IFSC Code of Maharashtra Gramin Bank, Shivajinagar Sataraparisar Aurangabad Branch, Maharashtra

Use this page as a one-stop reference for everything related to Maharashtra Gramin Bank's SHIVAJINAGAR SATARAPARISAR AURANGABAD branch in SHIVAJINAGAR SATARAPARISAR AURANGABAD, MAHARASHTRA. The branch's IFSC code MAHG0005132 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 – SHIVAJINAGAR SATARAPARISAR AURANGABAD is MAHG0005132. The first four letters MAHG are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 005132 map to this branch in SHIVAJINAGAR SATARAPARISAR AURANGABAD, MAHARASHTRA.

Branch details at a glance

Bank profile

Maharashtra Gramin Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Shivajinagar Sataraparisar Aurangabad branch — IFSC MAHG0005132 — extends the bank's services to customers in and around Shivajinagar Sataraparisar Aurangabad, Maharashtra.

About the Shivajinagar Sataraparisar Aurangabad branch

The Shivajinagar Sataraparisar Aurangabad branch of Maharashtra Gramin Bank is situated at AT SHIVAJINAGAR SATARAPARISAR AURANGABAD TQ DIST AURANGABAD. 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 MAHG0005132 is used.

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 SHIVAJINAGAR SATARAPARISAR AURANGABAD of Maharashtra Gramin Bank — its own 11-character IFSC. The code MAHG0005132 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 MAHG0005132 the same way you would treat your account number — verify it once and save it carefully for future use.

How to transfer money using IFSC MAHG0005132

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 MAHG0005132 across all three.

How to use IFSC MAHG0005132 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Maharashtra Gramin Bank's SHIVAJINAGAR SATARAPARISAR AURANGABAD 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 MAHG0005132.
4. Confirm the bank name auto-populates as Maharashtra Gramin Bank and the branch as SHIVAJINAGAR SATARAPARISAR AURANGABAD.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC MAHG0005132

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 – SHIVAJINAGAR SATARAPARISAR AURANGABAD, ensure your bank's portal accepts IFSC MAHG0005132 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to Maharashtra Gramin Bank – SHIVAJINAGAR SATARAPARISAR AURANGABAD, use IMPS. With IFSC MAHG0005132 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Shivajinagar Sataraparisar Aurangabad

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 MAHG0005132:

• 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 SHIVAJINAGAR SATARAPARISAR AURANGABAD is still linked to IFSC MAHG0005132.

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 MAHG0005132

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 – SHIVAJINAGAR SATARAPARISAR AURANGABAD is still mapped to IFSC MAHG0005132. 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 MAHG0005132 and the beneficiary's account number to complete the transfer.

Account types you can open at the Shivajinagar Sataraparisar Aurangabad branch

Once you have an account at Maharashtra Gramin Bank – SHIVAJINAGAR SATARAPARISAR AURANGABAD, the IFSC MAHG0005132 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 Shivajinagar Sataraparisar Aurangabad branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 240-2451232.

• 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 MAHG0005132

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 MAHG0005132 and the account number together uniquely identify the Shivajinagar Sataraparisar Aurangabad branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Digital banking channels

Most day-to-day work that customers used to do at the Shivajinagar Sataraparisar Aurangabad 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 MAHG0005132 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.

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 – SHIVAJINAGAR SATARAPARISAR AURANGABAD:

• The IFSC is exactly MAHG0005132 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 SHIVAJINAGAR SATARAPARISAR AURANGABAD 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 Shivajinagar Sataraparisar Aurangabad branch

The branch is located at AT SHIVAJINAGAR SATARAPARISAR AURANGABAD TQ DIST AURANGABAD, which puts it inside Shivajinagar Sataraparisar Aurangabad, the broader Aurangabad district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Maharashtra Gramin Bank Shivajinagar Sataraparisar Aurangabad branch” — the verified location pin for IFSC MAHG0005132 should appear at the top of the results.
2. Confirm the branch is open by calling 240-2451232 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 MAHG0005132 and your account number.

Verifying IFSC MAHG0005132 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 MAHG0005132 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 240-2451232.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Shivajinagar Sataraparisar Aurangabad 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 MAHG0005132 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code MAHG0005132 belongs to Maharashtra Gramin Bank's SHIVAJINAGAR SATARAPARISAR AURANGABAD branch, located at AT SHIVAJINAGAR SATARAPARISAR AURANGABAD TQ DIST AURANGABAD in SHIVAJINAGAR SATARAPARISAR AURANGABAD, 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.