IFSC Code of Maharashtra Gramin Bank, Mukindpur Newasa Phata Branch, Maharashtra

This page lists the IFSC code, branch address, contact number and fund-transfer information for Maharashtra Gramin Bank, MUKINDPUR NEWASA PHATA branch in MUKINDPUR NEWASA PHATA. The 11-digit IFSC MAHG0005406 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Maharashtra Gramin Bank at the MUKINDPUR NEWASA PHATA location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this 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 MUKINDPUR NEWASA PHATA branch, the IFSC MAHG0005406 breaks down as follows: MAHG identifies the bank, 0 is the reserved character, and 005406 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 Mukindpur Newasa Phata branch — IFSC MAHG0005406 — extends the bank's services to customers in and around Mukindpur Newasa Phata, Maharashtra.

Branch details at a glance

About the Mukindpur Newasa Phata branch

The Mukindpur Newasa Phata branch of Maharashtra Gramin Bank is situated at AT MUKINDPUR NEWASA PHATA TQ DIST AHMEDNAGAR. 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 MAHG0005406 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 MUKINDPUR NEWASA PHATA branch came to be assigned the code MAHG0005406.

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 MAHG0005406, money simply cannot be routed to the MUKINDPUR NEWASA PHATA branch electronically.

Products and account variants supported

Every account opened at the Mukindpur Newasa Phata branch is mapped to IFSC MAHG0005406 on the RBI payments network. The branch generally supports the full retail product catalogue of Maharashtra Gramin Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains MAHG0005406.

Products and services

Customers walking into the Mukindpur Newasa Phata branch can access most of Maharashtra Gramin Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC MAHG0005406

How to transfer money using IFSC MAHG0005406

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 MAHG0005406 across all three.

How to use IFSC MAHG0005406 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Maharashtra Gramin Bank's MUKINDPUR NEWASA PHATA branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC MAHG0005406.
4. Confirm the bank name auto-populates as Maharashtra Gramin Bank and the branch as MUKINDPUR NEWASA PHATA.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to MUKINDPUR NEWASA PHATA

If you need to transfer ₹2 lakh or more in one go to an account at Maharashtra Gramin Bank's MUKINDPUR NEWASA PHATA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHG0005406 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Maharashtra Gramin Bank – MUKINDPUR NEWASA PHATA, use IMPS. With IFSC MAHG0005406 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

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

All three modes accept the IFSC MAHG0005406 for Maharashtra Gramin Bank – MUKINDPUR NEWASA PHATA, 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 Mukindpur Newasa Phata 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 MUKINDPUR NEWASA PHATA branch, the IFSC MAHG0005406 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 Mukindpur Newasa Phata 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 MAHG0005406 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 Mukindpur Newasa Phata branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MAHG0005406 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 – MUKINDPUR NEWASA PHATA:

• The IFSC is exactly MAHG0005406 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 MUKINDPUR NEWASA PHATA 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.

Reaching the branch

The Mukindpur Newasa Phata branch sits at AT MUKINDPUR NEWASA PHATA TQ DIST AHMEDNAGAR. If you are travelling from outside Mukindpur Newasa Phata, search for the branch on a maps application using the bank name and locality, or call 2427-244080 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC MAHG0005406 and your account number.

Verifying IFSC MAHG0005406 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 MAHG0005406 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 2427-244080.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Mukindpur Newasa Phata 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 MAHG0005406 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code MAHG0005406 belongs to Maharashtra Gramin Bank's MUKINDPUR NEWASA PHATA branch, located at AT MUKINDPUR NEWASA PHATA TQ DIST AHMEDNAGAR in MUKINDPUR NEWASA PHATA, 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.