IFSC Code of Maharashtra Gramin Bank, Mhasavad Branch, Maharashtra

If you are searching for the IFSC code of Maharashtra Gramin Bank, MHASAVAD branch in SHAHADA, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is MAHG0006005. 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 MHASAVAD branch, and detailed step-by-step guides for using the IFSC MAHG0006005 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.

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, MAHG0006005 is the IFSC of Maharashtra Gramin Bank's MHASAVAD branch. The format is fixed: MAHG = bank code, 0 = reserved, 006005 = branch identifier.

About the bank

Maharashtra Gramin Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mhasavad branch in Shahada, Maharashtra is part of this network and uses the IFSC code MAHG0006005 for all electronic settlement.

Branch details at a glance

Mhasavad branch overview

Located at CITY SURVEY NO. 797, GRAMPANCHAYAT H.NO. 715, AT. POST MHASAVAD, TAL. SHAHADA, DIST NANDURBAR 425432, the Mhasavad branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MAHG0006005 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 MHASAVAD branch came to be assigned the code MAHG0006005.

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 MAHG0006005, money simply cannot be routed to the MHASAVAD branch electronically.

Products and account variants supported

Every account opened at the Mhasavad branch is mapped to IFSC MAHG0006005 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 MAHG0006005.

Products and services

Customers walking into the Mhasavad 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 MAHG0006005

How to transfer money using IFSC MAHG0006005

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 MAHG0006005 across all three.

NEFT to Maharashtra Gramin Bank, MHASAVAD using IFSC MAHG0006005

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 MAHG0006005, and confirm that the system picks up Maharashtra Gramin Bank – MHASAVAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to MHASAVAD

If you need to transfer ₹2 lakh or more in one go to an account at Maharashtra Gramin Bank's MHASAVAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MAHG0006005 while initiating the transfer and the credit will appear within minutes.

IMPS to Maharashtra Gramin Bank MHASAVAD (IFSC MAHG0006005)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MAHG0006005 in your mobile or internet banking app, and the money is credited to the MHASAVAD branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Mhasavad

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC MAHG0006005:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at MHASAVAD is still linked to IFSC MAHG0006005.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC MAHG0006005

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 – MHASAVAD is still mapped to IFSC MAHG0006005. 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 MAHG0006005 and the beneficiary's account number to complete the transfer.

Digital banking channels

Most day-to-day work that customers used to do at the Mhasavad 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 MAHG0006005 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 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 MAHG0006005 and the account number together uniquely identify the Mhasavad branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 – MHASAVAD:

• The IFSC is exactly MAHG0006005 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 MHASAVAD 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 Mhasavad branch sits at CITY SURVEY NO. 797, GRAMPANCHAYAT H.NO. 715, AT. POST MHASAVAD, TAL. SHAHADA, DIST NANDURBAR 425432. If you are travelling from outside Shahada, search for the branch on a maps application using the bank name and locality, or call 8805616047 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 MAHG0006005 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MAHG0006005 for Maharashtra Gramin Bank – MHASAVAD, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Mhasavad 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 MAHG0006005 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code MAHG0006005 belongs to Maharashtra Gramin Bank's MHASAVAD branch, located at CITY SURVEY NO. 797, GRAMPANCHAYAT H.NO. 715, AT. POST MHASAVAD, TAL. SHAHADA,… in SHAHADA, 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.