IFSC Code of The Akola Urban Cooperative Bank Limited, Subhash Nagar Branch Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to The Akola Urban Cooperative Bank Limited's SUBHASH NAGAR BRANCH branch in INDORE, MADHYA PRADESH. The branch's IFSC code TAUB0001031 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 The Akola Urban Cooperative Bank Limited – SUBHASH NAGAR BRANCH is TAUB0001031. The first four letters TAUB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001031 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 Subhash Nagar 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, TAUB0001031.

About this branch

The branch is located at 13,NETAJI SUBHASH MARG,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 TAUB0001031 is used to identify this branch on the RBI payments network.

Branch details at a glance

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 The Akola Urban Cooperative Bank Limited's SUBHASH NAGAR BRANCH branch came to be assigned the code TAUB0001031.

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 TAUB0001031, money simply cannot be routed to the SUBHASH NAGAR BRANCH branch electronically.

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 TAUB0001031 and the account number together uniquely identify the Subhash Nagar Branch branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC TAUB0001031

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 TAUB0001031 across all three.

NEFT to The Akola Urban Cooperative Bank Limited, SUBHASH NAGAR BRANCH using IFSC TAUB0001031

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 TAUB0001031, and confirm that the system picks up The Akola Urban Cooperative Bank Limited – SUBHASH NAGAR 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 SUBHASH NAGAR BRANCH

If you need to transfer ₹2 lakh or more in one go to an account at The Akola Urban Cooperative Bank Limited's SUBHASH NAGAR BRANCH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC TAUB0001031 while initiating the transfer and the credit will appear within minutes.

IMPS to The Akola Urban Cooperative Bank Limited SUBHASH NAGAR BRANCH (IFSC TAUB0001031)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC TAUB0001031 in your mobile or internet banking app, and the money is credited to the SUBHASH NAGAR BRANCH branch account within seconds.

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

All three modes accept the IFSC TAUB0001031 for The Akola Urban Cooperative Bank Limited – SUBHASH NAGAR 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.

For most retail customers crediting the Subhash Nagar 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 SUBHASH NAGAR BRANCH branch, the IFSC TAUB0001031 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.

Account types you can open at the Subhash Nagar Branch branch

Once you have an account at The Akola Urban Cooperative Bank Limited – SUBHASH NAGAR BRANCH, the IFSC TAUB0001031 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 Subhash Nagar Branch branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 731-2531594.

• 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 TAUB0001031

Online banking and IFSC TAUB0001031

The Akola Urban Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the SUBHASH NAGAR 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 TAUB0001031 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.

How to reach the Subhash Nagar Branch branch

The branch is located at 13,NETAJI SUBHASH MARG,INDORE, which puts it inside Indore, the broader Indore district, and the state of Madhya Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “The Akola Urban Cooperative Bank Limited Subhash Nagar Branch branch” — the verified location pin for IFSC TAUB0001031 should appear at the top of the results.
2. Confirm the branch is open by calling 731-2531594 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 TAUB0001031 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 – SUBHASH NAGAR BRANCH:

• The IFSC is exactly TAUB0001031 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 SUBHASH NAGAR BRANCH 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 Subhash Nagar Branch branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC TAUB0001031, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC TAUB0001031 for The Akola Urban Cooperative Bank Limited – SUBHASH NAGAR BRANCH, 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.

Branch address & contact

Frequently asked questions

Summary

The IFSC code TAUB0001031 belongs to The Akola Urban Cooperative Bank Limited's SUBHASH NAGAR BRANCH branch, located at 13,NETAJI SUBHASH MARG,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.