IFSC Code of IDBI Bank, Gulshan Mercantile Urban Co Operative Bank Ltd Branch, Uttar Pradesh

This page lists the IFSC code, branch address, contact number and fund-transfer information for IDBI Bank, GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD branch in MUZAFFARNAGAR. The 11-digit IFSC IBKL01529GM 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 IDBI Bank at the GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD 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.

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 – GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD is IBKL01529GM. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 1529GM map to this branch in MUZAFFARNAGAR, UTTAR PRADESH.

About the bank

IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Gulshan Mercantile Urban Co Operative Bank Ltd branch in Muzaffarnagar, Uttar Pradesh is part of this network and uses the IFSC code IBKL01529GM for all electronic settlement.

About this branch

The branch is located at 129 130 C,NEW MANDI,MUZAFFAR NAGAR. It serves the Muzaffarnagar region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of IDBI Bank. The IFSC IBKL01529GM is used to identify this branch on the RBI payments network.

Branch details at a glance

Why every IDBI Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD of IDBI Bank — its own 11-character IFSC. The code IBKL01529GM is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC IBKL01529GM the same way you would treat your account number — verify it once and save it carefully for future use.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by IDBI Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IBKL01529GM and the account number together uniquely identify the Gulshan Mercantile Urban Co Operative Bank Ltd branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC IBKL01529GM

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 IBKL01529GM across all three.

NEFT to IDBI Bank, GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD using IFSC IBKL01529GM

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 IBKL01529GM, and confirm that the system picks up IDBI Bank – GULSHAN MERCANTILE URBAN 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 IBKL01529GM

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 – GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD, ensure your bank's portal accepts IFSC IBKL01529GM while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to IDBI Bank – GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD, use IMPS. With IFSC IBKL01529GM 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 IBKL01529GM for IDBI Bank – GULSHAN MERCANTILE URBAN 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 Gulshan Mercantile Urban 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.

UPI payments and IFSC IBKL01529GM

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 IDBI Bank – GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD is still mapped to IFSC IBKL01529GM. 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 IBKL01529GM and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Gulshan Mercantile Urban Co Operative Bank Ltd branch is mapped to IFSC IBKL01529GM 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 IBKL01529GM.

Products and services

Customers walking into the Gulshan Mercantile Urban 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 IBKL01529GM

Online banking and IFSC IBKL01529GM

IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the GULSHAN MERCANTILE URBAN 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 IBKL01529GM 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.

Reaching the branch

The Gulshan Mercantile Urban Co Operative Bank Ltd branch sits at 129 130 C,NEW MANDI,MUZAFFAR NAGAR. If you are travelling from outside Muzaffarnagar, search for the branch on a maps application using the bank name and locality, or call 131-2600051 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 IBKL01529GM and your account number.

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 – GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD:

• The IFSC is exactly IBKL01529GM 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 GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD 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.

Working hours

Branch counters at Gulshan Mercantile Urban 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 IBKL01529GM continue to work without interruption.

Verifying IFSC IBKL01529GM 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 IBKL01529GM by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 131-2600051.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL01529GM is the IFSC code of IDBI Bank, GULSHAN MERCANTILE URBAN CO OPERATIVE BANK LTD branch, in MUZAFFARNAGAR, UTTAR PRADESH. 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.