IFSC Code of IDBI Bank, Pune Merchants Co Operative Bank Ltd Branch, Maharashtra

Use this page as a one-stop reference for everything related to IDBI Bank's PUNE MERCHANTS CO OPERATIVE BANK LTD branch in PUNE, MAHARASHTRA. The branch's IFSC code IBKL0548PMC 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.

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 IDBI Bank's PUNE MERCHANTS CO OPERATIVE BANK LTD branch, the IFSC IBKL0548PMC breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 548PMC identifies this particular branch.

Branch details at a glance

About the bank

IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Pune Merchants Co Operative Bank Ltd branch in Pune, Maharashtra is part of this network and uses the IFSC code IBKL0548PMC for all electronic settlement.

Pune Merchants Co Operative Bank Ltd branch overview

Located at PUNE MERCHANTS CO OPERATIVE BANK LTD, 257,BUDHWAR PETH,SHRI SHIVAJI ROAD, PUNE 411002, the Pune Merchants Co Operative Bank Ltd branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0548PMC is required for all interbank electronic transfers routed through this branch.

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 PUNE MERCHANTS CO OPERATIVE BANK LTD branch came to be assigned the code IBKL0548PMC.

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 IBKL0548PMC, money simply cannot be routed to the PUNE MERCHANTS CO OPERATIVE BANK LTD branch electronically.

How to transfer money using IFSC IBKL0548PMC

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 IBKL0548PMC across all three.

How to use IFSC IBKL0548PMC for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's PUNE MERCHANTS CO OPERATIVE BANK LTD 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 IBKL0548PMC.
4. Confirm the bank name auto-populates as IDBI Bank and the branch as PUNE MERCHANTS CO OPERATIVE BANK LTD.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC IBKL0548PMC

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 – PUNE MERCHANTS CO OPERATIVE BANK LTD, ensure your bank's portal accepts IFSC IBKL0548PMC while registering the beneficiary. RTGS is also available 24x7.

IMPS to IDBI Bank PUNE MERCHANTS CO OPERATIVE BANK LTD (IFSC IBKL0548PMC)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0548PMC in your mobile or internet banking app, and the money is credited to the PUNE MERCHANTS CO OPERATIVE BANK LTD branch account within seconds.

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

All three modes accept the IFSC IBKL0548PMC for IDBI Bank – PUNE MERCHANTS 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 Pune Merchants 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 IBKL0548PMC

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 – PUNE MERCHANTS CO OPERATIVE BANK LTD is still mapped to IFSC IBKL0548PMC. 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 IBKL0548PMC and the beneficiary's account number to complete the transfer.

Account types you can open at the Pune Merchants Co Operative Bank Ltd branch

Once you have an account at IDBI Bank – PUNE MERCHANTS CO OPERATIVE BANK LTD, the IFSC IBKL0548PMC 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 Pune Merchants Co Operative Bank Ltd branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 20-24491522.

• 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 IBKL0548PMC

MICR & cheque-truncation details

Cheques drawn on the Pune Merchants 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 IBKL0548PMC for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC IBKL0548PMC

IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the PUNE MERCHANTS 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 IBKL0548PMC 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.

Common mistakes to avoid when using IFSC IBKL0548PMC

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 – PUNE MERCHANTS 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: IBKL0548PMC.
• 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 Pune Merchants Co Operative Bank Ltd branch sits at PUNE MERCHANTS CO OPERATIVE BANK LTD, 257,BUDHWAR PETH,SHRI SHIVAJI ROAD, PUNE 411002. If you are travelling from outside Pune, search for the branch on a maps application using the bank name and locality, or call 20-24491522 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 IBKL0548PMC and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IBKL0548PMC for IDBI Bank – PUNE MERCHANTS 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 Pune Merchants 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 IBKL0548PMC continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IBKL0548PMC belongs to IDBI Bank's PUNE MERCHANTS CO OPERATIVE BANK LTD branch, located at PUNE MERCHANTS CO OPERATIVE BANK LTD, 257,BUDHWAR PETH,SHRI SHIVAJI ROAD, PUNE… in PUNE, 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.