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 Shiraswadi branch in Pune, Shiraswadi, 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 Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0004615. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Maharashtra Gramin Bank, Shiraswadi, Pune
Here are some of the key details that come with the IFSC Code MAHG0004615 of Maharashtra Gramin Bank for its branch located in Pune, within the district of Shiraswadi in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0004615 |
| Branch | Shiraswadi |
| City | Pune |
| District | Shiraswadi |
| State | Maharashtra |
| Address | At Shiraswadi Tq Haveli Dist Pune |
These details are essential not only for online banking users but also for businesses and individuals who use Maharashtra Gramin Bank in Pune for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHG0004615 for the Shiraswadi branch of Maharashtra Gramin Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Maharashtra Gramin Bank located in Shiraswadi, Pune, Maharashtra, is provided a unique IFSC like MAHG0004615 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Maharashtra Gramin Bank branch in Pune.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Pune and Shiraswadi.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Maharashtra Gramin Bank in Shiraswadi do not get misguided to another person.
Format of the IFSC Code MAHG0004615
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 Shiraswadi in Pune.
For example, the IFSC Code MAHG0004615 of Maharashtra Gramin Bank for the Shiraswadi branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra correctly.
How to Find IFSC Code for Maharashtra Gramin Bank?
If you are trying to find the IFSC Code MAHG0004615 of Maharashtra Gramin Bank for its Shiraswadi branch located in Pune, 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 Pune and Shiraswadi, 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 Shiraswadi or Pune to get the exact IFSC Code MAHG0004615.
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 Pune that will provide accurate information.
How to Use IFSC Code MAHG0004615 for Online Transfers?
If you have the IFSC Code MAHG0004615 for the Shiraswadi branch of Maharashtra Gramin Bank in Pune, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MAHG0004615. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Maharashtra Gramin Bank IFSC Code MAHG0004615.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Maharashtra Gramin Bank Shiraswadi in Pune, it may 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 Shiraswadi, 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 Pune manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shiraswadi Pune branch is MAHG0004615.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at At Shiraswadi Tq Haveli Dist Pune.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.