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 The Badagara Coop Urban Bank Ltd branch in Kozhikode, Vadakara, 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 Kozhikode or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code IBKL01365B1. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, The Badagara Coop Urban Bank Ltd, Kozhikode
The table below shows the main details of the IFSC Code IBKL01365B1 for the Idbi Bank branch in Kozhikode, which falls under the Vadakara district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL01365B1 |
| Branch | The Badagara Coop Urban Bank Ltd |
| City | Kozhikode |
| District | Vadakara |
| State | Kerala |
| Address | Main Branch Opp Town Hall Vadakara 673104 |
These details helps users in online banking and for businesses and individuals who use Idbi Bank in Kozhikode for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL01365B1 for the The Badagara Coop 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 provided by the Reserve Bank of India. Every bank branch, along with Idbi Bank located in The Badagara Coop Urban Bank Ltd, Kozhikode, Kerala, are given a unique IFSC like IBKL01365B1 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kozhikode.
- 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 Kozhikode and Vadakara.
- 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 Badagara Coop Urban Bank Ltd goes to the correct branch. This is important because Idbi Bank has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IBKL01365B1
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 The Badagara Coop Urban Bank Ltd in Kozhikode.
For example, the IFSC Code IBKL01365B1 of Idbi Bank for the The Badagara Coop Urban Bank Ltd branch has these elements, identifying the bank and the branch location in Kozhikode and Kerala correctly.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL01365B1 of Idbi Bank for its The Badagara Coop Urban Bank Ltd branch located in Kozhikode, 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
Most banks, including Idbi Bank branches in Kozhikode and Vadakara, print the IFSC and MICR codes 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 Badagara Coop Urban Bank Ltd or Kozhikode to get the exact IFSC Code IBKL01365B1.
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 Kozhikode, you'll get the correct details.
How to Use IFSC Code IBKL01365B1 for Online Transfers?
Once you have the IFSC Code IBKL01365B1 for the The Badagara Coop Urban Bank Ltd branch of Idbi Bank in Kozhikode, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL01365B1. 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 IBKL01365B1.
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 Badagara Coop Urban Bank Ltd in Kozhikode, your payment can get delayed or might not go through at all.
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 The Badagara Coop Urban Bank Ltd, 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 Kozhikode to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL01365B1.
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 Main Branch Opp Town Hall Vadakara 673104 located in Kozhikode, Vadakara, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.