For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Maharashtra Gramin Bank for its Pankanergaon branch in Hingoli, Pankanergaon, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Maharashtra Gramin Bank located in Hingoli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0004264. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Maharashtra Gramin Bank, Pankanergaon, Hingoli
Below in the table are the key details related to IFSC Code MAHG0004264 of Maharashtra Gramin Bank for its branch located in Hingoli, within the district of Pankanergaon in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0004264 |
| Branch | Pankanergaon |
| City | Hingoli |
| District | Pankanergaon |
| State | Maharashtra |
| Address | At Pankanergaon Tq Sengaon Dist Hingoli |
These details are essential not only for online banking users but also for businesses and individuals who use Maharashtra Gramin Bank in Hingoli for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHG0004264 for the Pankanergaon branch of Maharashtra Gramin Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Maharashtra Gramin Bank located in Pankanergaon, Hingoli, Maharashtra, are given a unique IFSC like MAHG0004264 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Hingoli.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Hingoli and Pankanergaon.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Maharashtra Gramin Bank in Pankanergaon goes to the correct branch. This is important because Maharashtra Gramin Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code MAHG0004264
The format of the IFSC Code for banks, including Maharashtra Gramin Bank, follows 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 Pankanergaon in Hingoli.
For example, the IFSC Code MAHG0004264 of Maharashtra Gramin Bank for the Pankanergaon branch includes these elements, identifying the bank and the branch location in Hingoli and Maharashtra accurately.
How to Find IFSC Code for Maharashtra Gramin Bank?
If you are looking for the IFSC Code MAHG0004264 of Maharashtra Gramin Bank for its Pankanergaon branch located in Hingoli, 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 Hingoli and Pankanergaon, 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 Pankanergaon or Hingoli to get the exact IFSC Code MAHG0004264.
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 Hingoli, then it will provide you proper information.
How to Use IFSC Code MAHG0004264 for Online Transfers?
Once you have the IFSC Code MAHG0004264 for the Pankanergaon branch of Maharashtra Gramin Bank in Hingoli, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHG0004264. Transfers are processed in batches. This is suitable for 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 MAHG0004264.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Maharashtra Gramin Bank Pankanergaon in Hingoli may result in delayed or failed transactions.
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 Pankanergaon, 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 Hingoli manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0004264.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is At Pankanergaon Tq Sengaon Dist Hingoli located in Hingoli, Pankanergaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.