IFSC Code of IDBI Bank, Mahalakshmi Co Operative Bank Ltd Udupi Branch, Karnataka

Use this page as a one-stop reference for everything related to IDBI Bank's MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI branch in UDUPI, KARNATAKA. The branch's IFSC code IBKL0186MC1 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 – MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI is IBKL0186MC1. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 186MC1 map to this branch in UDUPI, KARNATAKA.

Bank profile

IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Mahalakshmi Co Operative Bank Ltd Udupi branch — IFSC IBKL0186MC1 — extends the bank's services to customers in and around Udupi, Karnataka.

Branch details at a glance

Mahalakshmi Co Operative Bank Ltd Udupi branch overview

Located at Y MM SANGHA BUILDIN, 1ST FLOOR, MALPE 576108, the Mahalakshmi Co Operative Bank Ltd Udupi branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0186MC1 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 MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI branch came to be assigned the code IBKL0186MC1.

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 IBKL0186MC1, money simply cannot be routed to the MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI branch electronically.

Products and account variants supported

Every account opened at the Mahalakshmi Co Operative Bank Ltd Udupi branch is mapped to IFSC IBKL0186MC1 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 IBKL0186MC1.

Products and services

Customers walking into the Mahalakshmi Co Operative Bank Ltd Udupi 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 IBKL0186MC1

How to transfer money using IFSC IBKL0186MC1

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 IBKL0186MC1 across all three.

NEFT to IDBI Bank, MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI using IFSC IBKL0186MC1

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 IBKL0186MC1, and confirm that the system picks up IDBI Bank – MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI

If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0186MC1 while initiating the transfer and the credit will appear within minutes.

IMPS to IDBI Bank MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI (IFSC IBKL0186MC1)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0186MC1 in your mobile or internet banking app, and the money is credited to the MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Mahalakshmi Co Operative Bank Ltd Udupi

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 IBKL0186MC1:

• 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 MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI is still linked to IFSC IBKL0186MC1.

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 MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI branch, the IFSC IBKL0186MC1 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.

Digital banking channels

Most day-to-day work that customers used to do at the Mahalakshmi Co Operative Bank Ltd Udupi 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 IBKL0186MC1 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.

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 IBKL0186MC1 and the account number together uniquely identify the Mahalakshmi Co Operative Bank Ltd Udupi branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Common mistakes to avoid when using IFSC IBKL0186MC1

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 – MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI, 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: IBKL0186MC1.
• 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 Mahalakshmi Co Operative Bank Ltd Udupi branch sits at Y MM SANGHA BUILDIN, 1ST FLOOR, MALPE 576108. If you are travelling from outside Udupi, search for the branch on a maps application using the bank name and locality, or call 820-2528812 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 IBKL0186MC1 and your account number.

Verifying IFSC IBKL0186MC1 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 IBKL0186MC1 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 820-2528812.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Mahalakshmi Co Operative Bank Ltd Udupi 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 IBKL0186MC1 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IBKL0186MC1 belongs to IDBI Bank's MAHALAKSHMI CO OPERATIVE BANK LTD UDUPI branch, located at Y MM SANGHA BUILDIN, 1ST FLOOR, MALPE 576108 in UDUPI, KARNATAKA. 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.