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 Satgaon branch in Jalgaon, Satgaon, 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 MAHG0005506. 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, Satgaon, Jalgaon
Below in the table are the key details related to IFSC Code MAHG0005506 of Maharashtra Gramin Bank for its branch located in Jalgaon, within the district of Satgaon in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0005506 |
| Branch | Satgaon |
| City | Jalgaon |
| District | Satgaon |
| State | Maharashtra |
| Address | At Satgaon 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 MAHG0005506 for the Satgaon 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, along with Maharashtra Gramin Bank located in Satgaon, Jalgaon, Maharashtra, are given a unique IFSC like MAHG0005506 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Jalgaon.
- 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 Jalgaon and Satgaon.
- 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 Satgaon 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 MAHG0005506
The format of the IFSC Code for banks, including Maharashtra Gramin Bank, has 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 Satgaon in Jalgaon.
For example, the IFSC Code MAHG0005506 of Maharashtra Gramin Bank for the Satgaon branch includes these elements, identifying the bank and the branch location in Jalgaon and Maharashtra correctly.
How to Find IFSC Code for Maharashtra Gramin Bank?
If you are trying to find the IFSC Code MAHG0005506 of Maharashtra Gramin Bank for its Satgaon branch located in Jalgaon, the following methods can help:
Cheque Book
The cheque book issued by Maharashtra Gramin Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Maharashtra Gramin Bank branches in Jalgaon and Satgaon, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Maharashtra Gramin Bank and navigate to the branch locator section. Search for Satgaon or Jalgaon to get the exact IFSC Code MAHG0005506.
Mobile Banking App
If you use Maharashtra Gramin Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Maharashtra Gramin Bank and Jalgaon, you'll get the correct details.
How to Use IFSC Code MAHG0005506 for Online Transfers?
Once you have the IFSC Code MAHG0005506 for the Satgaon 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 MAHG0005506. 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 MAHG0005506.
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 Satgaon in Jalgaon, 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 Satgaon, 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 Jalgaon manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0005506.
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 Satgaon Tq Dist Jalgaon located in Jalgaon, Satgaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.