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

This page lists the IFSC code, branch address, contact number and fund-transfer information for The Akola Urban Cooperative Bank Limited, MALEGAON branch in MALEGAON. The 11-digit IFSC TAUB0001011 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with The Akola Urban Cooperative Bank Limited at the MALEGAON location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this 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 MALEGAON branch, the IFSC TAUB0001011 breaks down as follows: TAUB identifies the bank, 0 is the reserved character, and 001011 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 Malegaon branch — IFSC TAUB0001011 — extends the bank's services to customers in and around Malegaon, Maharashtra.

About this branch

The branch is located at SHRI NAWASTHALE S BUILDING,MAIN ROAD,MALEGAON,DIST.WASHIM. It serves the Malegaon 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 TAUB0001011 is used to identify this branch on the RBI payments network.

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 MALEGAON branch came to be assigned the code TAUB0001011.

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 TAUB0001011, money simply cannot be routed to the MALEGAON branch electronically.

How to transfer money using IFSC TAUB0001011

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 TAUB0001011 across all three.

How to use IFSC TAUB0001011 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to The Akola Urban Cooperative Bank Limited's MALEGAON 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 TAUB0001011.
4. Confirm the bank name auto-populates as The Akola Urban Cooperative Bank Limited and the branch as MALEGAON.
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 MALEGAON

If you need to transfer ₹2 lakh or more in one go to an account at The Akola Urban Cooperative Bank Limited's MALEGAON branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC TAUB0001011 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to The Akola Urban Cooperative Bank Limited – MALEGAON, use IMPS. With IFSC TAUB0001011 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Malegaon

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 TAUB0001011:

• 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 MALEGAON is still linked to IFSC TAUB0001011.

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.

UPI payments and IFSC TAUB0001011

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 – MALEGAON is still mapped to IFSC TAUB0001011. 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 TAUB0001011 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Malegaon branch is mapped to IFSC TAUB0001011 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 TAUB0001011.

Products and services

Customers walking into the Malegaon 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 TAUB0001011

MICR & cheque-truncation details

Cheques drawn on the Malegaon branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC TAUB0001011 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC TAUB0001011

The Akola Urban Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the MALEGAON 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 TAUB0001011 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.

Common mistakes to avoid when using IFSC TAUB0001011

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 – MALEGAON, 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: TAUB0001011.
• 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.

How to reach the Malegaon branch

The branch is located at SHRI NAWASTHALE S BUILDING,MAIN ROAD,MALEGAON,DIST.WASHIM, which puts it inside Malegaon, the broader Washim district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “The Akola Urban Cooperative Bank Limited Malegaon branch” — the verified location pin for IFSC TAUB0001011 should appear at the top of the results.
2. Confirm the branch is open by calling 7252-271271 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 TAUB0001011 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC TAUB0001011 for The Akola Urban Cooperative Bank Limited – MALEGAON, 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 Malegaon 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 TAUB0001011 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code TAUB0001011 belongs to The Akola Urban Cooperative Bank Limited's MALEGAON branch, located at SHRI NAWASTHALE S BUILDING,MAIN ROAD,MALEGAON,DIST.WASHIM in MALEGAON, 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.