IFSC Code of Idbi Bank, State Transport Bank Karad, Karad, Maharashtra — IBKL0617S04

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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Idbi Bank for its State Transport Bank Karad branch in Satara, Karad, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Idbi Bank located in Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0617S04. 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, State Transport Bank Karad, Satara

Here are the main details that are associated with the IFSC Code IBKL0617S04 of Idbi Bank for its branch located in Satara, within the district of Karad in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Satara for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0617S04 for the State Transport Bank Karad branch of Idbi Bank is vital.

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, including Idbi Bank located in State Transport Bank Karad, Satara, Maharashtra, is provided with a unique IFSC like IBKL0617S04 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Idbi Bank branch in Satara.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Satara and Karad.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Idbi Bank in State Transport Bank Karad do not get mixed with another location.

Format of the IFSC Code IBKL0617S04

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 State Transport Bank Karad in Satara.

For example, the IFSC Code IBKL0617S04 of Idbi Bank for the State Transport Bank Karad branch has these elements, identifying the bank and the branch location in Satara and Maharashtra correctly.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0617S04 of Idbi Bank for its State Transport Bank Karad branch located in Satara, the following methods can help:

Cheque Book

The cheque books that are issued by Idbi Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Idbi Bank branches in Satara and Karad, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Idbi Bank and find the branch locator section. Search for State Transport Bank Karad or Satara to get the exact IFSC Code IBKL0617S04.

Mobile Banking App

If you use Idbi Bank's mobile app, you can easily 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 to help you in searching for Idbi Bank and Satara that will provide accurate information.

How to Use IFSC Code IBKL0617S04 for Online Transfers?

If you have the IFSC Code IBKL0617S04 for the State Transport Bank Karad branch of Idbi Bank in Satara, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0617S04. 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 IBKL0617S04.

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 State Transport Bank Karad in Satara, 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 State Transport Bank Karad, 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 Satara to handle online money transfers and get their cheques cleared smoothly.