IFSC Code of IDBI Bank, The Malegaon Merchant S Co Operative Bank Ltd Branch, Maharashtra

Use this page as a one-stop reference for everything related to IDBI Bank's THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD branch in MALEGAON, MAHARASHTRA. The branch's IFSC code IBKL0533MMC is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for IDBI Bank – THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD is IBKL0533MMC. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 533MMC map to this branch in MALEGAON, MAHARASHTRA.

Bank profile

IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The The Malegaon Merchant S Co Operative Bank Ltd branch — IFSC IBKL0533MMC — extends the bank's services to customers in and around Malegaon, Maharashtra.

Branch details at a glance

About the The Malegaon Merchant S Co Operative Bank Ltd branch

The The Malegaon Merchant S Co Operative Bank Ltd branch of IDBI Bank is situated at OHNSORRDLEGON 423203. 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 IBKL0533MMC 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 MALEGAON MERCHANT S CO OPERATIVE BANK LTD branch came to be assigned the code IBKL0533MMC.

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 IBKL0533MMC, money simply cannot be routed to the THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD branch electronically.

Products and account variants supported

Every account opened at the The Malegaon Merchant S Co Operative Bank Ltd branch is mapped to IFSC IBKL0533MMC on the RBI payments network. The branch generally supports the full retail product catalogue of IDBI 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 IBKL0533MMC.

Products and services

Customers walking into the The Malegaon Merchant S Co Operative Bank Ltd 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 IBKL0533MMC

How to transfer money using IFSC IBKL0533MMC

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 IBKL0533MMC across all three.

NEFT to IDBI Bank, THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD using IFSC IBKL0533MMC

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 IBKL0533MMC, and confirm that the system picks up IDBI Bank – THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC IBKL0533MMC

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 IDBI Bank – THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD, ensure your bank's portal accepts IFSC IBKL0533MMC while registering the beneficiary. RTGS is also available 24x7.

IMPS to IDBI Bank THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD (IFSC IBKL0533MMC)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0533MMC in your mobile or internet banking app, and the money is credited to the THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD branch account within seconds.

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

All three modes accept the IFSC IBKL0533MMC for IDBI Bank – THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD, 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 The Malegaon Merchant S Co Operative Bank Ltd 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 IDBI Bank's THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD branch, the IFSC IBKL0533MMC 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.

Online banking and IFSC IBKL0533MMC

IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD 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 IBKL0533MMC 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 The Malegaon Merchant S Co Operative Bank Ltd branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0533MMC 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 IBKL0533MMC

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 IDBI Bank – THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD, 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: IBKL0533MMC.
• 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 The Malegaon Merchant S Co Operative Bank Ltd branch sits at OHNSORRDLEGON 423203. If you are travelling from outside Malegaon, search for the branch on a maps application using the bank name and locality, or call 2554-230923 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 IBKL0533MMC and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IBKL0533MMC for IDBI Bank – THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD, 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 The Malegaon Merchant S Co Operative Bank Ltd 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 IBKL0533MMC continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IBKL0533MMC belongs to IDBI Bank's THE MALEGAON MERCHANT S CO OPERATIVE BANK LTD branch, located at OHNSORRDLEGON 423203 in MALEGAON, 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.