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 Idbi Bank Ltd, University Road, Gwalior branch in Gwalior, Gwalior, Madhya Pradesh, 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 Gwalior or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code IBKL0002195. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, Idbi Bank Ltd, University Road, Gwalior, Gwalior
The table below shows the main details of the IFSC Code IBKL0002195 for the Idbi Bank branch in Gwalior, which falls under the Gwalior district in Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0002195 |
| Branch | Idbi Bank Ltd, University Road, Gwalior |
| City | Gwalior |
| District | Gwalior |
| State | Madhya Pradesh |
| Address | 10 Saraswaati Nagar, University Road Thatipur Gwalior |
These details are crucial, not just for online banking users but also for businesses and individuals who use Idbi Bank in Gwalior for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0002195 for the Idbi Bank Ltd, University Road, Gwalior 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 IBKL0002195 is given to every bank branch, including Idbi Bank located in Idbi Bank Ltd, University Road, Gwalior, Gwalior, Madhya Pradesh, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Gwalior.
- 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 Gwalior and Gwalior.
- 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 Madhya Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in Idbi Bank Ltd, University Road, Gwalior doesn't end up at another location.
Format of the IFSC Code IBKL0002195
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 Idbi Bank Ltd, University Road, Gwalior in Gwalior.
For example, the IFSC Code IBKL0002195 of Idbi Bank for the Idbi Bank Ltd, University Road, Gwalior branch includes these elements, identifying the bank and the branch location in Gwalior and Madhya Pradesh accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0002195 of Idbi Bank for its Idbi Bank Ltd, University Road, Gwalior branch located in Gwalior, 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 Gwalior and Gwalior, 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 Idbi Bank Ltd, University Road, Gwalior or Gwalior to get the exact IFSC Code IBKL0002195.
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 Gwalior, you'll get the correct details.
How to Use IFSC Code IBKL0002195 for Online Transfers?
Once you have the IFSC Code IBKL0002195 for the Idbi Bank Ltd, University Road, Gwalior branch of Idbi Bank in Gwalior, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0002195. 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 IBKL0002195.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Idbi Bank Idbi Bank Ltd, University Road, Gwalior in Gwalior may result in delayed or failed transactions.
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 Idbi Bank Ltd, University Road, Gwalior, 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 Gwalior manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Idbi Bank Ltd, University Road, Gwalior Gwalior branch is IBKL0002195.
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 10 Saraswaati Nagar, University Road Thatipur Gwalior.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.