The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Idbi Bank for its The Yavatmal Urban Co Op Bank Ltd branch in Gondia, Gondia, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Idbi Bank located in Gondia or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0041Y29. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, The Yavatmal Urban Co Op Bank Ltd, Gondia
Below in the table are the key details related to IFSC Code IBKL0041Y29 of Idbi Bank for its branch located in Gondia, within the district of Gondia in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0041Y29 |
| Branch | The Yavatmal Urban Co Op Bank Ltd |
| City | Gondia |
| District | Gondia |
| State | Maharashtra |
| Address | Near Halwai Hotel Association,Shree Talkies Road |
These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Gondia for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0041Y29 for the The Yavatmal Urban Co Op Bank Ltd 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, including Idbi Bank located in The Yavatmal Urban Co Op Bank Ltd, Gondia, Maharashtra, is provided with a unique IFSC like IBKL0041Y29 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Gondia.
- 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 Gondia and Gondia.
- 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 The Yavatmal Urban Co Op Bank Ltd do not get mixed with another location.
Format of the IFSC Code IBKL0041Y29
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 The Yavatmal Urban Co Op Bank Ltd in Gondia.
For example, the IFSC Code IBKL0041Y29 of Idbi Bank for the The Yavatmal Urban Co Op Bank Ltd branch includes these elements, identifying the bank and the branch location in Gondia and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0041Y29 of Idbi Bank for its The Yavatmal Urban Co Op Bank Ltd branch located in Gondia, the following methods can help:
Cheque Book
The cheque books that are issued by Idbi Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Idbi Bank branches in Gondia and Gondia, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Idbi Bank and find the branch locator section. Search for The Yavatmal Urban Co Op Bank Ltd or Gondia to get the exact IFSC Code IBKL0041Y29.
Mobile Banking App
If you use Idbi Bank's mobile app, you can easily 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 to help you in searching for Idbi Bank and Gondia that will provide accurate information.
How to Use IFSC Code IBKL0041Y29 for Online Transfers?
Once you have the IFSC Code IBKL0041Y29 for the The Yavatmal Urban Co Op Bank Ltd branch of Idbi Bank in Gondia, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0041Y29. 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 IBKL0041Y29.
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 Yavatmal Urban Co Op Bank Ltd in Gondia, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Idbi Bank in The Yavatmal Urban Co Op Bank Ltd, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Idbi Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Gondia manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0041Y29.
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 Near Halwai Hotel Association,Shree Talkies Road located in Gondia, Gondia, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.