For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Idbi Bank for its Mon Town branch in Mon, Mon, Nagaland, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Idbi Bank located in Mon or anywhere in Nagaland can transfer funds instantly by using the correct IFSC Code IBKL0002269. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Idbi Bank, Mon Town, Mon
Here are the key points that are associated with the IFSC Code IBKL0002269 of Idbi Bank for its branch located in Mon, within the district of Mon in the state of Nagaland.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0002269 |
| Branch | Mon Town |
| City | Mon |
| District | Mon |
| State | Nagaland |
| Address | Wanglee Complex Bazar Lane Below Dc Office Mon District Nagaland Pin 798621 |
These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Mon for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0002269 for the Mon Town branch of Idbi Bank is vital.
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, including Idbi Bank located in Mon Town, Mon, Nagaland, is provided with a unique IFSC like IBKL0002269 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Mon.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Mon and Mon.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Nagaland and the rest of India and the IFSC Code ensures that transactions meant for Idbi Bank in Mon Town do not get mixed with another location.
Format of the IFSC Code IBKL0002269
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 Mon Town in Mon.
For example, the IFSC Code IBKL0002269 of Idbi Bank for the Mon Town branch includes these elements, identifying the bank and the branch location in Mon and Nagaland accurately.
How to Find IFSC Code for Idbi Bank?
If you are looking for the IFSC Code IBKL0002269 of Idbi Bank for its Mon Town branch located in Mon, the following methods can help:
Cheque Book
The cheque book that is issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Idbi Bank branches in Mon and Mon, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Idbi Bank and look for the branch locator section, then search for Mon Town or Mon to get the exact IFSC Code IBKL0002269.
Mobile Banking App
If you use Idbi Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Idbi Bank and Mon, then it will provide you proper information.
How to Use IFSC Code IBKL0002269 for Online Transfers?
Once you have the IFSC Code IBKL0002269 for the Mon Town branch of Idbi Bank in Mon, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0002269. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Idbi Bank IFSC Code IBKL0002269.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Idbi Bank Mon Town in Mon, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Idbi Bank in Mon Town, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Mon manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0002269.
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 Wanglee Complex Bazar Lane Below Dc Office Mon District Nagaland Pin 798621 located in Mon, Mon, Nagaland.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.