Maharashtra Gramin Bank
SERVICE BRANCH NAGPUR BRANCH
+919403094692
Understanding IFSC Code: The Digital DNA of Maharashtra Gramin Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the SERVICE BRANCH NAGPUR
branch of Maharashtra Gramin Bank, the code MAHG0006711 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the MAHG0006711 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"MAHG" represents Maharashtra Gramin Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for SERVICE BRANCH NAGPUR
Payment Systems Supported by MAHG0006711
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—440570006—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Maharashtra Gramin Bank in NAGPUR typically follows the RBI holiday calendar. Digital transfers via MAHG0006711 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While MAHG0006711 is the valid code for SERVICE BRANCH NAGPUR at NAGPUR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Financial Tools
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Branch Context
- • SERVICE BRANCH NAGPUR Contact
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- • MICR Code Finder
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Platform Links
- • Anand Design DevBox
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