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 Nileshwar Co Op Urban Bank Ltd branch in Kasaragod, Nileshwar, Kerala, 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 Kasaragod or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code IBKL0340N01. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, Nileshwar Co Op Urban Bank Ltd, Kasaragod
Below in the table are the key details related to IFSC Code IBKL0340N01 of Idbi Bank for its branch located in Kasaragod, within the district of Nileshwar in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0340N01 |
| Branch | Nileshwar Co Op Urban Bank Ltd |
| City | Kasaragod |
| District | Nileshwar |
| State | Kerala |
| Address | Highway Road,Nileshwar Market,Nileshwar 671314 |
These details helps users in online banking and for businesses and individuals who use Idbi Bank in Kasaragod for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0340N01 for the Nileshwar Co Op Urban Bank Ltd branch of Idbi Bank plays a vital 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 IBKL0340N01 is given to every bank branch, including Idbi Bank located in Nileshwar Co Op Urban Bank Ltd, Kasaragod, Kerala, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Kasaragod.
- 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 Kasaragod and Nileshwar.
- 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 Kerala and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in Nileshwar Co Op Urban Bank Ltd doesn't end up at another location.
Format of the IFSC Code IBKL0340N01
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 Nileshwar Co Op Urban Bank Ltd in Kasaragod.
For example, the IFSC Code IBKL0340N01 of Idbi Bank for the Nileshwar Co Op Urban Bank Ltd branch has these elements, identifying the bank and the branch location in Kasaragod and Kerala correctly.
How to Find IFSC Code for Idbi Bank?
To find the IFSC Code IBKL0340N01 of Idbi Bank for its Nileshwar Co Op Urban Bank Ltd branch located in Kasaragod, the following methods can help you out:
Cheque Book
The cheque book issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Idbi Bank branches in Kasaragod and Nileshwar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Idbi Bank and go to the branch locator section. Then search for Nileshwar Co Op Urban Bank Ltd or Kasaragod to find the exact IFSC Code IBKL0340N01.
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 maintains an updated database of all IFSC codes. Searching for Idbi Bank and Kasaragod will provide accurate information.
How to Use IFSC Code IBKL0340N01 for Online Transfers?
Once you have the IFSC Code IBKL0340N01 for the Nileshwar Co Op Urban Bank Ltd branch of Idbi Bank in Kasaragod, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0340N01. 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 IBKL0340N01.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Idbi Bank Nileshwar Co Op Urban Bank Ltd in Kasaragod 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 Nileshwar Co Op Urban Bank Ltd, 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 Kasaragod manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0340N01.
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 Highway Road,Nileshwar Market,Nileshwar 671314 located in Kasaragod, Nileshwar, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.