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 The Nagpur Dist Central Coop Bank Ltd. Mohapa branch in Nagpur, Kalameshwar, or Maharashtra, 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 Nagpur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0510N64. 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, The Nagpur Dist Central Coop Bank Ltd. Mohapa, Nagpur
Here are the key points that are associated with the IFSC Code IBKL0510N64 of Idbi Bank for its branch located in Nagpur, within the district of Kalameshwar in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0510N64 |
| Branch | The Nagpur Dist Central Coop Bank Ltd. Mohapa |
| City | Nagpur |
| District | Kalameshwar |
| State | Maharashtra |
| Address | C/O Purushottam M.Khadatkar,Mohapa |
These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Nagpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0510N64 for the The Nagpur Dist Central Coop Bank Ltd. Mohapa branch of Idbi Bank plays 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, including Idbi Bank located in The Nagpur Dist Central Coop Bank Ltd. Mohapa, Nagpur, Maharashtra, is provided with a unique IFSC like IBKL0510N64 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Nagpur.
- 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 Nagpur and Kalameshwar.
- 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Idbi Bank in The Nagpur Dist Central Coop Bank Ltd. Mohapa do not get mixed with another location.
Format of the IFSC Code IBKL0510N64
The format of the IFSC Code for banks, including Idbi Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Idbi Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as The Nagpur Dist Central Coop Bank Ltd. Mohapa in Nagpur.
For example, the IFSC Code IBKL0510N64 of Idbi Bank for the The Nagpur Dist Central Coop Bank Ltd. Mohapa branch includes these elements, identifying the bank and the branch location in Nagpur and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0510N64 of Idbi Bank for its The Nagpur Dist Central Coop Bank Ltd. Mohapa branch located in Nagpur, 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 Nagpur and Kalameshwar, 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 The Nagpur Dist Central Coop Bank Ltd. Mohapa or Nagpur to get the exact IFSC Code IBKL0510N64.
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 Nagpur that will provide accurate information.
How to Use IFSC Code IBKL0510N64 for Online Transfers?
Once you have the IFSC Code IBKL0510N64 for the The Nagpur Dist Central Coop Bank Ltd. Mohapa 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 IBKL0510N64. 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 IBKL0510N64.
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 Nagpur Dist Central Coop Bank Ltd. Mohapa in Nagpur, 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 The Nagpur Dist Central Coop Bank Ltd. Mohapa, 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 Nagpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0510N64.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is C/O Purushottam M.Khadatkar,Mohapa located in Nagpur, Kalameshwar, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.