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 Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar branch in Koppal, Budugumpa Tq.Gangavati, or Karnataka, 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 Koppal or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code IBKL01543SR. 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, Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar, Koppal
Below in the table are the key details related to IFSC Code IBKL01543SR of Idbi Bank for its branch located in Koppal, within the district of Budugumpa Tq.Gangavati in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL01543SR |
| Branch | Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar |
| City | Koppal |
| District | Budugumpa Tq.Gangavati |
| State | Karnataka |
| Address | Sriramanagar Pattana Sahakara Bank Ni,Sriramanagar,Gangavati |
These details are crucial, not just for online banking users but also for businesses and individuals who use Idbi Bank in Koppal for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL01543SR for the Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar branch of Idbi Bank has 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 Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar, Koppal, Karnataka, are allotted a unique IFSC like IBKL01543SR to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Koppal.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Koppal and Budugumpa Tq.Gangavati.
- 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 Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code IBKL01543SR
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 Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar in Koppal.
For example, the IFSC Code IBKL01543SR of Idbi Bank for the Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar branch includes these elements, identifying the bank and the branch location in Koppal and Karnataka accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL01543SR of Idbi Bank for its Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar branch located in Koppal, 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 Koppal and Budugumpa Tq.Gangavati, 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 Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar or Koppal to get the exact IFSC Code IBKL01543SR.
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 Koppal that will provide accurate information.
How to Use IFSC Code IBKL01543SR for Online Transfers?
If you have the IFSC Code IBKL01543SR for the Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar branch of Idbi Bank in Koppal, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL01543SR. 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 IBKL01543SR.
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 Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar in Koppal, 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 Sriramanagar Pattana Sahakara Bank Ni, Sriramanagar, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Koppal manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL01543SR.
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 Sriramanagar Pattana Sahakara Bank Ni,Sriramanagar,Gangavati located in Koppal, Budugumpa Tq.Gangavati, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.