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 Sevali branch in Jalna, Sevali, 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 Jalna or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0005215. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Maharashtra Gramin Bank, Sevali, Jalna
Below in the table are the key details related to IFSC Code MAHG0005215 of Maharashtra Gramin Bank for its branch located in Jalna, within the district of Sevali in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0005215 |
| Branch | Sevali |
| City | Jalna |
| District | Sevali |
| State | Maharashtra |
| Address | At Sevali Tq Dist Jalna |
These details help users in online banking and for businesses and individuals who use Maharashtra Gramin Bank in Jalna for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHG0005215 for the Sevali branch of Maharashtra Gramin Bank has a very 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, including Maharashtra Gramin Bank located in Sevali, Jalna, Maharashtra, is provided with a unique IFSC like MAHG0005215 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Maharashtra Gramin Bank branch in Jalna.
- 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 Jalna and Sevali.
- 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 Sevali do not get mixed with another location.
Format of the IFSC Code MAHG0005215
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 Sevali in Jalna.
For example, the IFSC Code MAHG0005215 of Maharashtra Gramin Bank for the Sevali branch includes these elements, identifying the bank and the branch location in Jalna and Maharashtra correctly.
How to Find IFSC Code for Maharashtra Gramin Bank?
If you are trying to find the IFSC Code MAHG0005215 of Maharashtra Gramin Bank for its Sevali branch located in Jalna, 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 Jalna and Sevali, 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 Sevali or Jalna to get the exact IFSC Code MAHG0005215.
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 Jalna that will provide accurate information.
How to Use IFSC Code MAHG0005215 for Online Transfers?
Once you have the IFSC Code MAHG0005215 for the Sevali branch of Maharashtra Gramin Bank in Jalna, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHG0005215. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 MAHG0005215.
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 Sevali in Jalna, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Maharashtra Gramin Bank in Sevali, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Maharashtra Gramin Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Jalna manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0005215.
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 Sevali Tq Dist Jalna located in Jalna, Sevali, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.