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 Mogaveera Co-Op. Bank Ltd. Dombivali Branch branch in Greater Bombay, Mumbai, 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 Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0452M62. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, The Mogaveera Co-Op. Bank Ltd. Dombivali Branch, Greater Bombay
Here are the key points that are associated with the IFSC Code IBKL0452M62 of Idbi Bank for its branch located in Greater Bombay, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0452M62 |
| Branch | The Mogaveera Co-Op. Bank Ltd. Dombivali Branch |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | 103-106,Saroja Arcade,1St Floor,Patkar Road,Opp.Railway Station,Dombivali ( E),Thane -421 201 |
These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Greater Bombay for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0452M62 for the The Mogaveera Co-Op. Bank Ltd. Dombivali Branch 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 that is provided by the Reserve Bank of India. A unique IFSC like IBKL0452M62 is given to every bank branch, including Idbi Bank located in The Mogaveera Co-Op. Bank Ltd. Dombivali Branch, Greater Bombay, Maharashtra, to make sure that online payments reach the right place.
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 kind of confusion between multiple branches of the same bank across different places like Greater Bombay and Mumbai.
- 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in The Mogaveera Co-Op. Bank Ltd. Dombivali Branch doesn't end up at another location.
Format of the IFSC Code IBKL0452M62
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): 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 Mogaveera Co-Op. Bank Ltd. Dombivali Branch in Greater Bombay.
For example, the IFSC Code IBKL0452M62 of Idbi Bank for the The Mogaveera Co-Op. Bank Ltd. Dombivali Branch branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0452M62 of Idbi Bank for its The Mogaveera Co-Op. Bank Ltd. Dombivali Branch branch located in Greater Bombay, 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 Greater Bombay and Mumbai, 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 Mogaveera Co-Op. Bank Ltd. Dombivali Branch or Greater Bombay to get the exact IFSC Code IBKL0452M62.
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 Greater Bombay that will provide accurate information.
How to Use IFSC Code IBKL0452M62 for Online Transfers?
Once you have the IFSC Code IBKL0452M62 for the The Mogaveera Co-Op. Bank Ltd. Dombivali Branch branch of Idbi Bank in Greater Bombay, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0452M62. 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 IBKL0452M62.
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 Mogaveera Co-Op. Bank Ltd. Dombivali Branch in Greater Bombay 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 Mogaveera Co-Op. Bank Ltd. Dombivali Branch, 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 Greater Bombay manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0452M62.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 103-106,Saroja Arcade,1St Floor,Patkar Road,Opp.Railway Station,Dombivali ( E),Thane -421 201 located in Greater Bombay, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.