If you are searching for the IFSC code of Maharashtra Gramin Bank, BHUGAON branch in PUNE, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is MAHG0004620. 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 BHUGAON branch, and detailed step-by-step guides for using the IFSC MAHG0004620 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 BHUGAON branch, the IFSC MAHG0004620 breaks down as follows: MAHG identifies the bank, 0 is the reserved character, and 004620 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 Bhugaon branch — IFSC MAHG0004620 — extends the bank's services to customers in and around Pune, Maharashtra.
About the Bhugaon branch
The Bhugaon branch of Maharashtra Gramin Bank is situated at HOUSE NO 862 PUNE PAUD ROAD BHUGAON PO BHUGAON TALUKA MULSHI. 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 MAHG0004620 is used.
Branch details at a glance
| Bank Name | Maharashtra Gramin Bank |
|---|---|
| Branch | Bhugaon |
| IFSC Code | MAHG0004620 |
| MICR Code | Refer to cheque leaf |
| Branch Address | HOUSE NO 862 PUNE PAUD ROAD BHUGAON PO BHUGAON TALUKA MULSHI |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 25344059 |
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 BHUGAON of Maharashtra Gramin Bank — its own 11-character IFSC. The code MAHG0004620 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 MAHG0004620 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Bhugaon branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MAHG0004620 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC MAHG0004620
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 MAHG0004620 across all three.
NEFT to Maharashtra Gramin Bank, BHUGAON using IFSC MAHG0004620
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 MAHG0004620, and confirm that the system picks up Maharashtra Gramin Bank – BHUGAON. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to BHUGAON
If you need to transfer ₹2 lakh or more in one go to an account at Maharashtra Gramin Bank's BHUGAON branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHG0004620 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 – BHUGAON, use IMPS. With IFSC MAHG0004620 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 MAHG0004620 for Maharashtra Gramin Bank – BHUGAON, 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 – MAHG0004620 | Yes – MAHG0004620 | Yes – MAHG0004620 |
For most retail customers crediting the Bhugaon 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 MAHG0004620
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 – BHUGAON is still mapped to IFSC MAHG0004620. 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 MAHG0004620 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Bhugaon branch is mapped to IFSC MAHG0004620 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 MAHG0004620.
Products and services
Customers walking into the Bhugaon 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 MAHG0004620
Online banking and IFSC MAHG0004620
Maharashtra Gramin Bank customers can register for net banking and the bank's official mobile app once their account at the BHUGAON 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 MAHG0004620 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.
How to reach the Bhugaon branch
The branch is located at HOUSE NO 862 PUNE PAUD ROAD BHUGAON PO BHUGAON TALUKA MULSHI, which puts it inside Pune, the broader Pune district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Maharashtra Gramin Bank Bhugaon branch” — the verified location pin for IFSC MAHG0004620 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 MAHG0004620 and your account number.
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 – BHUGAON:
- The IFSC is exactly MAHG0004620 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 BHUGAON 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.
Working hours
Branch counters at Bhugaon 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 MAHG0004620 continue to work without interruption.
Verifying IFSC MAHG0004620 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 MAHG0004620 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.
Branch address & contact
Maharashtra Gramin BankBhugaon Branch
HOUSE NO 862 PUNE PAUD ROAD BHUGAON PO BHUGAON TALUKA MULSHI
Pune, Maharashtra
Phone: 22-25344059
IFSC: MAHG0004620
Frequently asked questions
Can I use IFSC MAHG0004620 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MAHG0004620 to send funds instantly.
How do I add Maharashtra Gramin Bank Bhugaon as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MAHG0004620, 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 Bhugaon branch but serve different purposes.
Is IFSC MAHG0004620 the same for all accounts at Bhugaon branch?
Yes. The IFSC MAHG0004620 is shared by every account held at Maharashtra Gramin Bank's Bhugaon branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using MAHG0004620 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Maharashtra Gramin Bank – Bhugaon reflect within 30 minutes.
What is the IFSC code of Maharashtra Gramin Bank Bhugaon branch?
The IFSC code of Maharashtra Gramin Bank, Bhugaon branch is MAHG0004620. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Maharashtra Gramin Bank Bhugaon branch located?
Maharashtra Gramin Bank's Bhugaon branch is located at HOUSE NO 862 PUNE PAUD ROAD BHUGAON PO BHUGAON TALUKA MULSHI, Pune, Maharashtra.
Final notes
To recap: MAHG0004620 is the IFSC code of Maharashtra Gramin Bank, BHUGAON branch, in PUNE, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
