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 Johal Raju Singh Wala branch in Amritsar, Tarn Taran, Punjab, 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 Amritsar or anywhere in Punjab can easily transfer funds instantly by using the correct IFSC Code IBKL0001417. 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, Johal Raju Singh Wala, Amritsar
The table below shows the main details of the IFSC Code IBKL0001417 for the Idbi Bank branch in Amritsar, which falls under the Tarn Taran district in Punjab.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0001417 |
| Branch | Johal Raju Singh Wala |
| City | Amritsar |
| District | Tarn Taran |
| State | Punjab |
| Address | Village Johal Raju Singh Wala,Distt Tarntaran Punjab Pin 143401 |
These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Amritsar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0001417 for the Johal Raju Singh Wala branch of Idbi Bank is vital.
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, along with Idbi Bank located in Johal Raju Singh Wala, Amritsar, Punjab, are allotted a unique IFSC like IBKL0001417 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Amritsar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Amritsar and Tarn Taran.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Idbi Bank in Johal Raju Singh Wala reaches the right place, even though there are thousands of branches in Punjab and across India.
Format of the IFSC Code IBKL0001417
The format of the IFSC Code for banks, including Idbi Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Idbi Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Johal Raju Singh Wala in Amritsar.
For example, the IFSC Code IBKL0001417 of Idbi Bank for the Johal Raju Singh Wala branch includes these elements, identifying the bank and the branch location in Amritsar and Punjab accurately.
How to Find IFSC Code for Idbi Bank?
To find the IFSC Code IBKL0001417 of Idbi Bank for its Johal Raju Singh Wala branch located in Amritsar, 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 Amritsar and Tarn Taran, 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 Johal Raju Singh Wala or Amritsar to find the exact IFSC Code IBKL0001417.
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 Amritsar will provide accurate information.
How to Use IFSC Code IBKL0001417 for Online Transfers?
Once you have the IFSC Code IBKL0001417 for the Johal Raju Singh Wala branch of Idbi Bank in Amritsar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0001417. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Idbi Bank IFSC Code IBKL0001417.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Johal Raju Singh Wala in Amritsar, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Idbi Bank in Johal Raju Singh Wala, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Amritsar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Johal Raju Singh Wala Amritsar branch is IBKL0001417.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Village Johal Raju Singh Wala,Distt Tarntaran Punjab Pin 143401.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.