Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Idbi Bank for its The Davangere Urban Coop Bank Ltd branch in Davangere, Davangere, Karnataka, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Idbi Bank located in Davangere or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code IBKL0069DUB. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Idbi Bank, The Davangere Urban Coop Bank Ltd, Davangere

Here are the main details that are associated with the IFSC Code IBKL0069DUB of Idbi Bank for its branch located in Davangere, within the district of Davangere in the state of Karnataka.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0069DUB
Branch The Davangere Urban Coop Bank Ltd
City Davangere
District Davangere
State Karnataka
Address Head Office, Po Box No-217, P.B.Road, Near Gandhi Circle, Davangere-577002

These details helps users in online banking and for businesses and individuals who use Idbi Bank in Davangere for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0069DUB for the The Davangere Urban Coop Bank Ltd 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 that is provided by the Reserve Bank of India. A unique IFSC like IBKL0069DUB is given to every bank branch, including Idbi Bank located in The Davangere Urban Coop Bank Ltd, Davangere, Karnataka, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Idbi Bank branch in Davangere.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Davangere and Davangere.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in The Davangere Urban Coop Bank Ltd doesn't end up at another location.

Format of the IFSC Code IBKL0069DUB

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 The Davangere Urban Coop Bank Ltd in Davangere.

For example, the IFSC Code IBKL0069DUB of Idbi Bank for the The Davangere Urban Coop Bank Ltd branch has these elements, identifying the bank and the branch location in Davangere and Karnataka correctly.

How to Find IFSC Code for Idbi Bank?

If you are looking for the IFSC Code IBKL0069DUB of Idbi Bank for its The Davangere Urban Coop Bank Ltd branch located in Davangere, the following methods can help:

Cheque Book

The cheque book that is issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Idbi Bank branches in Davangere and Davangere, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Idbi Bank and look for the branch locator section, then search for The Davangere Urban Coop Bank Ltd or Davangere to get the exact IFSC Code IBKL0069DUB.

Mobile Banking App

If you use Idbi Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Idbi Bank and Davangere, then it will provide you proper information.

How to Use IFSC Code IBKL0069DUB for Online Transfers?

Once you have the IFSC Code IBKL0069DUB for the The Davangere Urban Coop Bank Ltd branch of Idbi Bank in Davangere, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0069DUB. Transfers are processed in batches. This is suitable for 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 IBKL0069DUB.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Idbi Bank The Davangere Urban Coop Bank Ltd in Davangere may result in delayed or failed transactions.

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 Davangere Urban Coop Bank Ltd, 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 Davangere to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idbi Bank The Davangere Urban Coop Bank Ltd Davangere?

The IFSC Code of the The Davangere Urban Coop Bank Ltd Davangere branch is IBKL0069DUB.

Is IFSC Code IBKL0069DUB permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Idbi Bank The Davangere Urban Coop Bank Ltd branch?

The branch is located at Head Office, Po Box No-217, P.B.Road, Near Gandhi Circle, Davangere-577002.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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