Use this page as a one-stop reference for everything related to Maharashtra Gramin Bank's BURHANNAGAR branch in AHMEDNAGAR, MAHARASHTRA. The branch's IFSC code MAHG0005408 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, MAHG0005408 is the IFSC of Maharashtra Gramin Bank's BURHANNAGAR branch. The format is fixed: MAHG = bank code, 0 = reserved, 005408 = branch identifier.
Bank profile
Maharashtra Gramin Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Burhannagar branch — IFSC MAHG0005408 — extends the bank's services to customers in and around Ahmednagar, Maharashtra.
Branch details at a glance
| Bank Name | Maharashtra Gramin Bank |
|---|---|
| Branch | Burhannagar |
| IFSC Code | MAHG0005408 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MAHARASHTRA GRAMIN BANK BURHANNAGAR BRANCH PLOT NO 17 SHRIRAM TAPOVAN ROAD AT PO BURHANNAGAR TALUKA DIST AHMEDNAGAR 414003 |
| City | Ahmednagar |
| District | Ahmednagar |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 25344059 |
About the Burhannagar branch
The Burhannagar branch of Maharashtra Gramin Bank is situated at MAHARASHTRA GRAMIN BANK BURHANNAGAR BRANCH PLOT NO 17 SHRIRAM TAPOVAN ROAD AT PO BURHANNAGAR TALUKA DIST AHMEDNAGAR 414003. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code MAHG0005408 is used.
Why every Maharashtra Gramin Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including BURHANNAGAR of Maharashtra Gramin Bank — its own 11-character IFSC. The code MAHG0005408 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC MAHG0005408 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Burhannagar branch
Once you have an account at Maharashtra Gramin Bank – BURHANNAGAR, the IFSC MAHG0005408 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Burhannagar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-25344059.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC MAHG0005408
How to transfer money using IFSC MAHG0005408
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC MAHG0005408 across all three.
NEFT to Maharashtra Gramin Bank, BURHANNAGAR using IFSC MAHG0005408
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC MAHG0005408, and confirm that the system picks up Maharashtra Gramin Bank – BURHANNAGAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC MAHG0005408
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Maharashtra Gramin Bank – BURHANNAGAR, ensure your bank's portal accepts IFSC MAHG0005408 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Maharashtra Gramin Bank BURHANNAGAR (IFSC MAHG0005408)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MAHG0005408 in your mobile or internet banking app, and the money is credited to the BURHANNAGAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC MAHG0005408 for Maharashtra Gramin Bank – BURHANNAGAR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – MAHG0005408 | Yes – MAHG0005408 | Yes – MAHG0005408 |
For most retail customers crediting the Burhannagar branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Maharashtra Gramin Bank's BURHANNAGAR branch, the IFSC MAHG0005408 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Online banking and IFSC MAHG0005408
Maharashtra Gramin Bank customers can register for net banking and the bank's official mobile app once their account at the BURHANNAGAR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC MAHG0005408 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
MICR & cheque-truncation details
Cheques drawn on the Burhannagar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MAHG0005408 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Maharashtra Gramin Bank – BURHANNAGAR:
- The IFSC is exactly MAHG0005408 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Maharashtra Gramin Bank as the bank name and BURHANNAGAR as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
How to reach the Burhannagar branch
The branch is located at MAHARASHTRA GRAMIN BANK BURHANNAGAR BRANCH PLOT NO 17 SHRIRAM TAPOVAN ROAD AT PO BURHANNAGAR TALUKA DIST AHMEDNAGAR 414003, which puts it inside Ahmednagar, the broader Ahmednagar district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Maharashtra Gramin Bank Burhannagar branch” — the verified location pin for IFSC MAHG0005408 should appear at the top of the results.
- Confirm the branch is open by calling 22-25344059 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC MAHG0005408 and your account number.
Verifying IFSC MAHG0005408 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm MAHG0005408 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-25344059.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Burhannagar are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to MAHG0005408 continue to work without interruption.
Branch address & contact
Maharashtra Gramin BankBurhannagar Branch
MAHARASHTRA GRAMIN BANK BURHANNAGAR BRANCH PLOT NO 17 SHRIRAM TAPOVAN ROAD AT PO BURHANNAGAR TALUKA DIST AHMEDNAGAR 414003
Ahmednagar, Maharashtra
Phone: 22-25344059
IFSC: MAHG0005408
Frequently asked questions
What is the IFSC code of Maharashtra Gramin Bank Burhannagar branch?
The IFSC code of Maharashtra Gramin Bank, Burhannagar branch is MAHG0005408. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Maharashtra Gramin Bank Burhannagar branch?
You can reach the branch at 22-25344059 during regular banking hours.
Where is Maharashtra Gramin Bank Burhannagar branch located?
Maharashtra Gramin Bank's Burhannagar branch is located at MAHARASHTRA GRAMIN BANK BURHANNAGAR BRANCH PLOT NO 17 SHRIRAM TAPOVAN ROAD AT PO BURHANNAGAR TALUKA DIST AHMEDNAGAR 414003, Ahmednagar, Maharashtra.
Does Maharashtra Gramin Bank Burhannagar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-25344059 to confirm.
How do I add Maharashtra Gramin Bank Burhannagar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MAHG0005408, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Burhannagar branch but serve different purposes.
Is IFSC MAHG0005408 valid for NEFT and RTGS?
Yes. IFSC MAHG0005408 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code MAHG0005408 belongs to Maharashtra Gramin Bank's BURHANNAGAR branch, located at MAHARASHTRA GRAMIN BANK BURHANNAGAR BRANCH PLOT NO 17 SHRIRAM TAPOVAN ROAD AT… in AHMEDNAGAR, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
