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 Belavali branch in Thane, Belavali, 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 Thane or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MAHG0005602. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Maharashtra Gramin Bank, Belavali, Thane
Below in the table are the key details related to IFSC Code MAHG0005602 of Maharashtra Gramin Bank for its branch located in Thane, within the district of Belavali in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Maharashtra Gramin Bank |
| IFSC Code | MAHG0005602 |
| Branch | Belavali |
| City | Thane |
| District | Belavali |
| State | Maharashtra |
| Address | At Belavali Tq Dist Thane |
These details are essential not only for online banking users but also for businesses and individuals who use Maharashtra Gramin Bank in Thane for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHG0005602 for the Belavali 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 Belavali, Thane, Maharashtra, is provided a unique IFSC like MAHG0005602 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Maharashtra Gramin Bank branch in Thane.
- 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 Thane and Belavali.
- 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 Belavali do not get misguided to another person.
Format of the IFSC Code MAHG0005602
This is the format of the IFSC Code for banks, including Maharashtra Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Maharashtra Gramin Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Belavali in Thane.
For example, the IFSC Code MAHG0005602 of Maharashtra Gramin Bank for the Belavali branch includes these elements, identifying the bank and the branch location in Thane and Maharashtra accurately.
How to Find IFSC Code for Maharashtra Gramin Bank?
If you are looking for the IFSC Code MAHG0005602 of Maharashtra Gramin Bank for its Belavali branch located in Thane, the following methods can help:
Cheque Book
The cheque book that is issued by Maharashtra Gramin Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Maharashtra Gramin Bank branches in Thane and Belavali, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Maharashtra Gramin Bank and look for the branch locator section, then search for Belavali or Thane to get the exact IFSC Code MAHG0005602.
Mobile Banking App
If you use Maharashtra Gramin Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Maharashtra Gramin Bank and Thane, then it will provide you proper information.
How to Use IFSC Code MAHG0005602 for Online Transfers?
Once you have the IFSC Code MAHG0005602 for the Belavali branch of Maharashtra Gramin Bank in Thane, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MAHG0005602. 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 MAHG0005602.
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 Belavali in Thane, 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 Belavali, 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 Thane manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is MAHG0005602.
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 Belavali Tq Dist Thane located in Thane, Belavali, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.