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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Idbi Bank for its Patan branch in Patan, Patan, Gujarat, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Idbi Bank located in Patan or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code IBKL0001073. 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, Patan, Patan
The table below shows the main details of the IFSC Code IBKL0001073 for the Idbi Bank branch in Patan, which falls under the Patan district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0001073 |
| Branch | Patan |
| City | Patan |
| District | Patan |
| State | Gujarat |
| Address | Idbi Bank Limites Ground Floor,Vrundavan-Arcade,Station Road,Patan-384265 |
These details help users in online banking and for businesses and individuals who use Idbi Bank in Patan for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0001073 for the Patan branch of Idbi Bank has a very important 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 IBKL0001073 is given to every bank branch, including Idbi Bank located in Patan, Patan, Gujarat, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Patan.
- 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 Patan and Patan.
- 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 Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in Patan doesn't end up at another location.
Format of the IFSC Code IBKL0001073
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 Patan in Patan.
For example, the IFSC Code IBKL0001073 of Idbi Bank for the Patan branch includes these elements, identifying the bank and the branch location in Patan and Gujarat accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0001073 of Idbi Bank for its Patan branch located in Patan, 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 Patan and Patan, 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 Patan or Patan to get the exact IFSC Code IBKL0001073.
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 Patan, you'll get the correct details.
How to Use IFSC Code IBKL0001073 for Online Transfers?
Once you have the IFSC Code IBKL0001073 for the Patan branch of Idbi Bank in Patan, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0001073. The transfer is completed in batches instead of instantly. It is useful for both 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 IBKL0001073.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Patan in Patan, your payment can get delayed or might not go through at all.
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 Patan, 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 Patan manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0001073.
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 Idbi Bank Limites Ground Floor,Vrundavan-Arcade,Station Road,Patan-384265 located in Patan, Patan, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.