There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Idbi Bank for its Kalawad Road branch in Rajkot, Rajkot, Gujarat, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Idbi Bank situated in Rajkot or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code IBKL0001642. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Idbi Bank, Kalawad Road, Rajkot
Below in the table are the key details related to IFSC Code IBKL0001642 of Idbi Bank for its branch located in Rajkot, within the district of Rajkot in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0001642 |
| Branch | Kalawad Road |
| City | Rajkot |
| District | Rajkot |
| State | Gujarat |
| Address | Amrish Near K K V Circle Kalawad Road |
These details are crucial, not just for online banking users but also for businesses and individuals who use Idbi Bank in Rajkot for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0001642 for the Kalawad Road branch of Idbi Bank has an important role.
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 Kalawad Road, Rajkot, Gujarat, is provided a unique IFSC like IBKL0001642 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Idbi Bank branch in Rajkot.
- 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 Rajkot and Rajkot.
- 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 Gujarat and the rest of India, the IFSC Code ensures that transactions meant for Idbi Bank in Kalawad Road do not get misguided to another person.
Format of the IFSC Code IBKL0001642
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 Kalawad Road in Rajkot.
For example, the IFSC Code IBKL0001642 of Idbi Bank for the Kalawad Road branch includes these elements, identifying the bank and the branch location in Rajkot and Gujarat correctly.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0001642 of Idbi Bank for its Kalawad Road branch located in Rajkot, 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 Rajkot and Rajkot, 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 Kalawad Road or Rajkot to get the exact IFSC Code IBKL0001642.
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 Rajkot, you'll get the correct details.
How to Use IFSC Code IBKL0001642 for Online Transfers?
Once you have the IFSC Code IBKL0001642 for the Kalawad Road branch of Idbi Bank in Rajkot, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0001642. 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 IBKL0001642.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Kalawad Road in Rajkot, 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 Kalawad Road, 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 Rajkot to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0001642.
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 Amrish Near K K V Circle Kalawad Road located in Rajkot, Rajkot, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
