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 Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi branch in Nagpur, Hingna, Maharashtra, 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 Nagpur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0510N32. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi, Nagpur
The table below shows the main details of the IFSC Code IBKL0510N32 for the Idbi Bank branch in Nagpur, which falls under the Hingna district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0510N32 |
| Branch | The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi |
| City | Nagpur |
| District | Hingna |
| State | Maharashtra |
| Address | C/O Gram Panchayat Mohagaon Zilpi |
These details helps users in online banking and for businesses and individuals who use Idbi Bank in Nagpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0510N32 for the The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi 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 that is provided by the Reserve Bank of India. A unique IFSC like IBKL0510N32 is given to every bank branch, including Idbi Bank located in The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi, Nagpur, Maharashtra, to make sure that online payments reach the right place.
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 kind of confusion between multiple branches of the same bank across different places like Nagpur and Hingna.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi doesn't end up at another location.
Format of the IFSC Code IBKL0510N32
The format of the IFSC Code for banks, including Idbi Bank, has 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 The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi in Nagpur.
For example, the IFSC Code IBKL0510N32 of Idbi Bank for the The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi branch includes these elements, identifying the bank and the branch location in Nagpur and Maharashtra correctly.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0510N32 of Idbi Bank for its The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi branch located in Nagpur, 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 Nagpur and Hingna, 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 Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi or Nagpur to get the exact IFSC Code IBKL0510N32.
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 Nagpur, you'll get the correct details.
How to Use IFSC Code IBKL0510N32 for Online Transfers?
Once you have the IFSC Code IBKL0510N32 for the The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi branch of Idbi Bank in Nagpur, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0510N32. Transfers are processed in batches. This is 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. Requires the recipient's account details and Idbi Bank IFSC Code IBKL0510N32.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Idbi Bank The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi in Nagpur may 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 The Nagpur Dist Central Coop Bank Ltd. Mohgaon Zilpi, 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 Nagpur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0510N32.
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 Gram Panchayat Mohagaon Zilpi located in Nagpur, Hingna, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.