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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Idbi Bank for its Pavana Sahakari Bank Ltd Vadgaon Maval branch in Pune, Vadgaon Maval, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Idbi Bank located in Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0087017. 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, Pavana Sahakari Bank Ltd Vadgaon Maval, Pune

Below in the table are the key details related to IFSC Code IBKL0087017 of Idbi Bank for its branch located in Pune, within the district of Vadgaon Maval in the state of Maharashtra.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0087017
Branch Pavana Sahakari Bank Ltd Vadgaon Maval
City Pune
District Vadgaon Maval
State Maharashtra
Address Cts No 511 Railway Station Road Vadgaon Tal Maval Dist Pune 412107

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 IBKL0087017 for the Pavana Sahakari Bank Ltd Vadgaon Maval 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, including Idbi Bank located in Pavana Sahakari Bank Ltd Vadgaon Maval, Pune, Maharashtra, is provided with a unique IFSC like IBKL0087017 to ensure that online payments reach the right destination.

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 errors or confusions between multiple branches of the same bank across different places like Pune and Vadgaon Maval.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Idbi Bank in Pavana Sahakari Bank Ltd Vadgaon Maval do not get mixed with another location.

Format of the IFSC Code IBKL0087017

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 Vadgaon Maval in Pune.

For example, the IFSC Code IBKL0087017 of Idbi Bank for the Pavana Sahakari Bank Ltd Vadgaon Maval 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 looking for the IFSC Code IBKL0087017 of Idbi Bank for its Pavana Sahakari Bank Ltd Vadgaon Maval branch located in Pune, the following methods can help:

Cheque Book

The cheque book that is issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Idbi Bank branches in Pune and Vadgaon Maval, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Idbi Bank and look for the branch locator section, then search for Pavana Sahakari Bank Ltd Vadgaon Maval or Pune to get the exact IFSC Code IBKL0087017.

Mobile Banking App

If you use Idbi Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Idbi Bank and Pune, then it will provide you proper information.

How to Use IFSC Code IBKL0087017 for Online Transfers?

Once you have the IFSC Code IBKL0087017 for the Pavana Sahakari Bank Ltd Vadgaon Maval 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 IBKL0087017. 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 IBKL0087017.

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 Vadgaon Maval 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 Vadgaon Maval, 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)

What is the IFSC Code of Idbi Bank in Pavana Sahakari Bank Ltd Vadgaon Maval, Pune?

The IFSC Code is IBKL0087017.

Is the IFSC Code IBKL0087017 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Idbi Bank Pavana Sahakari Bank Ltd Vadgaon Maval?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Pavana Sahakari Bank Ltd Vadgaon Maval branch?

The address of the branch is Cts No 511 Railway Station Road Vadgaon Tal Maval Dist Pune 412107 located in Pune, Vadgaon Maval, Maharashtra.

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.