Ahmednagar Merchant's Co-operative Bank
Ahmednagar Merchant's Co-operative Bank IMPS BRANCH
+9124124144411
Understanding IFSC Code: The Digital DNA of Ahmednagar Merchant's Co-operative Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the Ahmednagar Merchant's Co-operative Bank IMPS
branch of Ahmednagar Merchant's Co-operative Bank, the code HDFC0CMBANK 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 HDFC0CMBANK Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"HDFC" represents Ahmednagar Merchant's Co-operative Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for Ahmednagar Merchant's Co-operative Bank IMPS
Payment Systems Supported by HDFC0CMBANK
| 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—414803002—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 Merchant's Co-operative Bank in AHMADNAGAR typically follows the RBI holiday calendar. Digital transfers via HDFC0CMBANK 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 HDFC0CMBANK is the valid code for Ahmednagar Merchant's Co-operative Bank IMPS at AHMADNAGAR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Financial Tools
- • GST Calculator Online
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Branch Context
- • Ahmednagar Merchant's Co-operative Bank IMPS Contact
- • Address of Ahmednagar Merchant's Co-operative Bank
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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