IFSC Code of Abhyudaya Cooperative Bank, Laxmi Road Branch, Maharashtra

This page lists the IFSC code, branch address, contact number and fund-transfer information for Abhyudaya Cooperative Bank, LAXMI ROAD branch in PUNE. The 11-digit IFSC ABHY0065103 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Abhyudaya Cooperative Bank at the LAXMI ROAD location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Abhyudaya Cooperative Bank's LAXMI ROAD branch, the IFSC ABHY0065103 breaks down as follows: ABHY identifies the bank, 0 is the reserved character, and 065103 identifies this particular branch.

Branch details at a glance

About the bank

Abhyudaya Cooperative Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Laxmi Road branch in Pune, Maharashtra is part of this network and uses the IFSC code ABHY0065103 for all electronic settlement.

About this branch

The branch is located at 867, BUDHWAR PETH, LAXMI ROAD, PUNE-411002. It serves the Pune region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Abhyudaya Cooperative Bank. The IFSC ABHY0065103 is used to identify this branch on the RBI payments network.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Abhyudaya Cooperative Bank's LAXMI ROAD branch came to be assigned the code ABHY0065103.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC ABHY0065103, money simply cannot be routed to the LAXMI ROAD branch electronically.

How to transfer money using IFSC ABHY0065103

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC ABHY0065103 across all three.

NEFT to Abhyudaya Cooperative Bank, LAXMI ROAD using IFSC ABHY0065103

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC ABHY0065103, and confirm that the system picks up Abhyudaya Cooperative Bank – LAXMI ROAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to LAXMI ROAD

If you need to transfer ₹2 lakh or more in one go to an account at Abhyudaya Cooperative Bank's LAXMI ROAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC ABHY0065103 while initiating the transfer and the credit will appear within minutes.

IMPS to Abhyudaya Cooperative Bank LAXMI ROAD (IFSC ABHY0065103)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC ABHY0065103 in your mobile or internet banking app, and the money is credited to the LAXMI ROAD branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Laxmi Road

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC ABHY0065103:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at LAXMI ROAD is still linked to IFSC ABHY0065103.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC ABHY0065103

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Abhyudaya Cooperative Bank – LAXMI ROAD is still mapped to IFSC ABHY0065103. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC ABHY0065103 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Laxmi Road branch is mapped to IFSC ABHY0065103 on the RBI payments network. The branch generally supports the full retail product catalogue of Abhyudaya Cooperative Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains ABHY0065103.

Banking services available

The Laxmi Road branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 20-24470805.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC ABHY0065103

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Abhyudaya Cooperative Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC ABHY0065103 and the account number together uniquely identify the Laxmi Road branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC ABHY0065103

Abhyudaya Cooperative Bank customers can register for net banking and the bank's official mobile app once their account at the LAXMI ROAD branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC ABHY0065103 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Abhyudaya Cooperative Bank – LAXMI ROAD:

• The IFSC is exactly ABHY0065103 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Abhyudaya Cooperative Bank as the bank name and LAXMI ROAD as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

How to reach the Laxmi Road branch

The branch is located at 867, BUDHWAR PETH, LAXMI ROAD, PUNE-411002, which puts it inside Pune, the broader Pune district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Abhyudaya Cooperative Bank Laxmi Road branch” — the verified location pin for IFSC ABHY0065103 should appear at the top of the results.
2. Confirm the branch is open by calling 20-24470805 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC ABHY0065103 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC ABHY0065103 for Abhyudaya Cooperative Bank – LAXMI ROAD, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Laxmi Road branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC ABHY0065103, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: ABHY0065103 is the IFSC code of Abhyudaya Cooperative Bank, LAXMI ROAD branch, in PUNE, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.