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 Dhokawade branch in Raigad, Alibag, 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 Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0001729. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, Dhokawade, Raigad
The table below shows the main details of the IFSC Code IBKL0001729 for the Idbi Bank branch in Raigad, which falls under the Alibag district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0001729 |
| Branch | Dhokawade |
| City | Raigad |
| District | Alibag |
| State | Maharashtra |
| Address | Puro House, Ground Floor, House No 179, At And Post Dhokawade, Taluka Alibaug, District Raigad |
These details are crucial, not just for online banking users but also for businesses and individuals who use Idbi Bank in Raigad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0001729 for the Dhokawade branch of Idbi Bank has 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 Dhokawade, Raigad, Maharashtra, is provided with a unique IFSC like IBKL0001729 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Raigad.
- 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 Raigad and Alibag.
- 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 Dhokawade do not get mixed with another location.
Format of the IFSC Code IBKL0001729
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 Dhokawade in Raigad.
For example, the IFSC Code IBKL0001729 of Idbi Bank for the Dhokawade branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0001729 of Idbi Bank for its Dhokawade branch located in Raigad, 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
You can easily find the IFSC and MICR codes because most banks, including Idbi Bank branches in Raigad and Alibag, print them 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 Dhokawade or Raigad to get the exact IFSC Code IBKL0001729.
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 Raigad, you'll get the correct details.
How to Use IFSC Code IBKL0001729 for Online Transfers?
Once you have the IFSC Code IBKL0001729 for the Dhokawade branch of Idbi Bank in Raigad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0001729. 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 IBKL0001729.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Dhokawade in Raigad, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Idbi Bank in Dhokawade, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Idbi Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Raigad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0001729.
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 Puro House, Ground Floor, House No 179, At And Post Dhokawade, Taluka Alibaug, District Raigad located in Raigad, Alibag, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.