IFSC Code of Idbi Bank, State Transport Bank Shivaji Nagar, Pune, Maharashtra — IBKL0617S09

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Idbi Bank for its State Transport Bank Shivaji Nagar branch in Pune, Pune, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly 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 IBKL0617S09. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Idbi Bank, State Transport Bank Shivaji Nagar, Pune

Here are some of the key details that come with the IFSC Code IBKL0617S09 of Idbi Bank for its branch located in Pune, within the district of Pune in the state of Maharashtra.

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 IBKL0617S09 for the State Transport Bank Shivaji Nagar 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 provided by the Reserve Bank of India. Every bank branch, including Idbi Bank located in State Transport Bank Shivaji Nagar, Pune, Maharashtra, is provided with a unique IFSC like IBKL0617S09 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 Pune.
• 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 State Transport Bank Shivaji Nagar do not get mixed with another location.

Format of the IFSC Code IBKL0617S09

The format of the IFSC Code for banks, including Idbi Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Idbi Bank, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as State Transport Bank Shivaji Nagar in Pune.

For example, the IFSC Code IBKL0617S09 of Idbi Bank for the State Transport Bank Shivaji Nagar 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 IBKL0617S09 of Idbi Bank for its State Transport Bank Shivaji Nagar branch located in Pune, 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 Pune and Pune, 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 State Transport Bank Shivaji Nagar or Pune to get the exact IFSC Code IBKL0617S09.

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 Pune, you'll get the correct details.

How to Use IFSC Code IBKL0617S09 for Online Transfers?

Once you have the IFSC Code IBKL0617S09 for the State Transport Bank Shivaji Nagar branch of Idbi Bank in Pune, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0617S09. Transfers are processed in batches. This is 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. Requires the recipient's account details and Idbi Bank IFSC Code IBKL0617S09.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Idbi Bank State Transport Bank Shivaji Nagar in Pune may result in delayed or failed transactions.

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 State Transport Bank Shivaji Nagar, 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 Pune manage their online transfers and cheque clearances easily.