IFSC Code MAHG0006216 - Maharashtra Gramin Bank Akot
C/O SHRIVISHNUDAS BALKRUSHNA MENDHE YATRA CHOWK OPP SHRINIWAS TALKIES AKOT TQ AKOTDIST AKOLA - 444101
Quick Info
IFSC: MAHG0006216
Pincode: 444101
District: Akola
Status: Active
About Maharashtra Gramin Bank Akot
IFSC Code MAHG0006216 belongs to Maharashtra Gramin Bank Akot branch located in Akola, Akola, Maharashtra. This branch serves customers in Akola, Akola, Maharashtra and surrounding areas.
Understanding IFSC Code MAHG0006216
The IFSC (Indian Financial System Code) MAHG0006216 is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify this specific bank branch. The code structure follows a specific format:
- First 4 characters (MAHG): Bank code identifying Maharashtra Gramin Bank
- 5th character (0): Reserved for future use (always 0)
- Last 6 characters (006216): Unique branch identifier for Akot
Electronic Fund Transfer Services
IFSC Code MAHG0006216 is essential for all electronic fund transfers in India. This code ensures that money transfers are routed to the correct bank branch. The following payment systems use IFSC codes:
NEFT (National Electronic Funds Transfer)
Batch processing system for fund transfers. Available Yes at this branch.
Processing: Multiple batches daily, typically settles within 2 hours during banking hours.
RTGS (Real Time Gross Settlement)
Real-time fund transfer for high-value transactions (minimum ₹2 lakh). Available Yes at this branch.
Processing: Real-time settlement, typically within minutes during RTGS hours.
IMPS (Immediate Payment Service)
24/7 instant fund transfer service via mobile or internet banking. Available Yes at this branch.
Processing: Instant transfer, available 24/7 including holidays.
UPI (Unified Payments Interface)
Instant mobile payment system using UPI ID or QR code. Available Yes at this branch.
Processing: Instant transfer, available 24/7, no IFSC code needed for UPI transactions.
Branch Location and Accessibility
The Maharashtra Gramin Bank Akot branch is located at C/O SHRIVISHNUDAS BALKRUSHNA MENDHE YATRA CHOWK OPP SHRINIWAS TALKIES AKOT TQ AKOTDIST AKOLA - 444101 (Pincode: 444101) in Akola, Akola, Maharashtra. This location serves customers in Akola, Akola, Maharashtra and nearby areas. When initiating any electronic fund transfer to an account held at this branch, you must use IFSC Code MAHG0006216 to ensure the transaction is routed correctly.
How to Use IFSC Code MAHG0006216
When making online fund transfers to an account at this branch, you will need:
- IFSC Code: MAHG0006216 (for NEFT, RTGS, IMPS)
- Account Number: The recipient's account number
- Account Holder Name: As registered with the bank
Finding Other Maharashtra Gramin Bank Branches
If you're looking for other Maharashtra Gramin Bank branches in Akola, Akola, Maharashtra or nearby areas, use our Maharashtra Gramin Bank branch finder. You can search by city, district, or state to find all Maharashtra Gramin Bank branches with their respective IFSC codes.
Branch Details
| IFSC Code: | MAHG0006216 |
| Bank Name: | Maharashtra Gramin Bank |
| Branch Name: | Akot |
| Address: | C/O SHRIVISHNUDAS BALKRUSHNA MENDHE YATRA CHOWK OPP SHRINIWAS TALKIES AKOT TQ AKOTDIST AKOLA - 444101 |
| City: | Akola |
| District: | Akola |
| State: | Maharashtra |
| Pincode: | 444101 |
Payment Services Available
Maharashtra Gramin Bank Akot Branch IFSC Code MAHG0006216 — Complete Banking Guide for Akola, Maharashtra
IFSC code MAHG0006216 belongs to the Akot branch of Maharashtra Gramin Bank in Akola, Akola district, Maharashtra. This 11-character code, assigned by the Reserve Bank of India, is mandatory for all digital fund transfers — NEFT, RTGS, IMPS, and UPI. Every payment initiated to an account at this branch must include IFSC MAHG0006216 to ensure accurate routing through India's centralised payment infrastructure. Providing an incorrect IFSC may delay or fail the transaction, so always verify the code before confirming any transfer.
