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 Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur branch in Haveri, Ranebennur, Karnataka, 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 Haveri or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code IBKL0069BUB. 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, Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur, Haveri
The table below shows the main details of the IFSC Code IBKL0069BUB for the Idbi Bank branch in Haveri, which falls under the Ranebennur district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0069BUB |
| Branch | Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur |
| City | Haveri |
| District | Ranebennur |
| State | Karnataka |
| Address | Apmc Road,Ranebennur-581115,Dist-Haveri |
These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Haveri for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0069BUB for the Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur 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 IBKL0069BUB is given to every bank branch, including Idbi Bank located in Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur, Haveri, Karnataka, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Haveri.
- 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 Haveri and Ranebennur.
- 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 Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur doesn't end up at another location.
Format of the IFSC Code IBKL0069BUB
The format of the IFSC Code for banks, including Idbi Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Idbi Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur in Haveri.
For example, the IFSC Code IBKL0069BUB of Idbi Bank for the Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur branch includes these elements, identifying the bank and the branch location in Haveri and Karnataka accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0069BUB of Idbi Bank for its Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur branch located in Haveri, 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 Haveri and Ranebennur, 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 Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur or Haveri to get the exact IFSC Code IBKL0069BUB.
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 Haveri, you'll get the correct details.
How to Use IFSC Code IBKL0069BUB for Online Transfers?
Once you have the IFSC Code IBKL0069BUB for the Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur branch of Idbi Bank in Haveri, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0069BUB. 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 IBKL0069BUB.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur in Haveri, 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 Shree Basaveshwar Urban Coop Bank Ltd,Ranebennur, 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 Haveri to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0069BUB.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Apmc Road,Ranebennur-581115,Dist-Haveri located in Haveri, Ranebennur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.