IFSC Code IBKL0116VMC — Vita Merchants Co Operative Bank, Vita

Q: What is IFSC code IBKL0116VMC and which branch does it identify?

IFSC code IBKL0116VMC is the 11-character alphanumeric code assigned by the Reserve Bank of India to the Vita Merchants Co Operative Bank branch of Vita Merchants 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 (116VMC) identify this specific branch. No other branch in India shares this exact 11-character combination. Use IBKL0116VMC 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 IBKL0116VMC to link my Vita Merchants Co-operative Bank account to UPI?

To link your Vita Merchants Co-operative Bank Vita Merchants Co Operative Bank account to UPI, open any UPI app — PhonePe, Google Pay, Paytm, or BHIM — and select "Add bank account". Choose Vita Merchants 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 IBKL0116VMC in the background — you do not need to enter the code manually. Once linked, your UPI VPA (such as yourname@vitamerchantscooperativebank) 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 IBKL0116VMC? Is RTGS faster?

NEFT transfers to Vita Merchants Co Operative Bank using IFSC IBKL0116VMC 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 IBKL0116VMC, which settles within seconds, 24×7, year-round.

Q: How long is the beneficiary cooling period when I add IFSC IBKL0116VMC to net banking?

When you add a new beneficiary using IFSC IBKL0116VMC 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 Vita Merchants Co-operative Bank Vita Merchants 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 Vita Merchants Co-operative Bank's IFSC code changed due to a bank merger? Is IBKL0116VMC 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 Vita Merchants 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 IBKL0116VMC 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 IBKL0116VMC have to be zero (0) and not the letter O?

The 5th character of every IFSC code — including IBKL0116VMC — 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.

IFSC Code for Vita Merchants Co Operative Bank — Vita Merchants Co-operative Bank

The IFSC code for Vita Merchants Co Operative Bank branch of Vita Merchants Co-operative Bank in Mumbai, Maharashtra is IBKL0116VMC. Use this for NEFT, RTGS, IMPS transfers and UPI account linking.

About IFSC Code IBKL0116VMC — Vita Merchants Co Operative Bank, Vita Merchants Co-operative Bank

IFSC code IBKL0116VMC is the official 11-character alphanumeric identifier assigned by the Reserve Bank of India to the Vita Merchants Co Operative Bank branch of Vita Merchants Co-operative Bank located in Mumbai, Maharashtra. This code is used exclusively by India's electronic payment networks — NEFT, RTGS, IMPS, and UPI — to route digital fund transfers to the exact bank branch where the recipient's account is held. IFSC codes are not used for cheque clearing or paper-based instruments; those processes use the MICR code printed on cheque leaves. Without the correct IFSC code, no digital transfer to this branch can be processed.

How to Read IFSC Code IBKL0116VMC

The 11-character code IBKL0116VMC is structured in three segments the RBI uses to route every NEFT and RTGS transfer: IBKL is the bank identifier — a four-letter code that identifies Vita Merchants Co-operative Bank in the RBI's settlement network. 0 is the reserved zero at position 5 — always the digit 0 (never the letter O), mandated by the RBI for future use. 116VMC is the branch identifier — six alphanumeric characters assigned exclusively to the Vita Merchants Co Operative Bank branch. No other branch in India carries this exact combination, which is what allows NEFT and RTGS systems to credit funds to one specific branch out of more than 1.6 lakh branches nationwide.

NEFT, RTGS, IMPS, and UPI — When to Use IFSC IBKL0116VMC

IFSC code IBKL0116VMC is required every time money moves digitally to or from the Vita Merchants Co Operative Bank branch.

NEFT — Any Amount, Half-Hourly Batches: Settles in half-hourly batches, available 24×7. The sender enters your account number + IFSC IBKL0116VMC.
RTGS — Minimum ₹2 Lakh, Real-Time Settlement: Funds arrive in real time. Operates 7:00 AM to 6:00 PM on RBI working days.
IMPS — Instant Transfers, 24×7 Including Holidays: Settles within seconds. Up to ₹5 lakh per transaction using account number + IFSC.
UPI Account Linking — One-Time Registration: The app validates IFSC IBKL0116VMC in the background during account setup.
Net Banking Beneficiary Registration: Add using account number + IFSC IBKL0116VMC. Allow 30 min–24 hour cooling period.

IFSC, MICR, and BSR Codes for Vita Merchants Co Operative Bank, Vita Merchants Co-operative Bank

The Vita Merchants Co Operative Bank branch is assigned three distinct RBI codes — each used by a completely separate banking system. These codes cannot be interchanged.

IFSC IBKL0116VMC — NEFT, RTGS, IMPS, and UPI account linking.
MICR 416259262 — Cheque clearing, ECS, NACH, SIP mandates. View MICR code →

Step-by-Step: How IFSC IBKL0116VMC Routes a NEFT Transfer

Initiation: Sender enters account number and IFSC IBKL0116VMC.
Validation: Sender's bank validates the IFSC against the RBI NEFT master list.
Bank routing: IBKL identifies Vita Merchants Co-operative Bank as the receiving bank.
Branch routing: 116VMC routes to Vita Merchants Co Operative Bank specifically.
Settlement: At the next NEFT batch, RBI credits Vita Merchants Co-operative Bank who credits the beneficiary account.

Common Mistakes to Avoid with IFSC IBKL0116VMC

Using MICR or BSR instead of IFSC — they serve completely different systems and will be rejected.
Typing letter O instead of digit 0 at position 5 — will fail IFSC validation immediately.
Using a deactivated IFSC after a bank merger — always verify before large RTGS transfers.
Using the wrong branch IFSC — funds route to the branch identified, not any branch of the same bank.
Not accounting for beneficiary cooling period — add beneficiaries at least one business day in advance.

Need this branch's MICR code? View MICR code for Vita Merchants Co Operative Bank →

For TDS challan filing use the BSR Code Lookup. Plan loan repayments with our EMI Calculator.

Frequently Asked Questions

What is IFSC code IBKL0116VMC and which branch does it identify?

How do I use IFSC IBKL0116VMC to link my Vita Merchants Co-operative Bank account to UPI?

What is the NEFT settlement time using IFSC IBKL0116VMC? Is RTGS faster?

How long is the beneficiary cooling period when I add IFSC IBKL0116VMC to net banking?

Has Vita Merchants Co-operative Bank's IFSC code changed due to a bank merger? Is IBKL0116VMC still active?

Why does the 5th character of IFSC IBKL0116VMC have to be zero (0) and not the letter O?