IFSC Code of IDBI Bank, The Cardamom Merchants Co Opeative Bank Ltd Haveri Branch, Karnataka

Below are the complete branch details for IDBI Bank, THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI branch, located in HAVERI, KARNATAKA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL01542CM. 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 IBKL01542CM for IDBI Bank – THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI — 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, IBKL01542CM is the IFSC of IDBI Bank's THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI branch. The format is fixed: IBKL = bank code, 0 = reserved, 1542CM = branch identifier.

Branch details at a glance

About IDBI Bank

IDBI Bank operates a wide network of branches across India, including the The Cardamom Merchants Co Opeative Bank Ltd Haveri branch in Haveri. 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, IBKL01542CM.

About the The Cardamom Merchants Co Opeative Bank Ltd Haveri branch

The The Cardamom Merchants Co Opeative Bank Ltd Haveri branch of IDBI Bank is situated at RRLYRD,VR,R50. 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 IBKL01542CM 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 IDBI Bank's THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI branch came to be assigned the code IBKL01542CM.

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 IBKL01542CM, money simply cannot be routed to the THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI branch electronically.

How to transfer money using IFSC IBKL01542CM

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 IBKL01542CM across all three.

NEFT to IDBI Bank, THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI using IFSC IBKL01542CM

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 IBKL01542CM, and confirm that the system picks up IDBI Bank – THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI

If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL01542CM while initiating the transfer and the credit will appear within minutes.

IMPS to IDBI Bank THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI (IFSC IBKL01542CM)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL01542CM in your mobile or internet banking app, and the money is credited to the THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to The Cardamom Merchants Co Opeative Bank Ltd Haveri

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 IBKL01542CM:

• 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 THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI is still linked to IFSC IBKL01542CM.

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.

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 IDBI Bank's THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI branch, the IFSC IBKL01542CM 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 The Cardamom Merchants Co Opeative Bank Ltd Haveri branch

Once you have an account at IDBI Bank – THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI, the IFSC IBKL01542CM 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 The Cardamom Merchants Co Opeative Bank Ltd Haveri branch can access most of IDBI Bank'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 IBKL01542CM

MICR & cheque-truncation details

Cheques drawn on the The Cardamom Merchants Co Opeative Bank Ltd Haveri branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL01542CM for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Digital banking channels

Most day-to-day work that customers used to do at the The Cardamom Merchants Co Opeative Bank Ltd Haveri 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 IBKL01542CM 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.

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 IDBI Bank – THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI:

• The IFSC is exactly IBKL01542CM with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills IDBI Bank as the bank name and THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI 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.

Reaching the branch

The The Cardamom Merchants Co Opeative Bank Ltd Haveri branch sits at RRLYRD,VR,R50. If you are travelling from outside Haveri, search for the branch on a maps application using the bank name and locality, or call 8375-232434 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 IBKL01542CM and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IBKL01542CM for IDBI Bank – THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI, 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 The Cardamom Merchants Co Opeative Bank Ltd Haveri branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL01542CM, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL01542CM is the IFSC code of IDBI Bank, THE CARDAMOM MERCHANTS CO OPEATIVE BANK LTD HAVERI branch, in HAVERI, KARNATAKA. 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.