IFSC Code of Deogiri Nagari Sahakari Bank Limited Aurangabad, Karmad Branch, Maharashtra

Below are the complete branch details for Deogiri Nagari Sahakari Bank Limited Aurangabad, KARMAD branch, located in KARMAD, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is DEOB0000021. 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 DEOB0000021 for Deogiri Nagari Sahakari Bank Limited Aurangabad – KARMAD — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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 Deogiri Nagari Sahakari Bank Limited Aurangabad's KARMAD branch, the IFSC DEOB0000021 breaks down as follows: DEOB identifies the bank, 0 is the reserved character, and 000021 identifies this particular branch.

Branch details at a glance

About Deogiri Nagari Sahakari Bank Limited Aurangabad

Deogiri Nagari Sahakari Bank Limited Aurangabad operates a wide network of branches across India, including the Karmad branch in Karmad. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, DEOB0000021.

About this branch

The branch is located at OPP.POLICE STATION,JALNA-ROAD,KARMAD TQ.DIST.AURANGABAD. It serves the Karmad region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Deogiri Nagari Sahakari Bank Limited Aurangabad. The IFSC DEOB0000021 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 Deogiri Nagari Sahakari Bank Limited Aurangabad's KARMAD branch came to be assigned the code DEOB0000021.

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 DEOB0000021, money simply cannot be routed to the KARMAD branch electronically.

How to transfer money using IFSC DEOB0000021

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 DEOB0000021 across all three.

How to use IFSC DEOB0000021 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Deogiri Nagari Sahakari Bank Limited Aurangabad's KARMAD branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC DEOB0000021.
4. Confirm the bank name auto-populates as Deogiri Nagari Sahakari Bank Limited Aurangabad and the branch as KARMAD.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to KARMAD

If you need to transfer ₹2 lakh or more in one go to an account at Deogiri Nagari Sahakari Bank Limited Aurangabad's KARMAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC DEOB0000021 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Deogiri Nagari Sahakari Bank Limited Aurangabad – KARMAD, use IMPS. With IFSC DEOB0000021 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

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

All three modes accept the IFSC DEOB0000021 for Deogiri Nagari Sahakari Bank Limited Aurangabad – KARMAD, 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 Karmad 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.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Deogiri Nagari Sahakari Bank Limited Aurangabad's KARMAD branch, the IFSC DEOB0000021 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Account types you can open at the Karmad branch

Once you have an account at Deogiri Nagari Sahakari Bank Limited Aurangabad – KARMAD, the IFSC DEOB0000021 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.

Banking services available

The Karmad branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 240-2240212.

• 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 DEOB0000021

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Deogiri Nagari Sahakari Bank Limited Aurangabad carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC DEOB0000021 and the account number together uniquely identify the Karmad branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Digital banking channels

Most day-to-day work that customers used to do at the Karmad branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC DEOB0000021 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

Common mistakes to avoid when using IFSC DEOB0000021

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 Deogiri Nagari Sahakari Bank Limited Aurangabad – KARMAD, 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: DEOB0000021.
• 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 Karmad branch sits at OPP.POLICE STATION,JALNA-ROAD,KARMAD TQ.DIST.AURANGABAD. If you are travelling from outside Karmad, search for the branch on a maps application using the bank name and locality, or call 240-2240212 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 DEOB0000021 and your account number.

Verifying IFSC DEOB0000021 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm DEOB0000021 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 240-2240212.
• Visiting the bank's official branch locator page.

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 Karmad branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC DEOB0000021, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code DEOB0000021 belongs to Deogiri Nagari Sahakari Bank Limited Aurangabad's KARMAD branch, located at OPP.POLICE STATION,JALNA-ROAD,KARMAD TQ.DIST.AURANGABAD in KARMAD, 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.