There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Idbi Bank for its Sangli Dcc Bank Ltd,Sangli Khanderajuri branch in Agi, Malgaon, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Idbi Bank situated in Agi or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code IBKL0SDC162. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Idbi Bank, Sangli Dcc Bank Ltd,Sangli Khanderajuri, Agi
The table below shows the main details of the IFSC Code IBKL0SDC162 for the Idbi Bank branch in Agi, which falls under the Malgaon district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0SDC162 |
| Branch | Sangli Dcc Bank Ltd,Sangli Khanderajuri |
| City | Agi |
| District | Malgaon |
| State | Maharashtra |
| Address | A/P Khanderajuri Tal -Miraj Dist -Sangli |
These details helps users in online banking and for businesses and individuals who use Idbi Bank in Agi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0SDC162 for the Sangli Dcc Bank Ltd,Sangli Khanderajuri branch of Idbi Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Idbi Bank located in Sangli Dcc Bank Ltd,Sangli Khanderajuri, Agi, Maharashtra, is provided with a unique IFSC like IBKL0SDC162 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Agi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Agi and Malgaon.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Idbi Bank in Sangli Dcc Bank Ltd,Sangli Khanderajuri do not get mixed with another location.
Format of the IFSC Code IBKL0SDC162
The format of the IFSC Code for banks, including Idbi Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Idbi Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Sangli Dcc Bank Ltd,Sangli Khanderajuri in Agi.
For example, the IFSC Code IBKL0SDC162 of Idbi Bank for the Sangli Dcc Bank Ltd,Sangli Khanderajuri branch has these elements, identifying the bank and the branch location in Agi and Maharashtra correctly.
How to Find IFSC Code for Idbi Bank?
To find the IFSC Code IBKL0SDC162 of Idbi Bank for its Sangli Dcc Bank Ltd,Sangli Khanderajuri branch located in Agi, the following methods can help you out:
Cheque Book
The cheque book issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Idbi Bank branches in Agi and Malgaon, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Idbi Bank and go to the branch locator section. Then search for Sangli Dcc Bank Ltd,Sangli Khanderajuri or Agi to find the exact IFSC Code IBKL0SDC162.
Mobile Banking App
If you use Idbi Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Idbi Bank and Agi will provide accurate information.
How to Use IFSC Code IBKL0SDC162 for Online Transfers?
Once you have the IFSC Code IBKL0SDC162 for the Sangli Dcc Bank Ltd,Sangli Khanderajuri branch of Idbi Bank in Agi, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0SDC162. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Idbi Bank IFSC Code IBKL0SDC162.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Idbi Bank Sangli Dcc Bank Ltd,Sangli Khanderajuri in Agi, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Idbi Bank in Sangli Dcc Bank Ltd,Sangli Khanderajuri, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Idbi Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Agi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0SDC162.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is A/P Khanderajuri Tal -Miraj Dist -Sangli located in Agi, Malgaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.