If you are searching for the IFSC code of The Akola Urban Cooperative Bank Limited, GANDHIBAGH branch in NAGPUR, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is TAUB0001021. 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 GANDHIBAGH branch, and detailed step-by-step guides for using the IFSC TAUB0001021 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.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, TAUB0001021 is the IFSC of The Akola Urban Cooperative Bank Limited's GANDHIBAGH branch. The format is fixed: TAUB = bank code, 0 = reserved, 001021 = branch identifier.
About The Akola Urban Cooperative Bank Limited
The Akola Urban Cooperative Bank Limited operates a wide network of branches across India, including the Gandhibagh branch in Nagpur. 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, TAUB0001021.
Branch details at a glance
| Bank Name | The Akola Urban Cooperative Bank Limited |
|---|---|
| Branch | Gandhibagh |
| IFSC Code | TAUB0001021 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 2NDFLOORAHILYACOMPLEXNEARMEDICINEMARKET,GANDHIBAGH |
| City | Nagpur |
| District | Nagpur |
| State | Maharashtra |
| STD Code | 712 |
| Phone | 277446 |
Gandhibagh branch overview
Located at 2NDFLOORAHILYACOMPLEXNEARMEDICINEMARKET,GANDHIBAGH, the Gandhibagh branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC TAUB0001021 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 GANDHIBAGH branch came to be assigned the code TAUB0001021.
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 TAUB0001021, money simply cannot be routed to the GANDHIBAGH branch electronically.
Account types you can open at the Gandhibagh branch
Once you have an account at The Akola Urban Cooperative Bank Limited – GANDHIBAGH, the IFSC TAUB0001021 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 Gandhibagh 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 TAUB0001021
How to transfer money using IFSC TAUB0001021
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 TAUB0001021 across all three.
NEFT to The Akola Urban Cooperative Bank Limited, GANDHIBAGH using IFSC TAUB0001021
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 TAUB0001021, and confirm that the system picks up The Akola Urban Cooperative Bank Limited – GANDHIBAGH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC TAUB0001021
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to The Akola Urban Cooperative Bank Limited – GANDHIBAGH, ensure your bank's portal accepts IFSC TAUB0001021 while registering the beneficiary. RTGS is also available 24x7.
IMPS to The Akola Urban Cooperative Bank Limited GANDHIBAGH (IFSC TAUB0001021)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC TAUB0001021 in your mobile or internet banking app, and the money is credited to the GANDHIBAGH branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC TAUB0001021 for The Akola Urban Cooperative Bank Limited – GANDHIBAGH, 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 – TAUB0001021 | Yes – TAUB0001021 | Yes – TAUB0001021 |
For most retail customers crediting the Gandhibagh 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 TAUB0001021
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 – GANDHIBAGH is still mapped to IFSC TAUB0001021. 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 TAUB0001021 and the beneficiary's account number to complete the transfer.
Online banking and IFSC TAUB0001021
The Akola Urban Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the GANDHIBAGH 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 TAUB0001021 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 Gandhibagh branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC TAUB0001021 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 TAUB0001021
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 – GANDHIBAGH, 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:
TAUB0001021. - 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 Gandhibagh branch sits at 2NDFLOORAHILYACOMPLEXNEARMEDICINEMARKET,GANDHIBAGH. If you are travelling from outside Nagpur, search for the branch on a maps application using the bank name and locality, or call 712-277446 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 TAUB0001021 and your account number.
Verifying IFSC TAUB0001021 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 TAUB0001021 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 712-277446.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Gandhibagh 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 TAUB0001021 continue to work without interruption.
Branch address & contact
The Akola Urban Cooperative Bank LimitedGandhibagh Branch
2NDFLOORAHILYACOMPLEXNEARMEDICINEMARKET,GANDHIBAGH
Nagpur, Maharashtra
Phone: 712-277446
IFSC: TAUB0001021
Frequently asked questions
How quickly will an NEFT transfer using TAUB0001021 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to The Akola Urban Cooperative Bank Limited – Gandhibagh reflect within 30 minutes.
What is the phone number of The Akola Urban Cooperative Bank Limited Gandhibagh branch?
You can reach the branch at 712-277446 during regular banking hours.
Is IFSC TAUB0001021 valid for NEFT and RTGS?
Yes. IFSC TAUB0001021 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is The Akola Urban Cooperative Bank Limited Gandhibagh branch located?
The Akola Urban Cooperative Bank Limited's Gandhibagh branch is located at 2NDFLOORAHILYACOMPLEXNEARMEDICINEMARKET,GANDHIBAGH, Nagpur, Maharashtra.
How do I add The Akola Urban Cooperative Bank Limited Gandhibagh as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC TAUB0001021, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Gandhibagh branch but serve different purposes.
Is IFSC TAUB0001021 the same for all accounts at Gandhibagh branch?
Yes. The IFSC TAUB0001021 is shared by every account held at The Akola Urban Cooperative Bank Limited's Gandhibagh branch. Only the account number changes from customer to customer.
Can I use IFSC TAUB0001021 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC TAUB0001021 to send funds instantly.
Final notes
To recap: TAUB0001021 is the IFSC code of The Akola Urban Cooperative Bank Limited, GANDHIBAGH branch, in NAGPUR, 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.
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