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 The Co Operative Bank Of Rajkot Ltd Sahakar Society 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 IBKL0119R09. 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, The Co Operative Bank Of Rajkot Ltd Sahakar Society, Rajkot
Here are some of the key details that come with the IFSC Code IBKL0119R09 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 | IBKL0119R09 |
| Branch | The Co Operative Bank Of Rajkot Ltd Sahakar Society |
| City | Rajkot |
| District | Rajkot |
| State | Gujarat |
| Address | Sahakar Jyot Hasanwadi Main Road,Nr Trishul Chowk,Rajkot 360002 |
These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Rajkot for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0119R09 for the The Co Operative Bank Of Rajkot Ltd Sahakar Society branch of Idbi Bank plays 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, along with Idbi Bank located in The Co Operative Bank Of Rajkot Ltd Sahakar Society, Rajkot, Gujarat, are given a unique IFSC like IBKL0119R09 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Rajkot.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Rajkot and Rajkot.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Idbi Bank in The Co Operative Bank Of Rajkot Ltd Sahakar Society goes to the correct branch. This is important because Idbi Bank has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IBKL0119R09
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 The Co Operative Bank Of Rajkot Ltd Sahakar Society in Rajkot.
For example, the IFSC Code IBKL0119R09 of Idbi Bank for the The Co Operative Bank Of Rajkot Ltd Sahakar Society branch includes these elements, identifying the bank and the branch location in Rajkot and Gujarat accurately.
How to Find IFSC Code for Idbi Bank?
If you are looking for the IFSC Code IBKL0119R09 of Idbi Bank for its The Co Operative Bank Of Rajkot Ltd Sahakar Society branch located in Rajkot, the following methods can help:
Cheque Book
The cheque book that is issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Idbi Bank branches in Rajkot and Rajkot, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Idbi Bank and look for the branch locator section, then search for The Co Operative Bank Of Rajkot Ltd Sahakar Society or Rajkot to get the exact IFSC Code IBKL0119R09.
Mobile Banking App
If you use Idbi Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Idbi Bank and Rajkot, then it will provide you proper information.
How to Use IFSC Code IBKL0119R09 for Online Transfers?
Once you have the IFSC Code IBKL0119R09 for the The Co Operative Bank Of Rajkot Ltd Sahakar Society 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 IBKL0119R09. 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 IBKL0119R09.
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 Sahakar Society 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 Sahakar Society, 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)
The IFSC Code is IBKL0119R09.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Sahakar Jyot Hasanwadi Main Road,Nr Trishul Chowk,Rajkot 360002 located in Rajkot, Rajkot, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.