Maharashtra Gramin Bank Makhamalabad IFSC Code
Maharashtra Gramin Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · Used for Cheque Clearance
Branch
Makhamalabad
Address
Pingle Plaza Yesh Cyber Cafe Beside Irregation Colony Makhamalabad Mhasrul Link Road Makhamalabad 422003
View on Google MapsDistrict
Nasik
State
Maharashtra
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Other Maharashtra Gramin Bank Branches in Nasik
4 nearby branches — click to view IFSC
Nasik Regional Office (floor Suchita Nagar Near Ind - 5700)
Maharashtra Gramin Bank Regional Office Gaikwad Corner First Floor Suchita Nagar Near Indira Nagar Joging Track Mumbai Agra Highway Nasik 422009
Nasik (at Nasik Tq Dist Nasik - 5701)
At Nasik Tq Dist Nasik
Cidco Nasik (1 Abhiyanta Nagar Cidco Nasi - 5712)
Saijyot Co Op Housing Society Survey No 1018 2 Plot No 1 Abhiyanta Nagar Cidco Nasik 422009
Chandsi (maharashtra Gramin Bank - 5715)
Maharashtra Gramin Bank, Chandsi Branch, Shop No. 3,4,5 & 6 Aaraddhya Presidency At & Po. Chandsi Taluka And District Nasik 422003
Frequently Asked Questions
About Maharashtra Gramin Bank Makhamalabad (mhasrul Link Road Makhamalab - 5711), Nasik
The IFSC code MAHG0005711 (lowercase: mahg0005711) belongs to Maharashtra Gramin Bank, specifically the Makhamalabad (mhasrul Link Road Makhamalab - 5711) branch located in Nasik, Maharashtra.
The 5th character in the IFSC code MAHG0005711 is a zero (0), not the letter 'O'. The correct format is MAHG0005711 (lowercase: mahg0005711), and not MAHGO005711. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of Maharashtra Gramin Bank Makhamalabad (mhasrul Link Road Makhamalab - 5711) in Nasik, Maharashtra is MAHG0005711. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
Maharashtra Gramin Bank Makhamalabad (mhasrul Link Road Makhamalab - 5711) is located at Pingle Plaza Yesh Cyber Cafe Beside Irregation Colony Makhamalabad Mhasrul Link Road Makhamalabad 422003, Nasik, Maharashtra. You can click the "View on Google Maps" button on this page to get directions.
The MICR (Magnetic Ink Character Recognition) code of Maharashtra Gramin Bank Makhamalabad (mhasrul Link Road Makhamalab - 5711) is 422570005. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.
Yes. IFSC code MAHG0005711 is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code MAHG0005711 by checking: (1) The top-left corner of any Maharashtra Gramin Bank Makhamalabad (mhasrul Link Road Makhamalab - 5711) cheque leaf, (2) The first page of your Maharashtra Gramin Bank passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: MAHG0005711
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
Swipe to see all
MAHG0005711
What Each Part Means
- Bank Code — MAHG
- The first 4 characters uniquely identify Maharashtra Gramin Bank at the national level. Every branch of Maharashtra Gramin Bank across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — 005711
- The final 6 characters 005711 uniquely identify this specific branch within the Maharashtra Gramin Bank network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | MAHG | Identifies Maharashtra Gramin Bank |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | 005711 | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
Maharashtra Gramin Bank
Makhamalabad (mhasrul Link Road Makhamalab - 5711), Nasik, Maharashtra
Cheque No.
00005711
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | MAHG0005711 | 422570005 |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.