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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Idbi Bank for its The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar branch in Rajkot, Rajkot, Gujarat, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Idbi Bank located in Rajkot or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code IBKL0119R10. 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, The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar, Rajkot

Here are the main details that are associated with the IFSC Code IBKL0119R10 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 IBKL0119R10
Branch The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar
City Rajkot
District Rajkot
State Gujarat
Address D.K.Complex,Nr Balak Hanuman,Opp Water Tank,Pedak Road,Rajkot-360007

These details helps users in online banking and for businesses and individuals who use Idbi Bank in Rajkot for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0119R10 for the The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar branch of Idbi Bank plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like IBKL0119R10 is given to every bank branch, including Idbi Bank located in The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar, Rajkot, Gujarat, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Idbi Bank branch in Rajkot.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Rajkot and Rajkot.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar doesn't end up at another location.

Format of the IFSC Code IBKL0119R10

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 The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar in Rajkot.

For example, the IFSC Code IBKL0119R10 of Idbi Bank for the The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar branch includes these elements, identifying the bank and the branch location in Rajkot and Gujarat correctly.

How to Find IFSC Code for Idbi Bank?

To find the IFSC Code IBKL0119R10 of Idbi Bank for its The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar branch located in Rajkot, 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 Rajkot and Rajkot, 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 The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar or Rajkot to find the exact IFSC Code IBKL0119R10.

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 Rajkot will provide accurate information.

How to Use IFSC Code IBKL0119R10 for Online Transfers?

Once you have the IFSC Code IBKL0119R10 for the The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar 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 IBKL0119R10. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 IBKL0119R10.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar 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 The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar, 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 Rajkot manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idbi Bank The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar Rajkot?

The IFSC Code of the The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar Rajkot branch is IBKL0119R10.

Is IFSC Code IBKL0119R10 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Idbi Bank The Co Operative Bank Of Rajkot Ltd Ranchhod Nagar branch?

The branch is located at D.K.Complex,Nr Balak Hanuman,Opp Water Tank,Pedak Road,Rajkot-360007.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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