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Maharashtra Gramin Bank · Shekta

MAHG0005121: Maharashtra Gramin Bank, Shekta

IFSC code MAHG0005121 belongs to the Shekta branch of Maharashtra Gramin Bank in Shekta, Maharashtra. Its MICR code is 431570504.

IFSC
MAHG0005121
MICR
431570504
Bank
Maharashtra Gramin Bank
Branch
Shekta
District
Shekta
State
Maharashtra
Phone
+912402624454

Branch address

Maharashtra Gramin Bank
At Shekta TQ Dist Aurangabad

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Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPINot markedPayments by UPI ID or mobile number from apps

Reading this IFSC

MAHG is Maharashtra Gramin Bank's bank code, the fifth character 0 is kept for future use, and 005121 is the code of the Shekta branch. In the MICR code 431570504, 431 is the city, 570 the bank and 504 the branch.

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

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Common questions.

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  1. The IFSC of Maharashtra Gramin Bank's Shekta branch (Shekta, Maharashtra) is MAHG0005121.

  2. 431570504. MICR is printed at the bottom of the branch's cheques.

  3. At Shekta TQ Dist Aurangabad

  4. RBI's list shows this branch on NEFT, RTGS and IMPS. Use the IFSC MAHG0005121 with the beneficiary's account number.

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