Nanded Merchants Co Operative Bank Nanded Nanded Merchants Co-operative Bank Nanded Imps IFSC Code
Nanded Merchants Co Operative Bank Nanded
IFSC · Used for NEFT, IMPS & RTGS
MICR · Used for Cheque Clearance
Branch
Nanded Merchants Co-operative Bank Nanded Imps
Address
The Nanded Merchant Co Op Bank Ltd,head Office,mahatma Gandhi Road,nanded 431604
View on Google MapsDistrict
Nanded
State
Maharashtra
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Frequently Asked Questions
About Nanded Merchants Co Operative Bank Nanded Nanded Merchants Co-operative Bank Nanded Imps (mahatma Gandhi Road Nanded 4 - 0nmc), Nanded
The IFSC code IBKL0500NMC (lowercase: ibkl0500nmc) belongs to Nanded Merchants Co Operative Bank Nanded, specifically the Nanded Merchants Co-operative Bank Nanded Imps (mahatma Gandhi Road Nanded 4 - 0nmc) branch located in Nanded, Maharashtra.
The 5th character in the IFSC code IBKL0500NMC is a zero (0), not the letter 'O'. The correct format is IBKL0500NMC (lowercase: ibkl0500nmc), and not IBKLO500NMC. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of Nanded Merchants Co Operative Bank Nanded Nanded Merchants Co-operative Bank Nanded Imps (mahatma Gandhi Road Nanded 4 - 0nmc) in Nanded, Maharashtra is IBKL0500NMC. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
Nanded Merchants Co Operative Bank Nanded Nanded Merchants Co-operative Bank Nanded Imps (mahatma Gandhi Road Nanded 4 - 0nmc) is located at The Nanded Merchant Co Op Bank Ltd,head Office,mahatma Gandhi Road,nanded 431604, Nanded, Maharashtra. You can click the "View on Google Maps" button on this page to get directions.
The MICR (Magnetic Ink Character Recognition) code of Nanded Merchants Co Operative Bank Nanded Nanded Merchants Co-operative Bank Nanded Imps (mahatma Gandhi Road Nanded 4 - 0nmc) is 431883000. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.
Yes. IFSC code IBKL0500NMC is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code IBKL0500NMC by checking: (1) The top-left corner of any Nanded Merchants Co Operative Bank Nanded Nanded Merchants Co-operative Bank Nanded Imps (mahatma Gandhi Road Nanded 4 - 0nmc) cheque leaf, (2) The first page of your Nanded Merchants Co Operative Bank Nanded passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: IBKL0500NMC
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
Swipe to see all
IBKL0500NMC
What Each Part Means
- Bank Code — IBKL
- The first 4 characters uniquely identify Nanded Merchants Co Operative Bank Nanded at the national level. Every branch of Nanded Merchants Co Operative Bank Nanded across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — 500NMC
- The final 6 characters 500NMC uniquely identify this specific branch within the Nanded Merchants Co Operative Bank Nanded network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | IBKL | Identifies Nanded Merchants Co Operative Bank Nanded |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | 500NMC | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
Nanded Merchants Co Operative Bank Nanded
Nanded Merchants Co-operative Bank Nanded Imps (mahatma Gandhi Road Nanded 4 - 0nmc), Nanded, Maharashtra
Cheque No.
00000500
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | IBKL0500NMC | 431883000 |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.