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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Idbi Bank for its Thequiloncoopurbanbankevening branch in Kollam, Kollam, Kerala, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Idbi Bank located in Kollam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code IBKL0737Q05. 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, Thequiloncoopurbanbankevening, Kollam
Here are the main details that are associated with the IFSC Code IBKL0737Q05 of Idbi Bank for its branch located in Kollam, within the district of Kollam in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0737Q05 |
| Branch | Thequiloncoopurbanbankevening |
| City | Kollam |
| District | Kollam |
| State | Kerala |
| Address | Ymca Road,Chinnakkada,Kollam 691001 |
These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Kollam for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0737Q05 for the Thequiloncoopurbanbankevening branch of Idbi Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Idbi Bank located in Thequiloncoopurbanbankevening, Kollam, Kerala, is provided a unique IFSC like IBKL0737Q05 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Idbi Bank branch in Kollam.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Kollam and Kollam.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Kerala and the rest of India, the IFSC Code ensures that transactions meant for Idbi Bank in Thequiloncoopurbanbankevening do not get misguided to another person.
Format of the IFSC Code IBKL0737Q05
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 Thequiloncoopurbanbankevening in Kollam.
For example, the IFSC Code IBKL0737Q05 of Idbi Bank for the Thequiloncoopurbanbankevening branch includes these elements, identifying the bank and the branch location in Kollam and Kerala accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0737Q05 of Idbi Bank for its Thequiloncoopurbanbankevening branch located in Kollam, 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 Kollam and Kollam, 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 Thequiloncoopurbanbankevening or Kollam to get the exact IFSC Code IBKL0737Q05.
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 Kollam, you'll get the correct details.
How to Use IFSC Code IBKL0737Q05 for Online Transfers?
Once you have the IFSC Code IBKL0737Q05 for the Thequiloncoopurbanbankevening branch of Idbi Bank in Kollam, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0737Q05. 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 IBKL0737Q05.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Thequiloncoopurbanbankevening in Kollam, 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 Thequiloncoopurbanbankevening, 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 Kollam manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Thequiloncoopurbanbankevening Kollam branch is IBKL0737Q05.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ymca Road,Chinnakkada,Kollam 691001.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.