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 Pusegaon branch in Hingoli, Pusegaon, 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 Hingoli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0004232. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Maharashtra Gramin Bank, Pusegaon, Hingoli
Here are some of the key details that come with the IFSC Code MAHG0004232 of Maharashtra Gramin Bank for its branch located in Hingoli, within the district of Pusegaon in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0004232 |
| Branch | Pusegaon |
| City | Hingoli |
| District | Pusegaon |
| State | Maharashtra |
| Address | At Pusegaon 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 MAHG0004232 for the Pusegaon 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 Pusegaon, Hingoli, Maharashtra, are allotted a unique IFSC like MAHG0004232 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 confusion between different branches of the same bank in places like Hingoli and Pusegaon.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Maharashtra Gramin Bank in Pusegaon reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code MAHG0004232
The format of the IFSC Code for banks, including Maharashtra Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Maharashtra Gramin Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Pusegaon in Hingoli.
For example, the IFSC Code MAHG0004232 of Maharashtra Gramin Bank for the Pusegaon 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 trying to find the IFSC Code MAHG0004232 of Maharashtra Gramin Bank for its Pusegaon branch located in Hingoli, the following methods can help:
Cheque Book
The cheque books that are issued by Maharashtra Gramin Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Maharashtra Gramin Bank branches in Hingoli and Pusegaon, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Maharashtra Gramin Bank and find the branch locator section. Search for Pusegaon or Hingoli to get the exact IFSC Code MAHG0004232.
Mobile Banking App
If you use Maharashtra Gramin Bank's mobile app, you can easily 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 to help you in searching for Maharashtra Gramin Bank and Hingoli that will provide accurate information.
How to Use IFSC Code MAHG0004232 for Online Transfers?
Once you have the IFSC Code MAHG0004232 for the Pusegaon branch of Maharashtra Gramin Bank in Hingoli, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHG0004232. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Maharashtra Gramin Bank IFSC Code MAHG0004232.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Maharashtra Gramin Bank Pusegaon in Hingoli, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Maharashtra Gramin Bank in Pusegaon, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Hingoli manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0004232.
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 Pusegaon Tq Sengaon Dist Hingoli located in Hingoli, Pusegaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.