Deogiri Sahakari Bank Aurangabad
Deogiri Sahakari Bank Aurangabad IMPS BRANCH
+912402240212
Understanding IFSC Code: The Digital DNA of Deogiri Sahakari Bank Aurangabad
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the Deogiri Sahakari Bank Aurangabad IMPS
branch of Deogiri Sahakari Bank Aurangabad, the code DEOB0000001 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 DEOB0000001 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"DEOB" represents Deogiri Sahakari Bank Aurangabad
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for Deogiri Sahakari Bank Aurangabad IMPS
Payment Systems Supported by DEOB0000001
| 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—431582001—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 Deogiri Sahakari Bank Aurangabad in AURANGABAD typically follows the RBI holiday calendar. Digital transfers via DEOB0000001 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 DEOB0000001 is the valid code for Deogiri Sahakari Bank Aurangabad IMPS at AURANGABAD, 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
- • Deogiri Sahakari Bank Aurangabad IMPS Contact
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Platform Links
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- • IFSC Finder v2.0
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