What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Maharashtra Gramin Bank Bhavsar Chowk Nanded Nanded Branch IFSC/MICR Code Details
Bank Name Maharashtra Gramin Bank
Address AT BHAVSAR CHOWK NANDED TQ NANDED DIST NANDED
State MAHARASHTRA
District NANDED
Branch BHAVSAR CHOWK NANDED
IFSC Code MAHG0004162
Branch Code 004162 (Last six characters of IFSC code represent Branch code.)
MICR Code 431570103
Contact Phone 266472
via https://bankingzone.in/ifsc

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