Maharashtra Gramin Bank IFSC code


Maharashtra Gramin Bank, a key Regional Rural Bank (RRB) in Maharashtra, was established to drive economic empowerment and financial inclusion across rural areas. The head office of Maharashtra Gramin Bank is situated in Golwadi, Aurangabad. Besides head office there are also other Maharashtra Gramin Bank branches and regional offices to serve the banking needs of rural areas of Maharashtra.

Using the Maharashtra Gramin Bank IFSC codes, customers can conduct digital transactions, supporting the bank’s mission to foster economic growth across Maharashtra’s rural communities.

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Table of Contents:

IFSC Code of Maharashtra Gramin Bank

The details below of the Maharashtra Gramin Bank are essential for enabling secure and efficient online transactions in the head branch in Aurangabad.

Bank Maharashtra Gramin Bank IFSC code
Branch Head Office - Golwadi, Aurangabad
IFSC Code MAHG0005141
MICR Code 431570518
Branch Code 5141

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Note: The information provided here is intended to help users make secure and accurate transactions with Maharashtra Gramin Bank’s Panvadod branch.

Maharashtra Gramin Bank IFSC Code List

Let’s go through the Maharashtra Gramin Bank IFSC codes of major cities from below:

Bank Branch IFSC Code
Service Branch Golwadi MAHG0004001
Golwadi (Head Office) MAHG0005141
Nanded (Regional Office) MAHG0004100
Panvadod MAHG0005112
Parbhani (Regional Office) MAHG0004200

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Note: Please verify the IFSC codes and branch details with Maharashtra Gramin Bank or an official source before proceeding with any transactions, as codes may occasionally be updated.

For the IFSC codes of every bank branch, check for the Maharashtra Gramin Bank branch list from the branch locator provided on the official website of the bank.
Once you have the branch name, search for it on the RBI IFSC code finder to get your Maharashtra Gramin Bank IFSC code for your branch.

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Maharashtra Gramin Bank IFSC Code Structure

The IFSC code for Maharashtra Gramin Bank follows a structured format that identifies the bank, branch, and specific location, making it essential for secure and efficient online transactions.Below is the breakdown of the IFSC code structure for Maharashtra Gramin Bank:

M A H G 0 0 0 5 1 1 2
Bank Code 0 Branch Code
Note: The first four characters (MAHG) represent the bank code, uniquely identifying Maharashtra Gramin Bank. The fifth character is always a zero (0), reserved for future use.

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About Maharashtra Gramin Bank

Maharashtra Gramin Bank, a prominent Regional Rural Bank (RRB) in Maharashtra, plays a major role in driving economic growth and providing accessible banking services across the state’s rural areas. Despite being an RRB, Maharashtra Gramin Bank (MGB) offers a comprehensive range of Public Sector Bank (PSB) services, enabling financial inclusion in underserved regions. With a strong focus on economic empowerment, MGB provides essential financial assistance to sectors such as Agriculture, MSMEs, education, housing, and micro-credit, while also supporting weaker sections and SC/ST communities.

Understanding IFSC
Managed by the Reserve Bank of India (RBI), the Indian Financial System Code (IFSC) uniquely identifies each bank branch in India participating in electronic payment systems like NEFT, RTGS, and IMPS.

Importance of Maharashtra Gramin Bank IFSC Code

An IFSC (Indian Financial System Code) is a unique 11-digit alphanumeric code that identifies a bank branch in India. For Maharashtra Gramin Bank, this code is crucial for several reasons:

  1. Facilitating Electronic Transactions:The IFSC code is crucial for initiating digital fund transfers, such as NEFT, RTGS, and IMPS, which require accurate identification of both the bank and branch.
    • NEFT (National Electronic Funds Transfer):This system allows for electronic transfer of funds between banks across India. The IFSC code ensures accurate routing of funds.
    • RTGS (Real-Time Gross Settlement):For large-value transactions, the IFSC code is essential for real-time processing.
    • IMPS (Immediate Payment Service):This system enables instant fund transfers, and the IFSC code plays a key role in identifying the beneficiary bank and branch.
  2. Cheque Clearing: The IFSC code is used to route cheques to the correct bank branch for clearing and settlement.
  3. Identifying Bank Branches: The IFSC code helps identify the specific branch of Maharashtra Gramin Bank where a customer's account is held.
  4. Ensuring Accurate Transactions: The IFSC code minimizes errors in fund transfers and ensures that funds reach the intended recipient.

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Frequently Asked Questions

Maharashtra Gramin Bank was formed after the merger of Marathwada Gramin Bank and Aurangabad Jalna Gramin Bank.

The IFSC code for Maharashtra Gramin Bank varies by branch. For a specific branch, you would need to look up the exact IFSC code, as each branch has a unique identifier.

The IFSC code for Maharashtra Gramin Bank’s Madhi branch can be found by referring to the bank’s official website or verified banking directories, as IFSC codes are unique to each branch and may be updated occasionally.

No, Maharashtra Gramin Bank is not considered a national bank; it is a Regional Rural Bank (RRB) specifically catering to rural areas in Maharashtra.

Yes, Regional Rural Banks (RRBs) like Maharashtra Gramin Bank are government-owned and supported by both the central government and sponsor banks.

Yes, Maharashtra Gramin Bank is classified as a scheduled bank, meaning it is included in the Second Schedule of the Reserve Bank of India Act, 1934, which allows it to access facilities provided by the RBI.

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