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 Bhor branch in Pune, Bhor, 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 Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0001973. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, Bhor, Pune
Here are the key points that are associated with the IFSC Code IBKL0001973 of Idbi Bank for its branch located in Pune, within the district of Bhor in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0001973 |
| Branch | Bhor |
| City | Pune |
| District | Bhor |
| State | Maharashtra |
| Address | Dhananjay Residency,383,Navi Ali,Bhor Dist.Pune |
These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Pune for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0001973 for the Bhor branch of Idbi Bank is vital.
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 IBKL0001973 is given to every bank branch, including Idbi Bank located in Bhor, Pune, 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 Pune.
- 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 Pune and Bhor.
- 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 Bhor doesn't end up at another location.
Format of the IFSC Code IBKL0001973
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): 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 Bhor in Pune.
For example, the IFSC Code IBKL0001973 of Idbi Bank for the Bhor branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0001973 of Idbi Bank for its Bhor branch located in Pune, 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 Pune and Bhor, 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 Bhor or Pune to get the exact IFSC Code IBKL0001973.
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 Pune that will provide accurate information.
How to Use IFSC Code IBKL0001973 for Online Transfers?
If you have the IFSC Code IBKL0001973 for the Bhor branch of Idbi Bank in Pune, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0001973. Transfers are processed in batches. 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. Asks for the recipient's account details and Idbi Bank IFSC Code IBKL0001973.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Idbi Bank Bhor in Pune, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Idbi Bank in Bhor, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Pune to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0001973.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Dhananjay Residency,383,Navi Ali,Bhor Dist.Pune located in Pune, Bhor, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.