IFSC Code of The Akola Urban Cooperative Bank Limited, Ramdas Peth Branch, Maharashtra

Use this page as a one-stop reference for everything related to The Akola Urban Cooperative Bank Limited's RAMDAS PETH branch in AKOLA, MAHARASHTRA. The branch's IFSC code TAUB0001002 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 The Akola Urban Cooperative Bank Limited's RAMDAS PETH branch, the IFSC TAUB0001002 breaks down as follows: TAUB identifies the bank, 0 is the reserved character, and 001002 identifies this particular branch.

Bank profile

The Akola Urban Cooperative Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Ramdas Peth branch — IFSC TAUB0001002 — extends the bank's services to customers in and around Akola, Maharashtra.

Ramdas Peth branch overview

Located at DATTA MANDIR CHOWK,RAMDAS PETH,AKOLA 444002, the Ramdas Peth branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC TAUB0001002 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

Why every The Akola Urban Cooperative Bank Limited 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 RAMDAS PETH of The Akola Urban Cooperative Bank Limited — its own 11-character IFSC. The code TAUB0001002 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 TAUB0001002 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 The Akola Urban Cooperative Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC TAUB0001002 and the account number together uniquely identify the Ramdas Peth branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC TAUB0001002

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 TAUB0001002 across all three.

NEFT to The Akola Urban Cooperative Bank Limited, RAMDAS PETH using IFSC TAUB0001002

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 TAUB0001002, and confirm that the system picks up The Akola Urban Cooperative Bank Limited – RAMDAS PETH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to RAMDAS PETH

If you need to transfer ₹2 lakh or more in one go to an account at The Akola Urban Cooperative Bank Limited's RAMDAS PETH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC TAUB0001002 while initiating the transfer and the credit will appear within minutes.

IMPS to The Akola Urban Cooperative Bank Limited RAMDAS PETH (IFSC TAUB0001002)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC TAUB0001002 in your mobile or internet banking app, and the money is credited to the RAMDAS PETH branch account within seconds.

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

All three modes accept the IFSC TAUB0001002 for The Akola Urban Cooperative Bank Limited – RAMDAS PETH, 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 Ramdas Peth 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 TAUB0001002

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 The Akola Urban Cooperative Bank Limited – RAMDAS PETH is still mapped to IFSC TAUB0001002. 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 TAUB0001002 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Ramdas Peth branch is mapped to IFSC TAUB0001002 on the RBI payments network. The branch generally supports the full retail product catalogue of The Akola Urban Cooperative Bank Limited, 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 TAUB0001002.

Products and services

Customers walking into the Ramdas Peth branch can access most of The Akola Urban Cooperative Bank Limited'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 TAUB0001002

Digital banking channels

Most day-to-day work that customers used to do at the Ramdas Peth 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 TAUB0001002 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.

Reaching the branch

The Ramdas Peth branch sits at DATTA MANDIR CHOWK,RAMDAS PETH,AKOLA 444002. If you are travelling from outside Akola, search for the branch on a maps application using the bank name and locality, or call 724-2410543 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 TAUB0001002 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 The Akola Urban Cooperative Bank Limited – RAMDAS PETH:

• The IFSC is exactly TAUB0001002 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills The Akola Urban Cooperative Bank Limited as the bank name and RAMDAS PETH 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.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Ramdas Peth branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC TAUB0001002, however, work 24x7.

Verifying IFSC TAUB0001002 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 TAUB0001002 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 724-2410543.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Final notes

To recap: TAUB0001002 is the IFSC code of The Akola Urban Cooperative Bank Limited, RAMDAS PETH branch, in AKOLA, MAHARASHTRA. 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.