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 Mod branch in Nandurbar, Mod, 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 Nandurbar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0006002. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Maharashtra Gramin Bank, Mod, Nandurbar
Here are some of the key details that come with the IFSC Code MAHG0006002 of Maharashtra Gramin Bank for its branch located in Nandurbar, within the district of Mod in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0006002 |
| Branch | Mod |
| City | Nandurbar |
| District | Mod |
| State | Maharashtra |
| Address | At Mod Tq Dist Nandurbar |
These details are important not only for users using online banking but also for businesses and individuals who use Maharashtra Gramin Bank in Nandurbar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHG0006002 for the Mod 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, including Maharashtra Gramin Bank located in Mod, Nandurbar, Maharashtra, is provided with a unique IFSC like MAHG0006002 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Maharashtra Gramin Bank branch in Nandurbar.
- 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 Nandurbar and Mod.
- 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 Mod do not get mixed with another location.
Format of the IFSC Code MAHG0006002
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): These represent the bank code. In Maharashtra Gramin Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Mod in Nandurbar.
For example, the IFSC Code MAHG0006002 of Maharashtra Gramin Bank for the Mod branch has these elements, identifying the bank and the branch location in Nandurbar and Maharashtra correctly.
How to Find IFSC Code for Maharashtra Gramin Bank?
To find the IFSC Code MAHG0006002 of Maharashtra Gramin Bank for its Mod branch located in Nandurbar, the following methods can help you out:
Cheque Book
The cheque book issued by Maharashtra Gramin Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Maharashtra Gramin Bank branches in Nandurbar and Mod, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Maharashtra Gramin Bank and go to the branch locator section. Then search for Mod or Nandurbar to find the exact IFSC Code MAHG0006002.
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 maintains an updated database of all IFSC codes. Searching for Maharashtra Gramin Bank and Nandurbar will provide accurate information.
How to Use IFSC Code MAHG0006002 for Online Transfers?
Once you have the IFSC Code MAHG0006002 for the Mod branch of Maharashtra Gramin Bank in Nandurbar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHG0006002. 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 MAHG0006002.
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 Mod in Nandurbar, 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 Mod, 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 Nandurbar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0006002.
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 Mod Tq Dist Nandurbar located in Nandurbar, Mod, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.