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 Kadama branch in Purbi Singhbhum, Jamshedpur, or Jharkhand, 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 Purbi Singhbhum or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code IBKL0001261. 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, Kadama, Purbi Singhbhum
The table below shows the main details of the IFSC Code IBKL0001261 for the Idbi Bank branch in Purbi Singhbhum, which falls under the Jamshedpur district in Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0001261 |
| Branch | Kadama |
| City | Purbi Singhbhum |
| District | Jamshedpur |
| State | Jharkhand |
| Address | H.No 1378,Govind Nagar,S.D.Singh Path,Kadma,Jamshedpur-831005 |
These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Purbi Singhbhum for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0001261 for the Kadama 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 Kadama, Purbi Singhbhum, Jharkhand, is provided with a unique IFSC like IBKL0001261 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Purbi Singhbhum.
- 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 Purbi Singhbhum and Jamshedpur.
- 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 Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Idbi Bank in Kadama do not get mixed with another location.
Format of the IFSC Code IBKL0001261
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 Kadama in Purbi Singhbhum.
For example, the IFSC Code IBKL0001261 of Idbi Bank for the Kadama branch has these elements, identifying the bank and the branch location in Purbi Singhbhum and Jharkhand correctly.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0001261 of Idbi Bank for its Kadama branch located in Purbi Singhbhum, 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 Purbi Singhbhum and Jamshedpur, 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 Kadama or Purbi Singhbhum to get the exact IFSC Code IBKL0001261.
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 Purbi Singhbhum that will provide accurate information.
How to Use IFSC Code IBKL0001261 for Online Transfers?
Once you have the IFSC Code IBKL0001261 for the Kadama branch of Idbi Bank in Purbi Singhbhum, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0001261. 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 IBKL0001261.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Kadama in Purbi Singhbhum, 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 Kadama, 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 Purbi Singhbhum to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0001261.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is H.No 1378,Govind Nagar,S.D.Singh Path,Kadma,Jamshedpur-831005 located in Purbi Singhbhum, Jamshedpur, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.