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 Astha Peoples Coop Bank Ltd branch in Sangli, Ashta, Maharashtra, 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 Sangli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0116APC. 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 Astha Peoples Coop Bank Ltd, Sangli
Here are some of the key details that come with the IFSC Code IBKL0116APC of Idbi Bank for its branch located in Sangli, within the district of Ashta in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0116APC |
| Branch | The Astha Peoples Coop Bank Ltd |
| City | Sangli |
| District | Ashta |
| State | Maharashtra |
| Address | At And Post Astha,Kapad Peth,Tal Walwa |
These details helps users in online banking and for businesses and individuals who use Idbi Bank in Sangli for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0116APC for the The Astha Peoples Coop Bank Ltd 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 IBKL0116APC is given to every bank branch, including Idbi Bank located in The Astha Peoples Coop Bank Ltd, 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 Ashta.
- 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 The Astha Peoples Coop Bank Ltd doesn't end up at another location.
Format of the IFSC Code IBKL0116APC
This is the format of the IFSC Code for banks, including Idbi Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Idbi Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as The Astha Peoples Coop Bank Ltd in Sangli.
For example, the IFSC Code IBKL0116APC of Idbi Bank for the The Astha Peoples Coop Bank Ltd branch includes these elements, identifying the bank and the branch location in Sangli and Maharashtra accurately.
How to Find IFSC Code for Idbi Bank?
To find the IFSC Code IBKL0116APC of Idbi Bank for its The Astha Peoples Coop Bank Ltd branch located in Sangli, 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 Sangli and Ashta, 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 Astha Peoples Coop Bank Ltd or Sangli to find the exact IFSC Code IBKL0116APC.
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 Sangli will provide accurate information.
How to Use IFSC Code IBKL0116APC for Online Transfers?
Once you have the IFSC Code IBKL0116APC for the The Astha Peoples Coop Bank Ltd branch of Idbi Bank in Sangli, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL0116APC. 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 IBKL0116APC.
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 Astha Peoples Coop Bank Ltd in Sangli, your payment can get delayed or might not go through at all.
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 The Astha Peoples Coop Bank Ltd, 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 Sangli manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the The Astha Peoples Coop Bank Ltd Sangli branch is IBKL0116APC.
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 At And Post Astha,Kapad Peth,Tal Walwa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.