IFSC Code of Idbi Bank, Shripatraodada Sahakari Bank Ltd. Assembly Road, Kolhapur, Maharashtra- IBKL0116SSB

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 Shripatraodada Sahakari Bank Ltd. Assembly Road branch in Kolhapur, Kolhapur, Maharashtra, 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 Kolhapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0116SSB. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Idbi Bank, Shripatraodada Sahakari Bank Ltd. Assembly Road, Kolhapur

Below in the table are the key details related to IFSC Code IBKL0116SSB of Idbi Bank for its branch located in Kolhapur, within the district of Kolhapur in the state of Maharashtra.

These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Kolhapur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0116SSB for the Shripatraodada Sahakari Bank Ltd. Assembly Road 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 Shripatraodada Sahakari Bank Ltd. Assembly Road, Kolhapur, Maharashtra, are allotted a unique IFSC like IBKL0116SSB to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code IBKL0116SSB

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 Shripatraodada Sahakari Bank Ltd. Assembly Road in Kolhapur.

For example, the IFSC Code IBKL0116SSB of Idbi Bank for the Shripatraodada Sahakari Bank Ltd. Assembly Road branch includes these elements, identifying the bank and the branch location in Kolhapur and Maharashtra accurately.

How to Find IFSC Code for Idbi Bank?

To find the IFSC Code IBKL0116SSB of Idbi Bank for its Shripatraodada Sahakari Bank Ltd. Assembly Road branch located in Kolhapur, 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 Kolhapur and Kolhapur, 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 Shripatraodada Sahakari Bank Ltd. Assembly Road or Kolhapur to find the exact IFSC Code IBKL0116SSB.

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 Kolhapur will provide accurate information.

How to Use IFSC Code IBKL0116SSB for Online Transfers?

If you have the IFSC Code IBKL0116SSB for the Shripatraodada Sahakari Bank Ltd. Assembly Road branch of Idbi Bank in Kolhapur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0116SSB. Transfers are processed in batches. 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. Asks for the recipient's account details and Idbi Bank IFSC Code IBKL0116SSB.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Idbi Bank Shripatraodada Sahakari Bank Ltd. Assembly Road in Kolhapur, it may result in delayed or failed transactions.

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 Shripatraodada Sahakari Bank Ltd. Assembly Road, 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 Kolhapur to handle online money transfers and get their cheques cleared smoothly.