IFSC Code of Ahmednagar Merchants Cooperative Bank Limited, Market Yard Branch, Maharashtra

Below are the complete branch details for Ahmednagar Merchants Cooperative Bank Limited, MARKET YARD branch, located in AHMEDANGAR, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is AMDN0000102. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case AMDN0000102 for Ahmednagar Merchants Cooperative Bank Limited – MARKET YARD — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, AMDN0000102 is the IFSC of Ahmednagar Merchants Cooperative Bank Limited's MARKET YARD branch. The format is fixed: AMDN = bank code, 0 = reserved, 000102 = branch identifier.

Branch details at a glance

Bank profile

Ahmednagar Merchants Cooperative Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Market Yard branch — IFSC AMDN0000102 — extends the bank's services to customers in and around Ahmedangar, Maharashtra.

About this branch

The branch is located at PLOT NO.33,MARKET YARD,STATION ROAD,AHMEDNAGAR 414001. It serves the Ahmedangar region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Ahmednagar Merchants Cooperative Bank Limited. The IFSC AMDN0000102 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 Ahmednagar Merchants Cooperative Bank Limited's MARKET YARD branch came to be assigned the code AMDN0000102.

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 AMDN0000102, money simply cannot be routed to the MARKET YARD branch electronically.

How to transfer money using IFSC AMDN0000102

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 AMDN0000102 across all three.

NEFT to Ahmednagar Merchants Cooperative Bank Limited, MARKET YARD using IFSC AMDN0000102

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 AMDN0000102, and confirm that the system picks up Ahmednagar Merchants Cooperative Bank Limited – MARKET YARD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC AMDN0000102

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 – MARKET YARD, ensure your bank's portal accepts IFSC AMDN0000102 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to Ahmednagar Merchants Cooperative Bank Limited – MARKET YARD, use IMPS. With IFSC AMDN0000102 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Market Yard

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 AMDN0000102:

• 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 MARKET YARD is still linked to IFSC AMDN0000102.

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 AMDN0000102

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 – MARKET YARD is still mapped to IFSC AMDN0000102. 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 AMDN0000102 and the beneficiary's account number to complete the transfer.

Account types you can open at the Market Yard branch

Once you have an account at Ahmednagar Merchants Cooperative Bank Limited – MARKET YARD, the IFSC AMDN0000102 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Products and services

Customers walking into the Market Yard branch can access most of Ahmednagar Merchants Cooperative Bank Limited's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC AMDN0000102

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Ahmednagar Merchants Cooperative Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC AMDN0000102 and the account number together uniquely identify the Market Yard branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC AMDN0000102

Ahmednagar Merchants Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the MARKET YARD 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 AMDN0000102 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 Ahmednagar Merchants Cooperative Bank Limited – MARKET YARD:

• The IFSC is exactly AMDN0000102 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Ahmednagar Merchants Cooperative Bank Limited as the bank name and MARKET YARD 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 Market Yard branch

The branch is located at PLOT NO.33,MARKET YARD,STATION ROAD,AHMEDNAGAR 414001, which puts it inside Ahmedangar, the broader Ahmednagar district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Ahmednagar Merchants Cooperative Bank Limited Market Yard branch” — the verified location pin for IFSC AMDN0000102 should appear at the top of the results.
2. Confirm the branch is open by calling 241-2322222 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 AMDN0000102 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC AMDN0000102 for Ahmednagar Merchants Cooperative Bank Limited – MARKET YARD, 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 Market Yard branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC AMDN0000102, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code AMDN0000102 belongs to Ahmednagar Merchants Cooperative Bank Limited's MARKET YARD branch, located at PLOT NO.33,MARKET YARD,STATION ROAD,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.