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 Regional Office Parbhani branch in Parbhani, Parbhani, 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 Parbhani or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0004200. 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, Regional Office Parbhani, Parbhani
Below in the table are the key details related to IFSC Code MAHG0004200 of Maharashtra Gramin Bank for its branch located in Parbhani, within the district of Parbhani in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0004200 |
| Branch | Regional Office Parbhani |
| City | Parbhani |
| District | Parbhani |
| State | Maharashtra |
| Address | Regional Office Parbhani Sant Gurukrupa Shivajinagar Tq Dist Parbhani |
These details are important not only for users using online banking but also for businesses and individuals who use Maharashtra Gramin Bank in Parbhani for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MAHG0004200 for the Regional Office Parbhani 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, along with Maharashtra Gramin Bank located in Regional Office Parbhani, Parbhani, Maharashtra, are allotted a unique IFSC like MAHG0004200 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Parbhani.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Parbhani and Parbhani.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Maharashtra Gramin Bank in Regional Office Parbhani reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code MAHG0004200
The format of the IFSC Code for banks, including Maharashtra Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Maharashtra Gramin Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Regional Office Parbhani in Parbhani.
For example, the IFSC Code MAHG0004200 of Maharashtra Gramin Bank for the Regional Office Parbhani branch includes these elements, identifying the bank and the branch location in Parbhani and Maharashtra accurately.
How to Find IFSC Code for Maharashtra Gramin Bank?
To find the IFSC Code MAHG0004200 of Maharashtra Gramin Bank for its Regional Office Parbhani branch located in Parbhani, 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 Parbhani and Parbhani, 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 Regional Office Parbhani or Parbhani to find the exact IFSC Code MAHG0004200.
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 Parbhani will provide accurate information.
How to Use IFSC Code MAHG0004200 for Online Transfers?
Once you have the IFSC Code MAHG0004200 for the Regional Office Parbhani branch of Maharashtra Gramin Bank in Parbhani, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHG0004200. 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 MAHG0004200.
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 Regional Office Parbhani in Parbhani, 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 Regional Office Parbhani, 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 Parbhani manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0004200.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Regional Office Parbhani Sant Gurukrupa Shivajinagar Tq Dist Parbhani located in Parbhani, Parbhani, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.