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 Pithoragarh Zila Sahkari Bank branch in Pithoragarh, Madkot, Uttarakhand, 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 Pithoragarh or anywhere in Uttarakhand can transfer funds instantly by using the correct IFSC Code IBKL0768P16. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Idbi Bank, Pithoragarh Zila Sahkari Bank, Pithoragarh

Here are the key points that are associated with the IFSC Code IBKL0768P16 of Idbi Bank for its branch located in Pithoragarh, within the district of Madkot in the state of Uttarakhand.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0768P16
Branch Pithoragarh Zila Sahkari Bank
City Pithoragarh
District Madkot
State Uttarakhand
Address Main Market Madkote

These details are crucial, not just for online banking users but also for businesses and individuals who use Idbi Bank in Pithoragarh for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0768P16 for the Pithoragarh Zila Sahkari Bank branch of Idbi Bank has 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, along with Idbi Bank located in Pithoragarh Zila Sahkari Bank, Pithoragarh, Uttarakhand, are given a unique IFSC like IBKL0768P16 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Pithoragarh.
  • 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 Pithoragarh and Madkot.
  • 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 Pithoragarh Zila Sahkari Bank goes to the correct branch. This is important because Idbi Bank has thousands of branches in Uttarakhand and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code IBKL0768P16

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): These represent the bank code. In Idbi Bank, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Pithoragarh Zila Sahkari Bank in Pithoragarh.

For example, the IFSC Code IBKL0768P16 of Idbi Bank for the Pithoragarh Zila Sahkari Bank branch has these elements, identifying the bank and the branch location in Pithoragarh and Uttarakhand correctly.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0768P16 of Idbi Bank for its Pithoragarh Zila Sahkari Bank branch located in Pithoragarh, 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 Pithoragarh and Madkot, 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 Pithoragarh Zila Sahkari Bank or Pithoragarh to get the exact IFSC Code IBKL0768P16.

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 Pithoragarh that will provide accurate information.

How to Use IFSC Code IBKL0768P16 for Online Transfers?

Once you have the IFSC Code IBKL0768P16 for the Pithoragarh Zila Sahkari Bank branch of Idbi Bank in Pithoragarh, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0768P16. 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 IBKL0768P16.

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 Pithoragarh Zila Sahkari Bank in Pithoragarh, it can result in delayed or failed transactions.

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 Pithoragarh Zila Sahkari Bank, 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 Pithoragarh manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idbi Bank Pithoragarh Zila Sahkari Bank Pithoragarh?

The IFSC Code of the Pithoragarh Zila Sahkari Bank Pithoragarh branch is IBKL0768P16.

Is IFSC Code IBKL0768P16 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 Pithoragarh Zila Sahkari Bank branch?

The branch is located at Main Market Madkote.

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.