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Maharashtra Gramin Bank · Gondia

MAHG0005506: Maharashtra Gramin Bank, Satgaon

IFSC code MAHG0005506 belongs to the Satgaon branch of Maharashtra Gramin Bank in Gondia, Maharashtra. Its MICR code is 424570502.

IFSC
MAHG0005506
MICR
424570502
Bank
Maharashtra Gramin Bank
Branch
Satgaon
District
Gondia
State
Maharashtra
Phone
+912596281555

Branch address

Maharashtra Gramin Bank
At Satgaon TQ Dist Jalgaon

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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 005506 is the code of the Satgaon branch. In the MICR code 424570502, 424 is the city, 570 the bank and 502 the branch.

Other Maharashtra Gramin Bank branches in Gondia

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.

01 FAQ

Common questions.

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  1. The IFSC of Maharashtra Gramin Bank's Satgaon branch (Gondia, Maharashtra) is MAHG0005506.

  2. 424570502. MICR is printed at the bottom of the branch's cheques.

  3. At Satgaon TQ Dist Jalgaon

  4. RBI's list shows this branch on NEFT, RTGS and IMPS. Use the IFSC MAHG0005506 with the beneficiary's account number.

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