Maharashtra Gramin Bank BASMAT Branch IFSC Code

MAHG 0004217
Maharashtra Gramin Bank Logo Maharashtra Gramin Bank
BASMAT — HINGOLI, MAHARASHTRA
MICR: 431570659 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✗

Branch Details

Bank
Maharashtra Gramin Bank
Branch
BASMAT
IFSC Code
MAHG0004217
MICR Code
431570659
Address
AT BASMAT TQ BASMAT DIST HINGOLI
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City
HINGOLI
District
BASMAT
State
MAHARASHTRA
Contact
+912454220817

How to Use This IFSC Code

NEFT Transfer

Use IFSC code MAHG0004217 to send money via NEFT to this branch. NEFT transfers are processed in hourly batches during working hours. No minimum amount required.

RTGS Transfer

This branch supports RTGS for high-value instant transfers above ₹2 lakhs. Use the same IFSC code MAHG0004217.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code MAHG0004217.

IFSC Code Structure

M
A
H
G
0
0
0
4
2
1
7
  • MAHG — Bank code (Maharashtra Gramin Bank)
  • 0 — Reserved (always 0)
  • 004217 — Branch code (BASMAT)

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Frequently Asked Questions

Is MAHG0004217 valid for online transfer?
Yes, MAHG0004217 is a valid IFSC code for Maharashtra Gramin Bank BASMAT branch in HINGOLI, MAHARASHTRA. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does MAHG0004217 belong to?
MAHG0004217 belongs to Maharashtra Gramin Bank. The first 4 characters "MAHG" identify the bank.
What is the MICR code for this branch?
The MICR code for Maharashtra Gramin Bank BASMAT is 431570659. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using MAHG0004217?
Yes, this branch supports RTGS (Real Time Gross Settlement). RTGS is used for high-value instant transfers above ₹2 lakhs. Available on working days during RBI specified hours.