohner doesn't end up at another location.
Format of the IFSC Code MAHG0004535
This is the format of the IFSC Code for banks, including Maharashtra Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Maharashtra Gramin Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Pohner in Beed.
For example, the IFSC Code MAHG0004535 of Maharashtra Gramin Bank for the Pohner branch includes these elements, identifying the bank and the branch location in Beed and Maharashtra accurately.
How to Find IFSC Code for Maharashtra Gramin Bank?
To find the IFSC Code MAHG0004535 of Maharashtra Gramin Bank for its Pohner branch located in Beed, the following methods can help you out:
Cheque Book
The cheque book issued by Maharashtra Gramin Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Maharashtra Gramin Bank branches in Beed and Pohner, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Maharashtra Gramin Bank and go to the branch locator section. Then search for Pohner or Beed to find the exact IFSC Code MAHG0004535.
Mobile Banking App
If you use Maharashtra Gramin Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Maharashtra Gramin Bank and Beed will provide accurate information.
How to Use IFSC Code MAHG0004535 for Online Transfers?
Once you have the IFSC Code MAHG0004535 for the Pohner branch of Maharashtra Gramin Bank in Beed, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHG0004535. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹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 MAHG0004535.
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 Pohner in Beed, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Maharashtra Gramin Bank in Pohner, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Maharashtra Gramin Bank website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Beed manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0004535.
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 Pohner Tq Parali Dist Beed located in Beed, Pohner, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.