IFSC Code of Idbi Bank, Progressive Co-Operative Bank Ltd Dadar, Mumbai, Maharashtra — IBKL0454PC3

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Idbi Bank for its Progressive Co-Operative Bank Ltd Dadar branch in Greater Bombay, Mumbai, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Idbi Bank located in Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0454PC3. 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, Progressive Co-Operative Bank Ltd Dadar, Greater Bombay

Below in the table are the key details related to IFSC Code IBKL0454PC3 of Idbi Bank for its branch located in Greater Bombay, within the district of Mumbai in the state of Maharashtra.

These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Greater Bombay for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0454PC3 for the Progressive Co-Operative Bank Ltd Dadar branch of Idbi Bank plays 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, including Idbi Bank located in Progressive Co-Operative Bank Ltd Dadar, Greater Bombay, Maharashtra, is provided with a unique IFSC like IBKL0454PC3 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Idbi Bank branch in Greater Bombay.
• 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 Greater Bombay and Mumbai.
• 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 Progressive Co-Operative Bank Ltd Dadar do not get mixed with another location.

Format of the IFSC Code IBKL0454PC3

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 Progressive Co-Operative Bank Ltd Dadar in Greater Bombay.

For example, the IFSC Code IBKL0454PC3 of Idbi Bank for the Progressive Co-Operative Bank Ltd Dadar branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra correctly.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0454PC3 of Idbi Bank for its Progressive Co-Operative Bank Ltd Dadar branch located in Greater Bombay, the following methods can help:

Cheque Book

The cheque book issued by Idbi Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Idbi Bank branches in Greater Bombay and Mumbai, print them on the first page of your passbook.

Bank Website

Visit the official website of Idbi Bank and navigate to the branch locator section. Search for Progressive Co-Operative Bank Ltd Dadar or Greater Bombay to get the exact IFSC Code IBKL0454PC3.

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 keeps an updated list of all IFSC codes. If you search for Idbi Bank and Greater Bombay, you'll get the correct details.

How to Use IFSC Code IBKL0454PC3 for Online Transfers?

Once you have the IFSC Code IBKL0454PC3 for the Progressive Co-Operative Bank Ltd Dadar branch of Idbi Bank in Greater Bombay, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code IBKL0454PC3. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 IBKL0454PC3.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Progressive Co-Operative Bank Ltd Dadar in Greater Bombay, 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 Progressive Co-Operative Bank Ltd Dadar, 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 Greater Bombay manage online transfers as well as cheque clearances with ease.