About Maharashtra Gramin Bank, Akot Branch
The Akot branch of Maharashtra Gramin Bank in Akola, Maharashtra serves retail and corporate customers in Akola district with a full range of banking products. Services typically include savings and current accounts, fixed and recurring deposits, personal and home loans, vehicle finance, trade finance, locker facilities, and wealth management. The branch also supports digital banking — internet banking, mobile banking, UPI, and contactless debit/credit card issuance. Its IFSC MAHG0006216 is the key identifier for all fund transfers routed to accounts at this location through RBI's payment systems.
Payment Methods Using IFSC MAHG0006216
Four primary digital payment rails use IFSC MAHG0006216 for transfers to Maharashtra Gramin Bank, Akot: NEFT — batch-based, 48 half-hourly settlements daily, no minimum amount, ideal for regular transfers; RTGS — real-time, 24×7, minimum ₹2 lakh, used for high-value transactions; IMPS — instant, 24×7, up to ₹5 lakh, best for urgent transfers; UPI — uses Virtual Payment Address (VPA) linked to accounts at this branch, instant and zero-cost for most transactions. For each method, the sender's bank verifies IFSC MAHG0006216 against the RBI IFSC master list before processing the payment.
MICR Code and Branch Details
In addition to the IFSC, the Akot branch of Maharashtra Gramin Bank in Akola carries a MICR (Magnetic Ink Character Recognition) code — a 9-digit number printed on cheques that identifies the bank, city, and branch for cheque clearing through the MICR-based clearing system. While NEFT/RTGS/IMPS use the IFSC MAHG0006216 exclusively for electronic transfers, MICR remains relevant for paper-based cheque processing. Both codes are listed on this page for complete branch reference.
How to Verify IFSC MAHG0006216 Before Transferring
Before initiating any high-value transfer to IFSC MAHG0006216, verify the code through: (1) the RBI's official IFSC repository at rbi.org.in; (2) Maharashtra Gramin Bank's official website branch locator; (3) MahaFind's IFSC lookup — the page you are currently viewing. Cross-reference the branch address and bank name displayed here against the details provided by your recipient to confirm accuracy. A mismatch in even one character of the IFSC can reroute your transfer to a different branch entirely.
FAQs — Maharashtra Gramin Bank Akot, Akola IFSC
What is the IFSC of Maharashtra Gramin Bank Akot in Akola?
The IFSC of Maharashtra Gramin Bank, Akot branch in Akola, Maharashtra is MAHG0006216. Use this for NEFT, RTGS, IMPS, and UPI transfers to any account at this branch.
What is the minimum amount for NEFT to IFSC MAHG0006216?
There is no minimum amount for NEFT transfers. You can send as little as ₹1. RTGS requires a minimum of ₹2 lakh. IMPS supports up to ₹5 lakh per transaction. All three use IFSC MAHG0006216 to route funds to Maharashtra Gramin Bank, Akot, Akola.
Who assigns IFSC codes like MAHG0006216?
The Reserve Bank of India (RBI) assigns all IFSC codes in India. Maharashtra Gramin Bank applied for the IFSC for its Akot branch in Akola, and RBI issued MAHG0006216 as the unique identifier. The complete list of valid IFSCs is maintained in RBI's IFSC master directory.
Can I use IFSC MAHG0006216 for UPI payments?
UPI payments are linked to a Virtual Payment Address (VPA) rather than an IFSC directly, but the underlying account is mapped to IFSC MAHG0006216 at Maharashtra Gramin Bank, Akot, Akola. When sending money via NEFT/RTGS/IMPS to this branch's account holders, always use IFSC MAHG0006216.
About IFSC Code MAHG0006216
IFSC Code MAHG0006216 belongs to Maharashtra Gramin Bank branch Akot located in Akola, Akola, Maharashtra.
Branch Information
- IFSC Code: MAHG0006216
- Bank: Maharashtra Gramin Bank
- Branch: Akot
- Address: C/O SHRIVISHNUDAS BALKRUSHNA MENDHE YATRA CHOWK OPP SHRINIWAS TALKIES AKOT TQ AKOTDIST AKOLA - 444101
- City: Akola
- District: Akola
- State: Maharashtra
- Pincode: 444101
Payment Services
- NEFT: Available
- RTGS: Available
- IMPS: Available
- UPI: Available