Merchants Souharda Sahakara Bank Niyamitha — Merchants Souharda Sahakara Bank Niyamitha IMPS Branch

How to Use IBKL01241MB for Money Transfers

The IFSC code IBKL01241MB is specifically assigned to the Merchants Souharda Sahakara Bank Niyamitha IMPS branch of Merchants Souharda Sahakara Bank Niyamitha located in MUMBAI, MAHARASHTRA. This unique code is mandatory for routing electronic payments correctly within India.

NEFT Transfer

Use IBKL01241MB when adding this branch as a beneficiary in NEFT transactions. NEFT operates in half-hourly batches from 12:30 AM to 12:00 AM on all days. Enter the IFSC, account number, and account holder name carefully to ensure successful transfer.

RTGS Transfer

For high-value transactions above ₹2 lakh, RTGS offers real-time gross settlement. Use IBKL01241MB along with the beneficiary's exact account number. RTGS is available on working days from 7:00 AM to 6:00 PM.

IMPS & UPI

IMPS and UPI allow instant 24×7 transfers. While UPI apps often auto-resolve the IFSC from the VPA, mobile banking apps require IBKL01241MB when registering a new beneficiary.

Always double-check the account number before confirming any transfer — the IFSC routes funds to the correct branch, but the account number specifies the exact recipient.

About Merchants Souharda Sahakara Bank Niyamitha Merchants Souharda Sahakara Bank Niyamitha IMPS Branch

The Merchants Souharda Sahakara Bank Niyamitha IMPS branch of Merchants Souharda Sahakara Bank Niyamitha is situated in MUMBAI, MAHARASHTRA. The branch address is NO 1ST FLOOR SANTHEPET NEAR GANDHI CIRCLE CHITRADURGA 577501. This branch supports electronic payment services including NEFT, RTGS, IMPS, and UPI. You can contact this branch at +918277065263. Always use the IFSC code IBKL01241MB when making any online fund transfer to an account held at this branch.