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 Sushant Lok- Gurgaon branch in Gurgaon, Gurgaon, or Haryana, 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 Gurgaon or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code IBKL0000171. 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, Sushant Lok- Gurgaon, Gurgaon

Here are the main details that are associated with the IFSC Code IBKL0000171 of Idbi Bank for its branch located in Gurgaon, within the district of Gurgaon in the state of Haryana.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0000171
Branch Sushant Lok- Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Address 6-7 ,Orchid Square, Sushant Lok ,Phase I,'B' Block, Gurgaon -122002

These details are crucial, not just for online banking users but also for businesses and individuals who use Idbi Bank in Gurgaon for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0000171 for the Sushant Lok- Gurgaon branch of Idbi Bank has an 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 IBKL0000171 is given to every bank branch, including Idbi Bank located in Sushant Lok- Gurgaon, Gurgaon, Haryana, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Idbi Bank branch in Gurgaon.
  • 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 Gurgaon and Gurgaon.
  • 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 Haryana and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in Sushant Lok- Gurgaon doesn't end up at another location.

Format of the IFSC Code IBKL0000171

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): These represent the bank code. In Idbi Bank, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Sushant Lok- Gurgaon in Gurgaon.

For example, the IFSC Code IBKL0000171 of Idbi Bank for the Sushant Lok- Gurgaon branch has these elements, identifying the bank and the branch location in Gurgaon and Haryana correctly.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0000171 of Idbi Bank for its Sushant Lok- Gurgaon branch located in Gurgaon, 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

Most banks, including Idbi Bank branches in Gurgaon and Gurgaon, print the IFSC and MICR codes 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 Sushant Lok- Gurgaon or Gurgaon to get the exact IFSC Code IBKL0000171.

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 Gurgaon, you'll get the correct details.

How to Use IFSC Code IBKL0000171 for Online Transfers?

If you have the IFSC Code IBKL0000171 for the Sushant Lok- Gurgaon branch of Idbi Bank in Gurgaon, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0000171. Transfers are processed in batches. 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. Asks for the recipient's account details and Idbi Bank IFSC Code IBKL0000171.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Idbi Bank Sushant Lok- Gurgaon in Gurgaon, it 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 Sushant Lok- Gurgaon, 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 Gurgaon to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idbi Bank Sushant Lok- Gurgaon Gurgaon?

The IFSC Code of the Sushant Lok- Gurgaon Gurgaon branch is IBKL0000171.

Is IFSC Code IBKL0000171 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Idbi Bank Sushant Lok- Gurgaon branch?

The branch is located at 6-7 ,Orchid Square, Sushant Lok ,Phase I,'B' Block, Gurgaon -122002.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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