Ahmednagar Merchants Co-operative Bank
MARKET YARD BRANCH
+912412322222
Understanding IFSC Code: The Digital DNA of Ahmednagar Merchants Co-operative Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the MARKET YARD
branch of Ahmednagar Merchants Co-operative Bank, the code AMDN0000102 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the AMDN0000102 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"AMDN" represents Ahmednagar Merchants Co-operative Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for MARKET YARD
Payment Systems Supported by AMDN0000102
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—414776003—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Ahmednagar Merchants Co-operative Bank in AHMEDANGAR typically follows the RBI holiday calendar. Digital transfers via AMDN0000102 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While AMDN0000102 is the valid code for MARKET YARD at AHMEDANGAR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Financial Tools
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Branch Context
- • MARKET YARD Contact
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Platform Links
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