IBKL01241MB — Merchants Souharda Sahakara Bank Niyamitha, Merchants Souharda Sahakara Bank Niyamitha Imps
IBKL01241MB is the IFSC code of Merchants Souharda Sahakara Bank Niyamitha, Merchants Souharda Sahakara Bank Niyamitha Imps branch, Mumbai, Maharashtra. MICR 577810502. NEFT yes, RTGS yes, IMPS yes.
| IFSC code | IBKL01241MB |
|---|---|
| Bank | Merchants Souharda Sahakara Bank Niyamitha |
| Branch | Merchants Souharda Sahakara Bank Niyamitha Imps |
| Address | NO 1ST FLOOR SANTHEPET NEAR GANDHI CIRCLE CHITRADURGA 577501 |
| City | Mumbai |
| District | Chitradurga |
| State | Maharashtra |
| MICR code | 577810502 |
| SWIFT code | — |
| Phone | +918277065263 |
| NEFT | Yes |
| RTGS | Yes |
| IMPS | Yes |
| UPI | Yes |
Source: Reserve Bank of India IFSC/MICR list, as compiled by the open-source Razorpay IFSC dataset (MIT licence), updated 08 Nov 2026. Always confirm the IFSC with your bank before sending money.
How to read IFSC IBKL01241MB
| Part | Meaning |
|---|---|
| IBKL | Bank code – Merchants Souharda Sahakara Bank Niyamitha |
| 0 | Fifth character, always zero (kept for future use) |
| 1241MB | Branch code – Merchants Souharda Sahakara Bank Niyamitha Imps, Mumbai |
The MICR code 577810502 is printed at the bottom of cheques from this branch: 577 is the city code, 810 the bank code and 502 the branch code. MICR is used only for cheque clearing; online transfers need the IFSC.
Sending money to Merchants Souharda Sahakara Bank Niyamitha, Merchants Souharda Sahakara Bank Niyamitha Imps
Payments this branch can receive using IFSC IBKL01241MB:
- NEFT – available 24×7, all days; RBI sets no minimum or maximum amount (your bank may set its own limit).
- RTGS – for ₹2 lakh and above, settled in real time, 24×7.
- IMPS – instant transfer 24×7, usually up to ₹5 lakh per transaction.
- UPI – accounts at this branch can be linked to UPI apps.
To pay someone here you need their account number, the account holder’s name and the IFSC IBKL01241MB.
Questions about IFSC IBKL01241MB
What is the IFSC code of Merchants Souharda Sahakara Bank Niyamitha, Merchants Souharda Sahakara Bank Niyamitha Imps branch?
The IFSC code of Merchants Souharda Sahakara Bank Niyamitha, Merchants Souharda Sahakara Bank Niyamitha Imps branch (Mumbai, Maharashtra) is IBKL01241MB.
What is the MICR code of Merchants Souharda Sahakara Bank Niyamitha, Merchants Souharda Sahakara Bank Niyamitha Imps?
The MICR code of this branch is 577810502.
Where is Merchants Souharda Sahakara Bank Niyamitha, Merchants Souharda Sahakara Bank Niyamitha Imps branch located?
The branch address is NO 1ST FLOOR SANTHEPET NEAR GANDHI CIRCLE CHITRADURGA 577501 (Maharashtra).
Does IBKL01241MB support RTGS and NEFT?
NEFT: yes. RTGS: yes. IMPS: yes (as per the RBI list in our records).
Income tax refund not received?
A refund fails when the bank account on the income tax portal is not pre-validated or the IFSC has changed after a bank merger. We fix the account, raise a refund re-issue request and follow up — online, anywhere in India.