For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Idbi Bank for its The Berhampore Co-Operative Central Bank Ltd branch in Baleshwar, Berhampur, Odisha, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Idbi Bank located in Baleshwar or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code IBKL0216BCB. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Idbi Bank, The Berhampore Co-Operative Central Bank Ltd, Baleshwar
Here are the main details that are associated with the IFSC Code IBKL0216BCB of Idbi Bank for its branch located in Baleshwar, within the district of Berhampur in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0216BCB |
| Branch | The Berhampore Co-Operative Central Bank Ltd |
| City | Baleshwar |
| District | Berhampur |
| State | Odisha |
| Address | Berhampur,Ganjam,Odisha-760001 |
These details help users in online banking and for businesses and individuals who use Idbi Bank in Baleshwar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0216BCB for the The Berhampore Co-Operative Central Bank Ltd branch of Idbi Bank has a very important 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 The Berhampore Co-Operative Central Bank Ltd, Baleshwar, Odisha, is provided with a unique IFSC like IBKL0216BCB to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Baleshwar.
- 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 Baleshwar and Berhampur.
- 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Idbi Bank in The Berhampore Co-Operative Central Bank Ltd do not get mixed with another location.
Format of the IFSC Code IBKL0216BCB
The format of the IFSC Code for banks, including Idbi Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Idbi Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as The Berhampore Co-Operative Central Bank Ltd in Baleshwar.
For example, the IFSC Code IBKL0216BCB of Idbi Bank for the The Berhampore Co-Operative Central Bank Ltd branch includes these elements, identifying the bank and the branch location in Baleshwar and Odisha correctly.
How to Find IFSC Code for Idbi Bank?
To find the IFSC Code IBKL0216BCB of Idbi Bank for its The Berhampore Co-Operative Central Bank Ltd branch located in Baleshwar, 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 Baleshwar and Berhampur, 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 The Berhampore Co-Operative Central Bank Ltd or Baleshwar to find the exact IFSC Code IBKL0216BCB.
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 Baleshwar will provide accurate information.
How to Use IFSC Code IBKL0216BCB for Online Transfers?
Once you have the IFSC Code IBKL0216BCB for the The Berhampore Co-Operative Central Bank Ltd branch of Idbi Bank in Baleshwar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0216BCB. 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 IBKL0216BCB.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank The Berhampore Co-Operative Central Bank Ltd in Baleshwar, 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 The Berhampore Co-Operative Central Bank Ltd, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Baleshwar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0216BCB.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Berhampur,Ganjam,Odisha-760001 located in Baleshwar, Berhampur, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.