The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Abhyudaya Cooperative Bank Limited for its Aurangabad branch in Aurangabad, Aurangabad, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Abhyudaya Cooperative Bank Limited located in Aurangabad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ABHY0065113. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Abhyudaya Cooperative Bank Limited, Aurangabad, Aurangabad
Here are the key points that are associated with the IFSC Code ABHY0065113 of Abhyudaya Cooperative Bank Limited for its branch located in Aurangabad, within the district of Aurangabad in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Abhyudaya Cooperative Bank Limited |
| IFSC Code | ABHY0065113 |
| Branch | Aurangabad |
| City | Aurangabad |
| District | Aurangabad |
| State | Maharashtra |
| Address | Amdani Chambers, Ground Floor, New Gulmandi Road, Dalal Wadi, Aurangabad- 431 001. |
These details are important not only for users using online banking but also for businesses and individuals who use Abhyudaya Cooperative Bank Limited in Aurangabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ABHY0065113 for the Aurangabad branch of Abhyudaya Cooperative Bank Limited is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Abhyudaya Cooperative Bank Limited located in Aurangabad, Aurangabad, Maharashtra, are given a unique IFSC like ABHY0065113 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Aurangabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Aurangabad and Aurangabad.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Abhyudaya Cooperative Bank Limited in Aurangabad goes to the correct branch. This is important because Abhyudaya Cooperative Bank Limited has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ABHY0065113
The format of the IFSC Code for banks, including Abhyudaya Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Abhyudaya Cooperative Bank Limited, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Aurangabad in Aurangabad.
For example, the IFSC Code ABHY0065113 of Abhyudaya Cooperative Bank Limited for the Aurangabad branch has these elements, identifying the bank and the branch location in Aurangabad and Maharashtra correctly.
How to Find IFSC Code for Abhyudaya Cooperative Bank Limited?
To find the IFSC Code ABHY0065113 of Abhyudaya Cooperative Bank Limited for its Aurangabad branch located in Aurangabad, the following methods can help you out:
Cheque Book
The cheque book issued by Abhyudaya Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Abhyudaya Cooperative Bank Limited branches in Aurangabad and Aurangabad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Abhyudaya Cooperative Bank Limited and go to the branch locator section. Then search for Aurangabad or Aurangabad to find the exact IFSC Code ABHY0065113.
Mobile Banking App
If you use Abhyudaya Cooperative Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Abhyudaya Cooperative Bank Limited and Aurangabad will provide accurate information.
How to Use IFSC Code ABHY0065113 for Online Transfers?
Once you have the IFSC Code ABHY0065113 for the Aurangabad branch of Abhyudaya Cooperative Bank Limited in Aurangabad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ABHY0065113. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Abhyudaya Cooperative Bank Limited IFSC Code ABHY0065113.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Abhyudaya Cooperative Bank Limited Aurangabad in Aurangabad, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Abhyudaya Cooperative Bank Limited in Aurangabad, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Abhyudaya Cooperative Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Aurangabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Aurangabad Aurangabad branch is ABHY0065113.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Amdani Chambers, Ground Floor, New Gulmandi Road, Dalal Wadi, Aurangabad- 431 001..
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.