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 Samruddhi Co-Operative Bank Ltd Manewada branch in Nagpur, Nagpur, 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 Nagpur or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code IBKL0041SC3. 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, Samruddhi Co-Operative Bank Ltd Manewada, Nagpur
The table below shows the main details of the IFSC Code IBKL0041SC3 for the Idbi Bank branch in Nagpur, which falls under the Nagpur district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0041SC3 |
| Branch | Samruddhi Co-Operative Bank Ltd Manewada |
| City | Nagpur |
| District | Nagpur |
| State | Maharashtra |
| Address | 5,Mahalaxmi Nagar,Manewada Road |
These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Nagpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0041SC3 for the Samruddhi Co-Operative Bank Ltd Manewada 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, along with Idbi Bank located in Samruddhi Co-Operative Bank Ltd Manewada, Nagpur, Maharashtra, are given a unique IFSC like IBKL0041SC3 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Nagpur.
- 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 Nagpur and Nagpur.
- 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 Samruddhi Co-Operative Bank Ltd Manewada 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 IBKL0041SC3
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 Samruddhi Co-Operative Bank Ltd Manewada in Nagpur.
For example, the IFSC Code IBKL0041SC3 of Idbi Bank for the Samruddhi Co-Operative Bank Ltd Manewada branch includes these elements, identifying the bank and the branch location in Nagpur and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
To find the IFSC Code IBKL0041SC3 of Idbi Bank for its Samruddhi Co-Operative Bank Ltd Manewada branch located in Nagpur, the following methods can help you out:
Cheque Book
The cheque book issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Idbi Bank branches in Nagpur and Nagpur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Idbi Bank and go to the branch locator section. Then search for Samruddhi Co-Operative Bank Ltd Manewada or Nagpur to find the exact IFSC Code IBKL0041SC3.
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 maintains an updated database of all IFSC codes. Searching for Idbi Bank and Nagpur will provide accurate information.
How to Use IFSC Code IBKL0041SC3 for Online Transfers?
Once you have the IFSC Code IBKL0041SC3 for the Samruddhi Co-Operative Bank Ltd Manewada branch of Idbi Bank in Nagpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0041SC3. 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 IBKL0041SC3.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Samruddhi Co-Operative Bank Ltd Manewada in Nagpur, 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 Samruddhi Co-Operative Bank Ltd Manewada, 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 Nagpur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Samruddhi Co-Operative Bank Ltd Manewada Nagpur branch is IBKL0041SC3.
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 5,Mahalaxmi Nagar,Manewada Road.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.