IFSC Code of Maharashtra State Cooperative Bank, Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner Branch, Maharashtra

Use this page as a one-stop reference for everything related to Maharashtra State Cooperative Bank's DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER branch in AURANGABAD, MAHARASHTRA. The branch's IFSC code MSCI0BANSB1 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 Maharashtra State Cooperative Bank – DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER is MSCI0BANSB1. The first four letters MSCI are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters BANSB1 map to this branch in AURANGABAD, MAHARASHTRA.

About the bank

Maharashtra State Cooperative Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner branch in Aurangabad, Maharashtra is part of this network and uses the IFSC code MSCI0BANSB1 for all electronic settlement.

Branch details at a glance

About this branch

The branch is located at MILCORNER KHADKESHWAR ROAD AURANGABAD. It serves the Aurangabad region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Maharashtra State Cooperative Bank. The IFSC MSCI0BANSB1 is used to identify this branch on the RBI payments network.

Why every Maharashtra State Cooperative 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 DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER of Maharashtra State Cooperative Bank — its own 11-character IFSC. The code MSCI0BANSB1 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 MSCI0BANSB1 the same way you would treat your account number — verify it once and save it carefully for future use.

Products and account variants supported

Every account opened at the Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner branch is mapped to IFSC MSCI0BANSB1 on the RBI payments network. The branch generally supports the full retail product catalogue of Maharashtra State Cooperative 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 MSCI0BANSB1.

Products and services

Customers walking into the Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner branch can access most of Maharashtra State Cooperative 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 MSCI0BANSB1

How to transfer money using IFSC MSCI0BANSB1

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 MSCI0BANSB1 across all three.

How to use IFSC MSCI0BANSB1 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Maharashtra State Cooperative Bank's DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER 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 MSCI0BANSB1.
4. Confirm the bank name auto-populates as Maharashtra State Cooperative Bank and the branch as DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER

If you need to transfer ₹2 lakh or more in one go to an account at Maharashtra State Cooperative Bank's DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MSCI0BANSB1 while initiating the transfer and the credit will appear within minutes.

IMPS to Maharashtra State Cooperative Bank DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER (IFSC MSCI0BANSB1)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MSCI0BANSB1 in your mobile or internet banking app, and the money is credited to the DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner

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 MSCI0BANSB1:

• 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 DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER is still linked to IFSC MSCI0BANSB1.

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 Maharashtra State Cooperative Bank's DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER branch, the IFSC MSCI0BANSB1 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 MSCI0BANSB1

Maharashtra State Cooperative Bank customers can register for net banking and the bank's official mobile app once their account at the DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER 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 MSCI0BANSB1 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 Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MSCI0BANSB1 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

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 Maharashtra State Cooperative Bank – DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER:

• The IFSC is exactly MSCI0BANSB1 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Maharashtra State Cooperative Bank as the bank name and DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER 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.

How to reach the Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner branch

The branch is located at MILCORNER KHADKESHWAR ROAD AURANGABAD, which puts it inside Aurangabad, the broader Aurangabad district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Maharashtra State Cooperative Bank Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner branch” — the verified location pin for IFSC MSCI0BANSB1 should appear at the top of the results.
2. Confirm the branch is open by calling 240-2325338 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC MSCI0BANSB1 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MSCI0BANSB1 for Maharashtra State Cooperative Bank – DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER, 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 Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner 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 MSCI0BANSB1 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code MSCI0BANSB1 belongs to Maharashtra State Cooperative Bank's DR BABASAHEB AMBEDKAR NAGARI SAHAKARI BANK LTD AURANGABAD MILL CORNER branch, located at MILCORNER KHADKESHWAR ROAD AURANGABAD in AURANGABAD, 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.