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 Pachora branch in Jalgaon, Pachora, 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 Jalgaon or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0000642. 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, Pachora, Jalgaon

Here are the main details that are associated with the IFSC Code IBKL0000642 of Idbi Bank for its branch located in Jalgaon, within the district of Pachora in the state of Maharashtra.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0000642
Branch Pachora
City Jalgaon
District Pachora
State Maharashtra
Address Ch.Shivaji Maharaj Comm.Comple1St Floor, Unit No.2,Jamner Road, P B No.24, Pachorajalgaon424201

These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Jalgaon for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0000642 for the Pachora 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 provided by the Reserve Bank of India. Every bank branch, along with Idbi Bank located in Pachora, Jalgaon, Maharashtra, are allotted a unique IFSC like IBKL0000642 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Jalgaon.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Jalgaon and Pachora.
  • 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 Pachora reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code IBKL0000642

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 Pachora in Jalgaon.

For example, the IFSC Code IBKL0000642 of Idbi Bank for the Pachora branch has these elements, identifying the bank and the branch location in Jalgaon and Maharashtra correctly.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0000642 of Idbi Bank for its Pachora branch located in Jalgaon, the following methods can help:

Cheque Book

The cheque books that are issued by Idbi Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Idbi Bank branches in Jalgaon and Pachora, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Idbi Bank and find the branch locator section. Search for Pachora or Jalgaon to get the exact IFSC Code IBKL0000642.

Mobile Banking App

If you use Idbi Bank's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Idbi Bank and Jalgaon that will provide accurate information.

How to Use IFSC Code IBKL0000642 for Online Transfers?

Once you have the IFSC Code IBKL0000642 for the Pachora branch of Idbi Bank in Jalgaon, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code IBKL0000642. 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 IBKL0000642.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Pachora in Jalgaon, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Idbi Bank in Pachora, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Jalgaon manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idbi Bank in Pachora, Jalgaon?

The IFSC Code is IBKL0000642.

Is the IFSC Code IBKL0000642 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Idbi Bank Pachora?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Pachora branch?

The address of the branch is Ch.Shivaji Maharaj Comm.Comple1St Floor, Unit No.2,Jamner Road, P B No.24, Pachorajalgaon424201 located in Jalgaon, Pachora, Maharashtra.

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.