Maharashtra Gramin Bank
VASANTRAO NAIK CHOWK LATUR BRANCH
+912382256708
Related Branches
Understanding IFSC Code: The Digital DNA of Maharashtra Gramin Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the VASANTRAO NAIK CHOWK LATUR
branch of Maharashtra Gramin Bank, the code MAHG0004344 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the MAHG0004344 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"MAHG" represents Maharashtra Gramin Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for VASANTRAO NAIK CHOWK LATUR
Payment Systems Supported by MAHG0004344
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—413570055—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Maharashtra Gramin Bank in VASANTRAO NAIK CHOWK LATUR typically follows the RBI holiday calendar. Digital transfers via MAHG0004344 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While MAHG0004344 is the valid code for VASANTRAO NAIK CHOWK LATUR at VASANTRAO NAIK CHOWK LATUR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Financial Tools
- • GST Calculator Online
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Branch Context
- • VASANTRAO NAIK CHOWK LATUR Contact
- • Address of Maharashtra Gramin Bank
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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