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 Madhubani branch in Opp. Suri School, Opp. Suri School, Bihar, 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 Opp. Suri School or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code IBKL0001066. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Idbi Bank, Madhubani, Opp. Suri School

Here are the main details that are associated with the IFSC Code IBKL0001066 of Idbi Bank for its branch located in Opp. Suri School, within the district of Opp. Suri School in the state of Bihar.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0001066
Branch Madhubani
City Opp. Suri School
District Opp. Suri School
State Bihar
Address Opp. Suri School, Madhubani, Bihar

These details helps users in online banking and for businesses and individuals who use Idbi Bank in Opp. Suri School for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0001066 for the Madhubani 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 Madhubani, Opp. Suri School, Bihar, are allotted a unique IFSC like IBKL0001066 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Opp. Suri School.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Opp. Suri School and Opp. Suri School.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Idbi Bank in Madhubani reaches the right place, even though there are thousands of branches in Bihar and across India.

Format of the IFSC Code IBKL0001066

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 Madhubani in Opp. Suri School.

For example, the IFSC Code IBKL0001066 of Idbi Bank for the Madhubani branch includes these elements, identifying the bank and the branch location in Opp. Suri School and Bihar correctly.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0001066 of Idbi Bank for its Madhubani branch located in Opp. Suri School, 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 Opp. Suri School and Opp. Suri School, 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 Madhubani or Opp. Suri School to get the exact IFSC Code IBKL0001066.

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 Opp. Suri School, you'll get the correct details.

How to Use IFSC Code IBKL0001066 for Online Transfers?

Once you have the IFSC Code IBKL0001066 for the Madhubani branch of Idbi Bank in Opp. Suri School, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0001066. 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 IBKL0001066.

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 Madhubani in Opp. Suri School, 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 Madhubani, 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 Opp. Suri School manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idbi Bank Madhubani Opp. Suri School?

The IFSC Code of the Madhubani Opp. Suri School branch is IBKL0001066.

Is IFSC Code IBKL0001066 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Idbi Bank Madhubani branch?

The branch is located at Opp. Suri School, Madhubani, Bihar.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.