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Akola Urban Co-operative Bank

THE AKOLA URBAN CO-OPERATIVE BANK LTD- MALHARGANJ BRANCH BRANCH

+917312411668

IFSC CODE
YESB0AUB032
MICR Code
Branch Code AUB032
City / District INDORE
State MADHYA PRADESH
Office Address 19/2,DALIYA PATTI,MALHARGANJ,INDORE 452002
Phone +917312411668
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Akola Urban Co-operative Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the THE AKOLA URBAN CO-OPERATIVE BANK LTD- MALHARGANJ BRANCH branch of Akola Urban Co-operative Bank, the code YESB0AUB032 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 YESB0AUB032 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"YESB" represents Akola Urban Co-operative Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for THE AKOLA URBAN CO-OPERATIVE BANK LTD- MALHARGANJ BRANCH

Payment Systems Supported by YESB0AUB032

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——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 Akola Urban Co-operative Bank in INDORE typically follows the RBI holiday calendar. Digital transfers via YESB0AUB032 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 YESB0AUB032 is the valid code for THE AKOLA URBAN CO-OPERATIVE BANK LTD- MALHARGANJ BRANCH at INDORE, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Branch Context

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  • • MICR Code Finder
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Platform Links

  • • Anand Design DevBox
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  • • IFSC Finder v2.0

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