IFSC Code for Bagalkot District Central Co Operative Bank — Bagalkot District Central Co-operative Bank

Q: What is IFSC code IBKL01071BD and which branch does it identify?

IFSC code IBKL01071BD is the 11-character alphanumeric code assigned by the Reserve Bank of India to the Bagalkot District Central Co Operative Bank branch of Bagalkot District Central Co-operative Bank in Mumbai, Maharashtra. The first four characters (IBKL) identify the bank across the entire RBI NEFT network, the fifth character is always zero (0), and the last six characters (1071BD) identify this specific branch. No other branch in India shares this exact 11-character combination. Use IBKL01071BD for NEFT, RTGS, IMPS transfers and to link this account to UPI apps like PhonePe, Google Pay, and BHIM.

Q: How do I use IFSC IBKL01071BD to link my Bagalkot District Central Co-operative Bank account to UPI?

To link your Bagalkot District Central Co-operative Bank Bagalkot District Central Co Operative Bank account to UPI, open any UPI app — PhonePe, Google Pay, Paytm, or BHIM — and select "Add bank account". Choose Bagalkot District Central Co-operative Bank from the bank list. The app will auto-detect your registered mobile number and retrieve your account. During verification, the app validates your account against IFSC IBKL01071BD in the background — you do not need to enter the code manually. Once linked, your UPI VPA (such as yourname@bagalkotdistrictcentralcooperativebank) is used for daily payments. The IFSC is only needed during this initial account registration step, not for individual UPI transactions.

Q: What is the NEFT settlement time using IFSC IBKL01071BD? Is RTGS faster?

NEFT transfers to Bagalkot District Central Co Operative Bank using IFSC IBKL01071BD settle in half-hourly batches — available 24 hours a day, 7 days a week including public holidays. A transfer sent at 2:10 PM is batched at 2:30 PM and credited shortly after. There is no minimum or maximum amount for NEFT. RTGS is faster but has a ₹2 lakh minimum. RTGS settles in real time during RBI operating hours (7:00 AM to 6:00 PM on working days). For transfers below ₹2 lakh that need to arrive instantly — including on weekends and bank holidays — use IMPS with IFSC IBKL01071BD, which settles within seconds, 24×7, year-round.

Q: How long is the beneficiary cooling period when I add IFSC IBKL01071BD to net banking?

When you add a new beneficiary using IFSC IBKL01071BD in net banking or mobile banking, most banks enforce a cooling period of 30 minutes to 24 hours before the first transfer is permitted. During this window, the bank sends a confirmation OTP or push notification and blocks outgoing transfers to the new beneficiary. This is a fraud-prevention measure. After the cooling period, per-transaction and per-day limits apply based on your bank's policy and your account type. If you need to transfer money urgently to a Bagalkot District Central Co-operative Bank Bagalkot District Central Co Operative Bank account, add the beneficiary at least one business day in advance. UPI payments bypass beneficiary cooling periods entirely — they can be initiated to a new UPI ID without any wait.

Q: Has Bagalkot District Central Co-operative Bank's IFSC code changed due to a bank merger? Is IBKL01071BD still active?

Bank mergers in India can deactivate IFSC codes. When the RBI merges two banks, it typically issues new IFSC codes for the surviving entity's branches and deactivates old codes from the absorbed bank — sometimes immediately, sometimes on a scheduled date. If Bagalkot District Central Co-operative Bank was involved in a merger, branches of the absorbed bank received new IFSC codes under the surviving bank's code prefix. IFSC IBKL01071BD is listed as active in our database as of Jun 2026. However, before initiating a large RTGS or NEFT transfer, we recommend verifying on the RBI's official IFSC lookup to confirm the code remains valid.

Q: Why does the 5th character of IFSC IBKL01071BD have to be zero (0) and not the letter O?

The 5th character of every IFSC code — including IBKL01071BD — is always the digit zero (0), not the letter O. The RBI mandated this design: position 5 is permanently reserved for future use and is always set to the numeral 0. In many printed fonts and small screens, the digit 0 and the letter O look nearly identical, but they are entirely different ASCII characters. If you type the letter O instead of 0, the payment system will reject the transfer immediately with an "invalid IFSC" error — no transfer will be processed and no money will leave your account. If a transfer to this branch fails IFSC validation, check position 5 of the code first: it must be the digit 0.

The IFSC code for Bagalkot District Central Co Operative Bank branch of Bagalkot District Central Co-operative Bank in Mumbai, Maharashtra is IBKL01071BD. Use this for NEFT, RTGS, IMPS transfers and UPI account linking.

Updated Jun 2026 Bagalkot District Central Co-operative Bank Mumbai Verified

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IFSC Code

IBKL01071BD

Code Breakdown

IBKL Bank

0 Reserved

1071BD Branch

MICR Code View MICR Code

BSR Code BSR Code Lookup

Bank Bagalkot District Central Co-operative Bank

Branch Bagalkot District Central Co Operative Bank

City Mumbai

State Maharashtra

Address Sector No 24,Opp To Sbi,Navanagar,Bagalkot Pin 587 102 , Mumbai , Maharashtra

Data sourced from RBI NEFT/RTGS master records and NPCI. Last reviewed Jun 2026 by BankZop Editorial Team.

Frequently Asked Questions

What is IFSC code IBKL01071BD and which branch does it identify?

How do I use IFSC IBKL01071BD to link my Bagalkot District Central Co-operative Bank account to UPI?

What is the NEFT settlement time using IFSC IBKL01071BD? Is RTGS faster?

How long is the beneficiary cooling period when I add IFSC IBKL01071BD to net banking?

Has Bagalkot District Central Co-operative Bank's IFSC code changed due to a bank merger? Is IBKL01071BD still active?

Why does the 5th character of IFSC IBKL01071BD have to be zero (0) and not the letter O?

IFSC Code for Bagalkot District Central Co Operative Bank — Bagalkot District Central Co-operative Bank

Bagalkot District Central Co Operative Bank

About IFSC Code IBKL01071BD — Bagalkot District Central Co Operative Bank, Bagalkot District Central Co-operative Bank

How to Read IFSC Code IBKL01071BD

NEFT, RTGS, IMPS, and UPI — When to Use IFSC IBKL01071BD

IFSC, MICR, and BSR Codes for Bagalkot District Central Co Operative Bank, Bagalkot District Central Co-operative Bank

Step-by-Step: How IFSC IBKL01071BD Routes a NEFT Transfer

Common Mistakes to Avoid with IFSC IBKL01071BD

Frequently Asked Questions