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,Kkv - Dapoli branch in Ratnagiri, Dapoli, 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 IBKL0574R12. 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,Kkv - Dapoli, Ratnagiri
Here are the key points that are associated with the IFSC Code IBKL0574R12 of Idbi Bank for its branch located in Ratnagiri, within the district of Dapoli in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0574R12 |
| Branch | Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli |
| City | Ratnagiri |
| District | Dapoli |
| State | Maharashtra |
| Address | Building Of Konkan Krishi Vidyapeeth, Dapoli, Faculty Building, Room No.27,28, A/P. Dapoli, |
These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Ratnagiri for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0574R12 for the Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli 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 that is provided by the Reserve Bank of India. A unique IFSC like IBKL0574R12 is given to every bank branch, including Idbi Bank located in Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli, Ratnagiri, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Idbi Bank branch in Ratnagiri.
- 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 Ratnagiri and Dapoli.
- 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Idbi Bank in Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli doesn't end up at another location.
Format of the IFSC Code IBKL0574R12
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 Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli in Ratnagiri.
For example, the IFSC Code IBKL0574R12 of Idbi Bank for the Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli branch includes these elements, identifying the bank and the branch location in Ratnagiri and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0574R12 of Idbi Bank for its Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli 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
You can easily find the IFSC and MICR codes because most banks, including Idbi Bank branches in Ratnagiri and Dapoli, 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 Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli or Ratnagiri to get the exact IFSC Code IBKL0574R12.
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 IBKL0574R12 for Online Transfers?
If you have the IFSC Code IBKL0574R12 for the Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli 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 IBKL0574R12. 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 IBKL0574R12.
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,Kkv - Dapoli in Ratnagiri, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Idbi Bank in Ratnagiri Dcc Bank Ltd., Ratnagiri,Kkv - Dapoli, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Ratnagiri manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0574R12.
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 Building Of Konkan Krishi Vidyapeeth, Dapoli, Faculty Building, Room No.27,28, A/P. Dapoli, located in Ratnagiri, Dapoli, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.