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 Chendhare Alibag branch in Raigad, Chendhare Alibag, 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 Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0005901. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Maharashtra Gramin Bank, Chendhare Alibag, Raigad
Below in the table are the key details related to IFSC Code MAHG0005901 of Maharashtra Gramin Bank for its branch located in Raigad, within the district of Chendhare Alibag in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0005901 |
| Branch | Chendhare Alibag |
| City | Raigad |
| District | Chendhare Alibag |
| State | Maharashtra |
| Address | At Chendhare Alibag Tq Dist Raigad |
These details helps users in online banking and for businesses and individuals who use Maharashtra Gramin Bank in Raigad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHG0005901 for the Chendhare Alibag 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 Chendhare Alibag, Raigad, Maharashtra, are allotted a unique IFSC like MAHG0005901 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Raigad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Raigad and Chendhare Alibag.
- 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 Chendhare Alibag reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code MAHG0005901
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): 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 Chendhare Alibag in Raigad.
For example, the IFSC Code MAHG0005901 of Maharashtra Gramin Bank for the Chendhare Alibag branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra accurately.
How to Find IFSC Code for Maharashtra Gramin Bank?
If you are trying to find the IFSC Code MAHG0005901 of Maharashtra Gramin Bank for its Chendhare Alibag branch located in Raigad, 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 Raigad and Chendhare Alibag, 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 Chendhare Alibag or Raigad to get the exact IFSC Code MAHG0005901.
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 Raigad that will provide accurate information.
How to Use IFSC Code MAHG0005901 for Online Transfers?
Once you have the IFSC Code MAHG0005901 for the Chendhare Alibag branch of Maharashtra Gramin Bank in Raigad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHG0005901. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Maharashtra Gramin Bank IFSC Code MAHG0005901.
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 Chendhare Alibag in Raigad, 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 Chendhare Alibag, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Raigad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0005901.
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 Chendhare Alibag Tq Dist Raigad located in Raigad, Chendhare Alibag, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.