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 Pavana Sahakari Bank Ltd,Pune branch in Pune, Pimpri Chinchwad, 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 IBKL0087002. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, Pavana Sahakari Bank Ltd,Pune, Pune
The table below shows the main details of the IFSC Code IBKL0087002 for the Idbi Bank branch in Pune, which falls under the Pimpri Chinchwad district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0087002 |
| Branch | Pavana Sahakari Bank Ltd,Pune |
| City | Pune |
| District | Pimpri Chinchwad |
| State | Maharashtra |
| Address | 1Aaammapraap-1119 |
These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Pune for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0087002 for the Pavana Sahakari Bank Ltd,Pune branch of Idbi Bank plays 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 Pavana Sahakari Bank Ltd,Pune, Pune, Maharashtra, are allotted a unique IFSC like IBKL0087002 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Pune.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Pune and Pimpri Chinchwad.
- 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 Pavana Sahakari Bank Ltd,Pune reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code IBKL0087002
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 Pavana Sahakari Bank Ltd,Pune in Pune.
For example, the IFSC Code IBKL0087002 of Idbi Bank for the Pavana Sahakari Bank Ltd,Pune branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
To find the IFSC Code IBKL0087002 of Idbi Bank for its Pavana Sahakari Bank Ltd,Pune branch located in Pune, the following methods can help you out:
Cheque Book
The cheque book issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Idbi Bank branches in Pune and Pimpri Chinchwad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Idbi Bank and go to the branch locator section. Then search for Pavana Sahakari Bank Ltd,Pune or Pune to find the exact IFSC Code IBKL0087002.
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 maintains an updated database of all IFSC codes. Searching for Idbi Bank and Pune will provide accurate information.
How to Use IFSC Code IBKL0087002 for Online Transfers?
Once you have the IFSC Code IBKL0087002 for the Pavana Sahakari Bank Ltd,Pune branch of Idbi Bank in Pune, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0087002. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 IBKL0087002.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Pavana Sahakari Bank Ltd,Pune in Pune, your payment can get delayed or might not go through at all.
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 Pavana Sahakari Bank Ltd,Pune, 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 IBKL0087002.
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 1Aaammapraap-1119 located in Pune, Pimpri Chinchwad, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.