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 Mogaveera Co-Op. Bank Ltd. Fort Branch branch in Greater Bombay, Mumbai, Maharashtra, 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 Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0452M52. 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 Mogaveera Co-Op. Bank Ltd. Fort Branch, Greater Bombay
Below in the table are the key details related to IFSC Code IBKL0452M52 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 | IBKL0452M52 |
| Branch | The Mogaveera Co-Op. Bank Ltd. Fort Branch |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | A/3,Ground Floor,30/36 Tamarind House,Tamarind Lane,Opp.Purnima Hotel,Fort,Mumbai -400 023 |
These details help users in online banking and for businesses and individuals who use Idbi Bank in Greater Bombay for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0452M52 for the The Mogaveera Co-Op. Bank Ltd. Fort Branch branch of Idbi Bank has a very important 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 IBKL0452M52 is given to every bank branch, including Idbi Bank located in The Mogaveera Co-Op. Bank Ltd. Fort 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. Fort Branch doesn't end up at another location.
Format of the IFSC Code IBKL0452M52
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 The Mogaveera Co-Op. Bank Ltd. Fort Branch in Greater Bombay.
For example, the IFSC Code IBKL0452M52 of Idbi Bank for the The Mogaveera Co-Op. Bank Ltd. Fort Branch 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 looking for the IFSC Code IBKL0452M52 of Idbi Bank for its The Mogaveera Co-Op. Bank Ltd. Fort Branch branch located in Greater Bombay, 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 Greater Bombay and Mumbai, 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 Mogaveera Co-Op. Bank Ltd. Fort Branch or Greater Bombay to get the exact IFSC Code IBKL0452M52.
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 Greater Bombay, then it will provide you proper information.
How to Use IFSC Code IBKL0452M52 for Online Transfers?
Once you have the IFSC Code IBKL0452M52 for the The Mogaveera Co-Op. Bank Ltd. Fort Branch 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 IBKL0452M52. 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 IBKL0452M52.
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 Mogaveera Co-Op. Bank Ltd. Fort Branch in Greater Bombay, your payment can get delayed or might not go through at all.
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. Fort 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 of the The Mogaveera Co-Op. Bank Ltd. Fort Branch Greater Bombay branch is IBKL0452M52.
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 A/3,Ground Floor,30/36 Tamarind House,Tamarind Lane,Opp.Purnima Hotel,Fort,Mumbai -400 023.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.