There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Idbi Bank for its The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj branch in Kolhapur, Gadhinglaj, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Idbi Bank situated in Kolhapur or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code IBKL01174PM. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Idbi Bank, The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj, Kolhapur
Below in the table are the key details related to IFSC Code IBKL01174PM of Idbi Bank for its branch located in Kolhapur, within the district of Gadhinglaj in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL01174PM |
| Branch | The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj |
| City | Kolhapur |
| District | Gadhinglaj |
| State | Maharashtra |
| Address | Shri Plaza Ajari Bldg Sankeshwar Road,Gadhinglaj 416502 |
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 IBKL01174PM for the The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj 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 The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj, Kolhapur, Maharashtra, are given a unique IFSC like IBKL01174PM 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 any kind of confusion between different branches of the same bank in places like Kolhapur and Gadhinglaj.
- 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 The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj 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 IBKL01174PM
This is the format of the IFSC Code for banks, including Idbi Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Idbi Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj in Kolhapur.
For example, the IFSC Code IBKL01174PM of Idbi Bank for the The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj branch includes these elements, identifying the bank and the branch location in Kolhapur and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL01174PM of Idbi Bank for its The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj branch located in Kolhapur, 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 Kolhapur and Gadhinglaj, 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 The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj or Kolhapur to get the exact IFSC Code IBKL01174PM.
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 Kolhapur, you'll get the correct details.
How to Use IFSC Code IBKL01174PM for Online Transfers?
Once you have the IFSC Code IBKL01174PM for the The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj branch of Idbi Bank in Kolhapur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL01174PM. 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 IBKL01174PM.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj in Kolhapur, 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 The Priyadarshini Mahila Sahakari Bank Ltd,Gadhinglaj Gadhinglaj, 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 Kolhapur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL01174PM.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Shri Plaza Ajari Bldg Sankeshwar Road,Gadhinglaj 416502 located in Kolhapur, Gadhinglaj, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.