BASMAT Branch
The IFSC code of MAHARASHTRA GRAMIN BANK BASMAT branch is MAHG0004217. This code is used for NEFT, RTGS, and IMPS fund transfers to this branch in BASMAT, MAHARASHTRA.
MAHG identifies MAHARASHTRA GRAMIN BANK, 0 is a reserved digit (always 0), and 004217 identifies the BASMAT branch. Together they form the 11-character IFSC code assigned by the Reserve Bank of India.
MAHARASHTRA GRAMIN BANK BASMAT branch is located at AT BASMAT TQ BASMAT DIST HINGOLI.
Yes, MAHG0004217 is valid for all electronic transfers: NEFT (24x7, batch settlement), RTGS (real-time, minimum Rs 2 lakh), IMPS (instant, 24x7, up to Rs 5 lakh), and UPI (IFSC is used internally for bank routing in all UPI transactions). Enter this code with the account number to transfer funds to MAHARASHTRA GRAMIN BANK BASMAT.
MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque clearing and processing. Unlike the IFSC code used for online transfers, the MICR code is printed at the bottom of your cheque leaf using magnetic ink and is read by automated clearing machines.
Based on RBI records, MAHG0004217 is an active IFSC code assigned to MAHARASHTRA GRAMIN BANK BASMAT in BASMAT, MAHARASHTRA. If you receive a transaction failure citing this IFSC, contact MAHARASHTRA GRAMIN BANK directly or verify on the RBI website, as codes may be updated following bank mergers or branch relocations.
Verify Before You Transfer
Always confirm the IFSC code directly with MAHARASHTRA GRAMIN BANK or the RBI before initiating a high-value transfer.
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