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 Truner Road, Bandra (W), Mumbai branch in Greater Mumbai, 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 Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0000175. 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, Truner Road, Bandra (W), Mumbai, Greater Mumbai
The table below shows the main details of the IFSC Code IBKL0000175 for the Idbi Bank branch in Greater Mumbai, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0000175 |
| Branch | Truner Road, Bandra (W), Mumbai |
| City | Greater Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Hemendra Chanchlani Idbi Bank, Mangal Darshan, 14 Truner Road, Bandra (W), Mumbai-4000050 |
These details helps users in online banking and for businesses and individuals who use Idbi Bank in Greater Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0000175 for the Truner Road, Bandra (W), Mumbai branch of Idbi Bank plays a vital 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 Truner Road, Bandra (W), Mumbai, Greater Mumbai, Maharashtra, are allotted a unique IFSC like IBKL0000175 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Greater Mumbai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Greater Mumbai and Mumbai.
- 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 Truner Road, Bandra (W), Mumbai reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code IBKL0000175
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 Truner Road, Bandra (W), Mumbai in Greater Mumbai.
For example, the IFSC Code IBKL0000175 of Idbi Bank for the Truner Road, Bandra (W), Mumbai branch includes these elements, identifying the bank and the branch location in Greater Mumbai and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0000175 of Idbi Bank for its Truner Road, Bandra (W), Mumbai branch located in Greater Mumbai, 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 Mumbai 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 Truner Road, Bandra (W), Mumbai or Greater Mumbai to get the exact IFSC Code IBKL0000175.
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 Mumbai, you'll get the correct details.
How to Use IFSC Code IBKL0000175 for Online Transfers?
Once you have the IFSC Code IBKL0000175 for the Truner Road, Bandra (W), Mumbai branch of Idbi Bank in Greater Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0000175. 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 IBKL0000175.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Truner Road, Bandra (W), Mumbai in Greater Mumbai, 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 Truner Road, Bandra (W), Mumbai, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Greater Mumbai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Truner Road, Bandra (W), Mumbai Greater Mumbai branch is IBKL0000175.
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 Hemendra Chanchlani Idbi Bank, Mangal Darshan, 14 Truner Road, Bandra (W), Mumbai-4000050.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.