IFSC Code of Ahmednagar Merchants Cooperative Bank Limited, Kapad Bazar Branch, Maharashtra

This page lists the IFSC code, branch address, contact number and fund-transfer information for Ahmednagar Merchants Cooperative Bank Limited, KAPAD BAZAR branch in AHMEDANGAR. The 11-digit IFSC AMDN0000103 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 Ahmednagar Merchants Cooperative Bank Limited at the KAPAD BAZAR 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 Ahmednagar Merchants Cooperative Bank Limited's KAPAD BAZAR branch, the IFSC AMDN0000103 breaks down as follows: AMDN identifies the bank, 0 is the reserved character, and 000103 identifies this particular branch.

Bank profile

Ahmednagar Merchants Cooperative Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Kapad Bazar branch — IFSC AMDN0000103 — extends the bank's services to customers in and around Ahmedangar, Maharashtra.

Branch details at a glance

About the Kapad Bazar branch

The Kapad Bazar branch of Ahmednagar Merchants Cooperative Bank Limited is situated at MISSION COMPOUND,KAPAD BAZAR,AHMEDNAGAR 414001. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code AMDN0000103 is used.

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 Ahmednagar Merchants Cooperative Bank Limited's KAPAD BAZAR branch came to be assigned the code AMDN0000103.

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 AMDN0000103, money simply cannot be routed to the KAPAD BAZAR branch electronically.

Products and account variants supported

Every account opened at the Kapad Bazar branch is mapped to IFSC AMDN0000103 on the RBI payments network. The branch generally supports the full retail product catalogue of Ahmednagar Merchants Cooperative Bank Limited, 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 AMDN0000103.

Banking services available

The Kapad Bazar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 241-2414417.

• 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 AMDN0000103

How to transfer money using IFSC AMDN0000103

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 AMDN0000103 across all three.

NEFT to Ahmednagar Merchants Cooperative Bank Limited, KAPAD BAZAR using IFSC AMDN0000103

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 AMDN0000103, and confirm that the system picks up Ahmednagar Merchants Cooperative Bank Limited – KAPAD BAZAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC AMDN0000103

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Ahmednagar Merchants Cooperative Bank Limited – KAPAD BAZAR, ensure your bank's portal accepts IFSC AMDN0000103 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Ahmednagar Merchants Cooperative Bank Limited KAPAD BAZAR (IFSC AMDN0000103)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC AMDN0000103 in your mobile or internet banking app, and the money is credited to the KAPAD BAZAR branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC AMDN0000103 for Ahmednagar Merchants Cooperative Bank Limited – KAPAD BAZAR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Kapad Bazar branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

UPI payments and IFSC AMDN0000103

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 Ahmednagar Merchants Cooperative Bank Limited – KAPAD BAZAR is still mapped to IFSC AMDN0000103. 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 AMDN0000103 and the beneficiary's account number to complete the transfer.

Online banking and IFSC AMDN0000103

Ahmednagar Merchants Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the KAPAD BAZAR 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 AMDN0000103 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.

MICR & cheque-truncation details

Cheques drawn on the Kapad Bazar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC AMDN0000103 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Common mistakes to avoid when using IFSC AMDN0000103

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Ahmednagar Merchants Cooperative Bank Limited – KAPAD BAZAR, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: AMDN0000103.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Reaching the branch

The Kapad Bazar branch sits at MISSION COMPOUND,KAPAD BAZAR,AHMEDNAGAR 414001. If you are travelling from outside Ahmedangar, search for the branch on a maps application using the bank name and locality, or call 241-2414417 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC AMDN0000103 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC AMDN0000103 for Ahmednagar Merchants Cooperative Bank Limited – KAPAD BAZAR, 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.

Working hours

Branch counters at Kapad Bazar are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to AMDN0000103 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code AMDN0000103 belongs to Ahmednagar Merchants Cooperative Bank Limited's KAPAD BAZAR branch, located at MISSION COMPOUND,KAPAD BAZAR,AHMEDNAGAR 414001 in AHMEDANGAR, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.