If you are searching for the IFSC code of Maharashtra Gramin Bank, PARATWADA branch in AMRAVATI, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is MAHG0006303. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the PARATWADA branch, and detailed step-by-step guides for using the IFSC MAHG0006303 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Maharashtra Gramin Bank's PARATWADA branch, the IFSC MAHG0006303 breaks down as follows: MAHG identifies the bank, 0 is the reserved character, and 006303 identifies this particular branch.
Bank profile
Maharashtra Gramin Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Paratwada branch — IFSC MAHG0006303 — extends the bank's services to customers in and around Amravati, Maharashtra.
Branch details at a glance
| Bank Name | Maharashtra Gramin Bank |
|---|---|
| Branch | Paratwada |
| IFSC Code | MAHG0006303 |
| MICR Code | Refer to cheque leaf |
| Branch Address | C/O SHRISACHIN HARIBHAU DESHMUKH, DR DESHMUKH COMPLEX, MAIN ROAD, NEAR AXIS BANK, AT PO PARATWADA TQ PARATWADA DIST AMRAVATI- 444805 |
| City | Amravati |
| District | Amravati |
| State | Maharashtra |
| STD Code | 721 |
| Phone | 8793634326 |
Paratwada branch overview
Located at C/O SHRISACHIN HARIBHAU DESHMUKH, DR DESHMUKH COMPLEX, MAIN ROAD, NEAR AXIS BANK, AT PO PARATWADA TQ PARATWADA DIST AMRAVATI- 444805, the Paratwada branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MAHG0006303 is required for all interbank electronic transfers routed through this branch.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Maharashtra Gramin Bank's PARATWADA branch came to be assigned the code MAHG0006303.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC MAHG0006303, money simply cannot be routed to the PARATWADA branch electronically.
Account types you can open at the Paratwada branch
Once you have an account at Maharashtra Gramin Bank – PARATWADA, the IFSC MAHG0006303 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 Paratwada branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 721-8793634326.
- 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 MAHG0006303
How to transfer money using IFSC MAHG0006303
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 MAHG0006303 across all three.
NEFT to Maharashtra Gramin Bank, PARATWADA using IFSC MAHG0006303
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 MAHG0006303, and confirm that the system picks up Maharashtra Gramin Bank – PARATWADA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC MAHG0006303
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 – PARATWADA, ensure your bank's portal accepts IFSC MAHG0006303 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Maharashtra Gramin Bank PARATWADA (IFSC MAHG0006303)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MAHG0006303 in your mobile or internet banking app, and the money is credited to the PARATWADA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC MAHG0006303 for Maharashtra Gramin Bank – PARATWADA, 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 – MAHG0006303 | Yes – MAHG0006303 | Yes – MAHG0006303 |
For most retail customers crediting the Paratwada 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.
UPI payments and IFSC MAHG0006303
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Maharashtra Gramin Bank – PARATWADA is still mapped to IFSC MAHG0006303. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC MAHG0006303 and the beneficiary's account number to complete the transfer.
Online banking and IFSC MAHG0006303
Maharashtra Gramin Bank customers can register for net banking and the bank's official mobile app once their account at the PARATWADA 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 MAHG0006303 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 code & cheque clearing
Apart from IFSC, every cheque book issued by Maharashtra Gramin Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC MAHG0006303 and the account number together uniquely identify the Paratwada branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC MAHG0006303
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Maharashtra Gramin Bank – PARATWADA, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
MAHG0006303. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Paratwada branch
The branch is located at C/O SHRISACHIN HARIBHAU DESHMUKH, DR DESHMUKH COMPLEX, MAIN ROAD, NEAR AXIS BANK, AT PO PARATWADA TQ PARATWADA DIST AMRAVATI- 444805, which puts it inside Amravati, the broader Amravati district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Maharashtra Gramin Bank Paratwada branch” — the verified location pin for IFSC MAHG0006303 should appear at the top of the results.
- Confirm the branch is open by calling 721-8793634326 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 MAHG0006303 and your account number.
Verifying IFSC MAHG0006303 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 MAHG0006303 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 721-8793634326.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Paratwada branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MAHG0006303, however, work 24x7.
Branch address & contact
Maharashtra Gramin BankParatwada Branch
C/O SHRISACHIN HARIBHAU DESHMUKH, DR DESHMUKH COMPLEX, MAIN ROAD, NEAR AXIS BANK, AT PO PARATWADA TQ PARATWADA DIST AMRAVATI- 444805
Amravati, Maharashtra
Phone: 721-8793634326
IFSC: MAHG0006303
Frequently asked questions
Can I use IFSC MAHG0006303 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHG0006303 to send funds instantly.
Is IFSC MAHG0006303 valid for NEFT and RTGS?
Yes. IFSC MAHG0006303 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Maharashtra Gramin Bank Paratwada as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MAHG0006303, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Maharashtra Gramin Bank Paratwada branch located?
Maharashtra Gramin Bank's Paratwada branch is located at C/O SHRISACHIN HARIBHAU DESHMUKH, DR DESHMUKH COMPLEX, MAIN ROAD, NEAR AXIS BANK, AT PO PARATWADA TQ PARATWADA DIST AMRAVATI- 444805, Amravati, Maharashtra.
How quickly will an NEFT transfer using MAHG0006303 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Maharashtra Gramin Bank – Paratwada reflect within 30 minutes.
Is IFSC MAHG0006303 the same for all accounts at Paratwada branch?
Yes. The IFSC MAHG0006303 is shared by every account held at Maharashtra Gramin Bank's Paratwada branch. Only the account number changes from customer to customer.
What is the phone number of Maharashtra Gramin Bank Paratwada branch?
You can reach the branch at 721-8793634326 during regular banking hours.
Does Maharashtra Gramin Bank Paratwada branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 721-8793634326 to confirm.
Summary
The IFSC code MAHG0006303 belongs to Maharashtra Gramin Bank's PARATWADA branch, located at C/O SHRISACHIN HARIBHAU DESHMUKH, DR DESHMUKH COMPLEX, MAIN ROAD, NEAR AXIS… in AMRAVATI, 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.
