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 Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand branch in Ratnagiri, Dhamnand, 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 Ratnagiri or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0574R17. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand, Ratnagiri
The table below shows the main details of the IFSC Code IBKL0574R17 for the Idbi Bank branch in Ratnagiri, which falls under the Dhamnand district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0574R17 |
| Branch | Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand |
| City | Ratnagiri |
| District | Dhamnand |
| State | Maharashtra |
| Address | House Of Shri. Kashiram Narayan Palande, H. No. 1, A/P. Dhamanand, |
These details helps users in online banking and for businesses and individuals who use Idbi Bank in Ratnagiri for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0574R17 for the Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand 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 provided by the Reserve Bank of India. Every bank branch, along with Idbi Bank located in Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand, Ratnagiri, Maharashtra, are allotted a unique IFSC like IBKL0574R17 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ratnagiri.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ratnagiri and Dhamnand.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Idbi Bank in Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code IBKL0574R17
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 Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand in Ratnagiri.
For example, the IFSC Code IBKL0574R17 of Idbi Bank for the Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand branch includes these elements, identifying the bank and the branch location in Ratnagiri and Maharashtra correctly.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0574R17 of Idbi Bank for its Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand branch located in Ratnagiri, 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
Most banks, including Idbi Bank branches in Ratnagiri and Dhamnand, print the IFSC and MICR codes 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 Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand or Ratnagiri to get the exact IFSC Code IBKL0574R17.
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 Ratnagiri, you'll get the correct details.
How to Use IFSC Code IBKL0574R17 for Online Transfers?
If you have the IFSC Code IBKL0574R17 for the Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand branch of Idbi Bank in Ratnagiri, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0574R17. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Idbi Bank IFSC Code IBKL0574R17.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Idbi Bank Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand in Ratnagiri, it may 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 Ratnagiri Dcc Bank Ltd., Ratnagiri,Dhamnand, 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 Ratnagiri to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0574R17.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is House Of Shri. Kashiram Narayan Palande, H. No. 1, A/P. Dhamanand, located in Ratnagiri, Dhamnand, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.