Maharashtra Gramin Bank IFSC Code MAHG0005132

Maharashtra Gramin Bank – SHIVAJINAGAR SATARAPARISAR AURANGABAD

IFSC Code: MAHG0005132

MICR Code: 124016887

Branch: SHIVAJINAGAR SATARAPARISAR AURANGABAD

Bank: Maharashtra Gramin Bank

Address: AT SHIVAJINAGAR SATARAPARISAR AURANGABAD TQ DIST AURANGABAD

District: AURANGABAD

State: MAHARASHTRA

Contact: +912402451232

Indian Financial System Code (IFSC): MAHG0005132

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

• The first four characters represent the bank name.
• The fifth character is always ‘0’ and is reserved for future use.
• Branch Code 005132. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 124016887

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.