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 Pahur branch in Jalgaon, Pahur, 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 IBKL0000563. 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, Pahur, Jalgaon

Here are some of the key details that come with the IFSC Code IBKL0000563 of Idbi Bank for its branch located in Jalgaon, within the district of Pahur in the state of Maharashtra.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0000563
Branch Pahur
City Jalgaon
District Pahur
State Maharashtra
Address Amarshanti Shopping Complexnear St Standjalgaon Aurangabad Road, Pahur, Tal Jamnerjalgaon424205

These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Jalgaon for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0000563 for the Pahur branch of Idbi Bank plays an important 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 Pahur, Jalgaon, Maharashtra, are given a unique IFSC like IBKL0000563 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 any kind of confusion between different branches of the same bank in places like Jalgaon and Pahur.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Idbi Bank in Pahur goes to the correct branch. This is important because Idbi Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code IBKL0000563

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 Pahur in Jalgaon.

For example, the IFSC Code IBKL0000563 of Idbi Bank for the Pahur 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 IBKL0000563 of Idbi Bank for its Pahur 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 Pahur, 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 Pahur or Jalgaon to get the exact IFSC Code IBKL0000563.

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 IBKL0000563 for Online Transfers?

Once you have the IFSC Code IBKL0000563 for the Pahur 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 IBKL0000563. 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 IBKL0000563.

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

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 Pahur, 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 Jalgaon manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

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

The IFSC Code is IBKL0000563.

Is the IFSC Code IBKL0000563 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 Pahur?

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 Pahur branch?

The address of the branch is Amarshanti Shopping Complexnear St Standjalgaon Aurangabad Road, Pahur, Tal Jamnerjalgaon424205 located in Jalgaon, Pahur, 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.