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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Maharashtra Gramin Bank for its Raver branch in Jalgaon, Raver, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Maharashtra Gramin Bank located in Jalgaon or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0005513. 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, Raver, Jalgaon
Here are some of the key details that come with the IFSC Code MAHG0005513 of Maharashtra Gramin Bank for its branch located in Jalgaon, within the district of Raver in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0005513 |
| Branch | Raver |
| City | Jalgaon |
| District | Raver |
| State | Maharashtra |
| Address | At Raver Tq Dist Jalgaon |
These details helps users in online banking and for businesses and individuals who use Maharashtra Gramin Bank in Jalgaon for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHG0005513 for the Raver branch of Maharashtra Gramin Bank plays a vital 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, including Maharashtra Gramin Bank located in Raver, Jalgaon, Maharashtra, is provided with a unique IFSC like MAHG0005513 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Maharashtra Gramin Bank branch in Jalgaon.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Jalgaon and Raver.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Maharashtra Gramin Bank in Raver do not get mixed with another location.
Format of the IFSC Code MAHG0005513
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 Raver in Jalgaon.
For example, the IFSC Code MAHG0005513 of Maharashtra Gramin Bank for the Raver 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 MAHG0005513 of Maharashtra Gramin Bank for its Raver 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 Raver, 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 Raver or Jalgaon to get the exact IFSC Code MAHG0005513.
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 MAHG0005513 for Online Transfers?
Once you have the IFSC Code MAHG0005513 for the Raver branch of Maharashtra Gramin Bank in Jalgaon, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHG0005513. 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 MAHG0005513.
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 Raver in Jalgaon, 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 Raver, 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)
The IFSC Code is MAHG0005513.
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 Raver Tq Dist Jalgaon located in Jalgaon, Raver, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.