Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Maharashtra Gramin Bank for its Yehlegaon Tukaram branch in Hingoli, Yehlegaon Tukaram, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Maharashtra Gramin Bank located in Hingoli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0004255. You should definitely 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, Yehlegaon Tukaram, Hingoli
Here are the main details that are associated with the IFSC Code MAHG0004255 of Maharashtra Gramin Bank for its branch located in Hingoli, within the district of Yehlegaon Tukaram in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0004255 |
| Branch | Yehlegaon Tukaram |
| City | Hingoli |
| District | Yehlegaon Tukaram |
| State | Maharashtra |
| Address | At Yehlegaon Tukaram Tq Kalamnuri Dist Hingoli |
These details are important not only for users using online banking but also for businesses and individuals who use Maharashtra Gramin Bank in Hingoli for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHG0004255 for the Yehlegaon Tukaram 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 provided by the Reserve Bank of India. Every bank branch, along with Maharashtra Gramin Bank located in Yehlegaon Tukaram, Hingoli, Maharashtra, are allotted a unique IFSC like MAHG0004255 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 Yehlegaon Tukaram.
- 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 Yehlegaon Tukaram reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code MAHG0004255
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 Yehlegaon Tukaram in Hingoli.
For example, the IFSC Code MAHG0004255 of Maharashtra Gramin Bank for the Yehlegaon Tukaram 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 MAHG0004255 of Maharashtra Gramin Bank for its Yehlegaon Tukaram 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 Yehlegaon Tukaram, 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 Yehlegaon Tukaram or Hingoli to get the exact IFSC Code MAHG0004255.
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 MAHG0004255 for Online Transfers?
If you have the IFSC Code MAHG0004255 for the Yehlegaon Tukaram branch of Maharashtra Gramin Bank in Hingoli, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHG0004255. Transfers are processed in batches. 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. Asks for the recipient's account details and Maharashtra Gramin Bank IFSC Code MAHG0004255.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Maharashtra Gramin Bank Yehlegaon Tukaram in Hingoli, it 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 Yehlegaon Tukaram, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Hingoli to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0004255.
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 Yehlegaon Tukaram Tq Kalamnuri Dist Hingoli located in Hingoli, Yehlegaon Tukaram, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.