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

If you are searching for the IFSC code of The Akola Urban Cooperative Bank Limited, KARANJA branch in KARANJA, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is TAUB0001003. 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 KARANJA branch, and detailed step-by-step guides for using the IFSC TAUB0001003 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.

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 KARANJA branch, the IFSC TAUB0001003 breaks down as follows: TAUB identifies the bank, 0 is the reserved character, and 001003 identifies this particular branch.

Branch details at a glance

Bank profile

The Akola Urban Cooperative Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Karanja branch — IFSC TAUB0001003 — extends the bank's services to customers in and around Karanja, Maharashtra.

Karanja branch overview

Located at MAIN ROAD,COTTON MARKET,NEAR APMC,KARANJA, the Karanja branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC TAUB0001003 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 The Akola Urban Cooperative Bank Limited's KARANJA branch came to be assigned the code TAUB0001003.

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 TAUB0001003, money simply cannot be routed to the KARANJA branch electronically.

How to transfer money using IFSC TAUB0001003

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 TAUB0001003 across all three.

NEFT to The Akola Urban Cooperative Bank Limited, KARANJA using IFSC TAUB0001003

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 TAUB0001003, and confirm that the system picks up The Akola Urban Cooperative Bank Limited – KARANJA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to KARANJA

If you need to transfer ₹2 lakh or more in one go to an account at The Akola Urban Cooperative Bank Limited's KARANJA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC TAUB0001003 while initiating the transfer and the credit will appear within minutes.

IMPS to The Akola Urban Cooperative Bank Limited KARANJA (IFSC TAUB0001003)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC TAUB0001003 in your mobile or internet banking app, and the money is credited to the KARANJA branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Karanja

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 TAUB0001003:

• 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 KARANJA is still linked to IFSC TAUB0001003.

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 The Akola Urban Cooperative Bank Limited's KARANJA branch, the IFSC TAUB0001003 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 Karanja branch

Once you have an account at The Akola Urban Cooperative Bank Limited – KARANJA, the IFSC TAUB0001003 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 Karanja 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 TAUB0001003

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 TAUB0001003 and the account number together uniquely identify the Karanja branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC TAUB0001003

The Akola Urban Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the KARANJA 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 TAUB0001003 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.

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 – KARANJA:

• The IFSC is exactly TAUB0001003 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 KARANJA 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.

Reaching the branch

The Karanja branch sits at MAIN ROAD,COTTON MARKET,NEAR APMC,KARANJA. If you are travelling from outside Karanja, search for the branch on a maps application using the bank name and locality, or call 7252-223126 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 TAUB0001003 and your account number.

Verifying IFSC TAUB0001003 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 TAUB0001003 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 7252-223126.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Karanja 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 TAUB0001003 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code TAUB0001003 belongs to The Akola Urban Cooperative Bank Limited's KARANJA branch, located at MAIN ROAD,COTTON MARKET,NEAR APMC,KARANJA in KARANJA, 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.