IFSC Code of Maharashtra Gramin Bank, Shelgaon Bazar Branch, Maharashtra

Use this page as a one-stop reference for everything related to Maharashtra Gramin Bank's SHELGAON BAZAR branch in BULDANA, MAHARASHTRA. The branch's IFSC code MAHG0006410 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.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Maharashtra Gramin Bank – SHELGAON BAZAR is MAHG0006410. The first four letters MAHG are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 006410 map to this branch in BULDANA, MAHARASHTRA.

Bank profile

Maharashtra Gramin Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Shelgaon Bazar branch — IFSC MAHG0006410 — extends the bank's services to customers in and around Buldana, Maharashtra.

Branch details at a glance

About the Shelgaon Bazar branch

The Shelgaon Bazar branch of Maharashtra Gramin Bank is situated at NEAR GRAM PANCHAAT SHELGAON BAZAR, AT PO SHEGAON-BAJAR, TQ MOTALA DIST BULDHANA - 443102. 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 MAHG0006410 is used.

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 SHELGAON BAZAR branch came to be assigned the code MAHG0006410.

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 MAHG0006410, money simply cannot be routed to the SHELGAON BAZAR branch electronically.

Account types you can open at the Shelgaon Bazar branch

Once you have an account at Maharashtra Gramin Bank – SHELGAON BAZAR, the IFSC MAHG0006410 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 Shelgaon Bazar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 7262-9370927314.

• 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 MAHG0006410

How to transfer money using IFSC MAHG0006410

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 MAHG0006410 across all three.

NEFT to Maharashtra Gramin Bank, SHELGAON BAZAR using IFSC MAHG0006410

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 MAHG0006410, and confirm that the system picks up Maharashtra Gramin Bank – SHELGAON BAZAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to SHELGAON BAZAR

If you need to transfer ₹2 lakh or more in one go to an account at Maharashtra Gramin Bank's SHELGAON BAZAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHG0006410 while initiating the transfer and the credit will appear within minutes.

IMPS to Maharashtra Gramin Bank SHELGAON BAZAR (IFSC MAHG0006410)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MAHG0006410 in your mobile or internet banking app, and the money is credited to the SHELGAON BAZAR branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC MAHG0006410 for Maharashtra Gramin Bank – SHELGAON BAZAR, 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.

For most retail customers crediting the Shelgaon Bazar 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 SHELGAON BAZAR branch, the IFSC MAHG0006410 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.

Digital banking channels

Most day-to-day work that customers used to do at the Shelgaon Bazar branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC MAHG0006410 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

MICR & cheque-truncation details

Cheques drawn on the Shelgaon Bazar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MAHG0006410 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 – SHELGAON BAZAR:

• The IFSC is exactly MAHG0006410 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 SHELGAON BAZAR 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 Shelgaon Bazar branch

The branch is located at NEAR GRAM PANCHAAT SHELGAON BAZAR, AT PO SHEGAON-BAJAR, TQ MOTALA DIST BULDHANA - 443102, which puts it inside Buldana, the broader Buldana district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Maharashtra Gramin Bank Shelgaon Bazar branch” — the verified location pin for IFSC MAHG0006410 should appear at the top of the results.
2. Confirm the branch is open by calling 7262-9370927314 before stepping out, especially around public holidays.
3. 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 MAHG0006410 and your account number.

Verifying IFSC MAHG0006410 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 MAHG0006410 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 7262-9370927314.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Shelgaon Bazar 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 MAHG0006410 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code MAHG0006410 belongs to Maharashtra Gramin Bank's SHELGAON BAZAR branch, located at NEAR GRAM PANCHAAT SHELGAON BAZAR, AT PO SHEGAON-BAJAR, TQ MOTALA DIST… in BULDANA, 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.