If you are searching for the IFSC code of The Akola Urban Cooperative Bank Limited, H.I.G.COLONY BRANCH branch in INDORE, MADHYA PRADESH, this page has every detail you need. The verified IFSC code for this branch is TAUB0001033. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the H.I.G.COLONY BRANCH branch, and detailed step-by-step guides for using the IFSC TAUB0001033 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular 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 The Akola Urban Cooperative Bank Limited – H.I.G.COLONY BRANCH is TAUB0001033. The first four letters TAUB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001033 map to this branch in INDORE, MADHYA PRADESH.
About The Akola Urban Cooperative Bank Limited
The Akola Urban Cooperative Bank Limited operates a wide network of branches across India, including the H.I.G.Colony Branch branch in Indore. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, TAUB0001033.
Branch details at a glance
| Bank Name | The Akola Urban Cooperative Bank Limited |
|---|---|
| Branch | H.I.G.Colony Branch |
| IFSC Code | TAUB0001033 |
| MICR Code | Refer to cheque leaf |
| Branch Address | F-43,H.I.G.COLONY,INDORE |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| STD Code | 731 |
| Phone | 2553888 |
About this branch
The branch is located at F-43,H.I.G.COLONY,INDORE. It serves the Indore region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of The Akola Urban Cooperative Bank Limited. The IFSC TAUB0001033 is used to identify this branch on the RBI payments network.
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 H.I.G.COLONY BRANCH of The Akola Urban Cooperative Bank Limited — its own 11-character IFSC. The code TAUB0001033 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 TAUB0001033 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the H.I.G.Colony Branch branch
Once you have an account at The Akola Urban Cooperative Bank Limited – H.I.G.COLONY BRANCH, the IFSC TAUB0001033 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.
Products and services
Customers walking into the H.I.G.Colony Branch 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 TAUB0001033
How to transfer money using IFSC TAUB0001033
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 TAUB0001033 across all three.
NEFT to The Akola Urban Cooperative Bank Limited, H.I.G.COLONY BRANCH using IFSC TAUB0001033
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 TAUB0001033, and confirm that the system picks up The Akola Urban Cooperative Bank Limited – H.I.G.COLONY BRANCH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to H.I.G.COLONY BRANCH
If you need to transfer ₹2 lakh or more in one go to an account at The Akola Urban Cooperative Bank Limited's H.I.G.COLONY BRANCH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC TAUB0001033 while initiating the transfer and the credit will appear within minutes.
IMPS to The Akola Urban Cooperative Bank Limited H.I.G.COLONY BRANCH (IFSC TAUB0001033)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC TAUB0001033 in your mobile or internet banking app, and the money is credited to the H.I.G.COLONY BRANCH branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC TAUB0001033 for The Akola Urban Cooperative Bank Limited – H.I.G.COLONY BRANCH, 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.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – TAUB0001033 | Yes – TAUB0001033 | Yes – TAUB0001033 |
For most retail customers crediting the H.I.G.Colony Branch 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.
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 The Akola Urban Cooperative Bank Limited's H.I.G.COLONY BRANCH branch, the IFSC TAUB0001033 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 TAUB0001033
The Akola Urban Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the H.I.G.COLONY BRANCH 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 TAUB0001033 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 H.I.G.Colony Branch branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC TAUB0001033 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC TAUB0001033
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 The Akola Urban Cooperative Bank Limited – H.I.G.COLONY BRANCH, 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:
TAUB0001033. - 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 H.I.G.Colony Branch branch sits at F-43,H.I.G.COLONY,INDORE. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 731-2553888 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 TAUB0001033 and your account number.
Verifying IFSC TAUB0001033 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 TAUB0001033 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 731-2553888.
- Visiting the bank's official branch locator page.
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 H.I.G.Colony Branch branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC TAUB0001033, however, work 24x7.
Branch address & contact
The Akola Urban Cooperative Bank LimitedH.I.G.Colony Branch Branch
F-43,H.I.G.COLONY,INDORE
Indore, Madhya Pradesh
Phone: 731-2553888
IFSC: TAUB0001033
Frequently asked questions
What is the IFSC code of The Akola Urban Cooperative Bank Limited H.I.G.Colony Branch branch?
The IFSC code of The Akola Urban Cooperative Bank Limited, H.I.G.Colony Branch branch is TAUB0001033. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does The Akola Urban Cooperative Bank Limited H.I.G.Colony Branch branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 731-2553888 to confirm.
Can I use IFSC TAUB0001033 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC TAUB0001033 to send funds instantly.
How quickly will an NEFT transfer using TAUB0001033 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to The Akola Urban Cooperative Bank Limited – H.I.G.Colony Branch reflect within 30 minutes.
How do I add The Akola Urban Cooperative Bank Limited H.I.G.Colony Branch as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC TAUB0001033, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of The Akola Urban Cooperative Bank Limited H.I.G.Colony Branch branch?
You can reach the branch at 731-2553888 during regular banking hours.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the H.I.G.Colony Branch branch but serve different purposes.
Is IFSC TAUB0001033 the same for all accounts at H.I.G.Colony Branch branch?
Yes. The IFSC TAUB0001033 is shared by every account held at The Akola Urban Cooperative Bank Limited's H.I.G.Colony Branch branch. Only the account number changes from customer to customer.
Summary
The IFSC code TAUB0001033 belongs to The Akola Urban Cooperative Bank Limited's H.I.G.COLONY BRANCH branch, located at F-43,H.I.G.COLONY,INDORE in INDORE, MADHYA PRADESH. 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.
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