For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Idbi Bank for its Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon branch in Sangli, Sangli, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Idbi Bank located in Sangli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL01894AB. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Idbi Bank, Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon, Sangli
Below in the table are the key details related to IFSC Code IBKL01894AB of Idbi Bank for its branch located in Sangli, within the district of Sangli in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL01894AB |
| Branch | Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon |
| City | Sangli |
| District | Sangli |
| State | Maharashtra |
| Address | Near Ganpati Mandir,Vishrambag Sangli 416416 |
These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Sangli for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL01894AB for the Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon 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 IBKL01894AB is given to every bank branch, including Idbi Bank located in Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon, Sangli, 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 Sangli.
- 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 Sangli and Sangli.
- 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 Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon doesn't end up at another location.
Format of the IFSC Code IBKL01894AB
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): These represent the bank code. In Idbi Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon in Sangli.
For example, the IFSC Code IBKL01894AB of Idbi Bank for the Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon branch has these elements, identifying the bank and the branch location in Sangli and Maharashtra correctly.
How to Find IFSC Code for Idbi Bank?
If you are looking for the IFSC Code IBKL01894AB of Idbi Bank for its Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon branch located in Sangli, 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 Sangli and Sangli, 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 Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon or Sangli to get the exact IFSC Code IBKL01894AB.
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 Sangli, then it will provide you proper information.
How to Use IFSC Code IBKL01894AB for Online Transfers?
If you have the IFSC Code IBKL01894AB for the Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon branch of Idbi Bank in Sangli, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL01894AB. 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 IBKL01894AB.
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 Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon in Sangli, 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 Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon, 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 Sangli to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Appasaheb Birnale Sahakari Bank Ltd, Dudhgaon Sangli branch is IBKL01894AB.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Near Ganpati Mandir,Vishrambag Sangli 416416.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.