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IFSC Code of Idbi Bank, The Pritisangam Sahakari Bank Ltd, Karad, Karad, Maharashtra — IBKL0470PSB

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 Pritisangam Sahakari Bank Ltd, Karad branch in Satara, Karad, 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 Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0470PSB. 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 Pritisangam Sahakari Bank Ltd, Karad, Satara

Here are some of the key details that come with the IFSC Code IBKL0470PSB of Idbi Bank for its branch located in Satara, within the district of Karad in the state of Maharashtra.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0470PSB
Branch The Pritisangam Sahakari Bank Ltd, Karad
City Satara
District Karad
State Maharashtra
Address Near S.T.Stand,56,Shaniwar Peth,Tal.- Karad,Dist.- Satara,Pin Code 415110

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 IBKL0470PSB for the The Pritisangam Sahakari Bank Ltd, 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, along with Idbi Bank located in The Pritisangam Sahakari Bank Ltd, Karad, Satara, Maharashtra, are allotted a unique IFSC like IBKL0470PSB to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Satara.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Satara and Karad.
  • 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 The Pritisangam Sahakari Bank Ltd, Karad reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code IBKL0470PSB

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 The Pritisangam Sahakari Bank Ltd, Karad in Satara.

For example, the IFSC Code IBKL0470PSB of Idbi Bank for the The Pritisangam Sahakari Bank Ltd, Karad branch includes these elements, identifying the bank and the branch location in Satara and Maharashtra accurately.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0470PSB of Idbi Bank for its The Pritisangam Sahakari Bank Ltd, Karad branch located in Satara, 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 Satara and Karad, 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 The Pritisangam Sahakari Bank Ltd, Karad or Satara to get the exact IFSC Code IBKL0470PSB.

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 Satara, you'll get the correct details.

How to Use IFSC Code IBKL0470PSB for Online Transfers?

Once you have the IFSC Code IBKL0470PSB for the The Pritisangam Sahakari Bank Ltd, Karad branch of Idbi Bank in Satara, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0470PSB. Transfers are processed in batches. This is 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. Requires the recipient's account details and Idbi Bank IFSC Code IBKL0470PSB.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Idbi Bank The Pritisangam Sahakari Bank Ltd, Karad in Satara 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 The Pritisangam Sahakari Bank Ltd, Karad, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Satara manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idbi Bank in The Pritisangam Sahakari Bank Ltd, Karad, Satara?

The IFSC Code is IBKL0470PSB.

Is the IFSC Code IBKL0470PSB permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Idbi Bank The Pritisangam Sahakari Bank Ltd, Karad?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the The Pritisangam Sahakari Bank Ltd, Karad branch?

The address of the branch is Near S.T.Stand,56,Shaniwar Peth,Tal.- Karad,Dist.- Satara,Pin Code 415110 located in Satara, Karad, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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