IFSC Code of Idbi Bank, State Transport Bank Pen, Pen, Maharashtra — IBKL0617S14

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 State Transport Bank Pen branch in Raigad, Pen, 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 Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0617S14. 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, State Transport Bank Pen, Raigad

Here are the key points that are associated with the IFSC Code IBKL0617S14 of Idbi Bank for its branch located in Raigad, within the district of Pen 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 Raigad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0617S14 for the State Transport Bank Pen branch of Idbi Bank is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Idbi Bank located in State Transport Bank Pen, Raigad, Maharashtra, is provided a unique IFSC like IBKL0617S14 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Idbi Bank branch in Raigad.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Raigad and Pen.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Idbi Bank in State Transport Bank Pen do not get misguided to another person.

Format of the IFSC Code IBKL0617S14

The format of the IFSC Code for banks, including Idbi Bank, has 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 State Transport Bank Pen in Raigad.

For example, the IFSC Code IBKL0617S14 of Idbi Bank for the State Transport Bank Pen branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra correctly.

How to Find IFSC Code for Idbi Bank?

To find the IFSC Code IBKL0617S14 of Idbi Bank for its State Transport Bank Pen branch located in Raigad, 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 Raigad and Pen, 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 State Transport Bank Pen or Raigad to find the exact IFSC Code IBKL0617S14.

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 Raigad will provide accurate information.

How to Use IFSC Code IBKL0617S14 for Online Transfers?

Once you have the IFSC Code IBKL0617S14 for the State Transport Bank Pen branch of Idbi Bank in Raigad, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0617S14. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Idbi Bank IFSC Code IBKL0617S14.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Idbi Bank State Transport Bank Pen in Raigad, it can result in delayed or failed transactions.

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 State Transport Bank Pen, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Raigad manage online transfers as well as cheque clearances with ease.