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 Dhanbad branch in Dhanbad, Dhanbad, Jharkhand, 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 Dhanbad or anywhere in Jharkhand can easily transfer funds instantly by using the correct IFSC Code IBKL0000112. 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, Dhanbad, Dhanbad
The table below shows the main details of the IFSC Code IBKL0000112 for the Idbi Bank branch in Dhanbad, which falls under the Dhanbad district in Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0000112 |
| Branch | Dhanbad |
| City | Dhanbad |
| District | Dhanbad |
| State | Jharkhand |
| Address | Balmurugan Complexavinashi Road |
These details are crucial, not just for online banking users but also for businesses and individuals who use Idbi Bank in Dhanbad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0000112 for the Dhanbad branch of Idbi Bank has an 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, along with Idbi Bank located in Dhanbad, Dhanbad, Jharkhand, are allotted a unique IFSC like IBKL0000112 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Dhanbad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Dhanbad and Dhanbad.
- 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 Dhanbad reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code IBKL0000112
This is the format of the IFSC Code for banks, including Idbi Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Idbi Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Dhanbad in Dhanbad.
For example, the IFSC Code IBKL0000112 of Idbi Bank for the Dhanbad branch includes these elements, identifying the bank and the branch location in Dhanbad and Jharkhand accurately.
How to Find IFSC Code for Idbi Bank?
If you are looking for the IFSC Code IBKL0000112 of Idbi Bank for its Dhanbad branch located in Dhanbad, 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 Dhanbad and Dhanbad, 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 Dhanbad or Dhanbad to get the exact IFSC Code IBKL0000112.
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 Dhanbad, then it will provide you proper information.
How to Use IFSC Code IBKL0000112 for Online Transfers?
Once you have the IFSC Code IBKL0000112 for the Dhanbad branch of Idbi Bank in Dhanbad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0000112. 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 IBKL0000112.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Idbi Bank Dhanbad in Dhanbad may 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 Dhanbad, 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 Dhanbad manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Dhanbad Dhanbad branch is IBKL0000112.
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 Balmurugan Complexavinashi Road.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.