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 Kekatnimbhora branch in Jalgaon, Kekatnimbhora, 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 Jalgaon or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code MAHG0005505. 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, Kekatnimbhora, Jalgaon

Here are the key points that are associated with the IFSC Code MAHG0005505 of Maharashtra Gramin Bank for its branch located in Jalgaon, within the district of Kekatnimbhora in the state of Maharashtra.

Particulars Details
Bank Maharashtra Gramin Bank
IFSC Code MAHG0005505
Branch Kekatnimbhora
City Jalgaon
District Kekatnimbhora
State Maharashtra
Address At Kekatnimbhora Tq Dist Jalgaon

These details are important not only for users using online banking but also for businesses and individuals who use Maharashtra Gramin Bank in Jalgaon for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHG0005505 for the Kekatnimbhora branch of Maharashtra Gramin Bank is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Maharashtra Gramin Bank located in Kekatnimbhora, Jalgaon, Maharashtra, is provided a unique IFSC like MAHG0005505 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Maharashtra Gramin Bank branch in Jalgaon.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Jalgaon and Kekatnimbhora.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Maharashtra Gramin Bank in Kekatnimbhora do not get misguided to another person.

Format of the IFSC Code MAHG0005505

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 Kekatnimbhora in Jalgaon.

For example, the IFSC Code MAHG0005505 of Maharashtra Gramin Bank for the Kekatnimbhora branch includes these elements, identifying the bank and the branch location in Jalgaon and Maharashtra accurately.

How to Find IFSC Code for Maharashtra Gramin Bank?

If you are trying to find the IFSC Code MAHG0005505 of Maharashtra Gramin Bank for its Kekatnimbhora branch located in Jalgaon, 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 Jalgaon and Kekatnimbhora, 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 Kekatnimbhora or Jalgaon to get the exact IFSC Code MAHG0005505.

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 Jalgaon that will provide accurate information.

How to Use IFSC Code MAHG0005505 for Online Transfers?

Once you have the IFSC Code MAHG0005505 for the Kekatnimbhora branch of Maharashtra Gramin Bank in Jalgaon, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHG0005505. 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 MAHG0005505.

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 Kekatnimbhora in Jalgaon, it can 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 Kekatnimbhora, 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 Jalgaon manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Maharashtra Gramin Bank in Kekatnimbhora, Jalgaon?

The IFSC Code is MAHG0005505.

Is the IFSC Code MAHG0005505 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Maharashtra Gramin Bank Kekatnimbhora?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Kekatnimbhora branch?

The address of the branch is At Kekatnimbhora Tq Dist Jalgaon located in Jalgaon, Kekatnimbhora, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.