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 Sherpur branch in Sawai Madhopur, Khelchipur, Rajasthan, 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 Sawai Madhopur or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code IBKL0001470. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, Sherpur, Sawai Madhopur
The table below shows the main details of the IFSC Code IBKL0001470 for the Idbi Bank branch in Sawai Madhopur, which falls under the Khelchipur district in Rajasthan.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0001470 |
| Branch | Sherpur |
| City | Sawai Madhopur |
| District | Khelchipur |
| State | Rajasthan |
| Address | Gram Sherpur,Post Khilchipur,Sawai Madhopur 322001 |
These details help users in online banking and for businesses and individuals who use Idbi Bank in Sawai Madhopur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0001470 for the Sherpur branch of Idbi Bank has a very important role.
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 Sherpur, Sawai Madhopur, Rajasthan, are given a unique IFSC like IBKL0001470 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sawai Madhopur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Sawai Madhopur and Khelchipur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Idbi Bank in Sherpur goes to the correct branch. This is important because Idbi Bank has thousands of branches in Rajasthan and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IBKL0001470
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 Sherpur in Sawai Madhopur.
For example, the IFSC Code IBKL0001470 of Idbi Bank for the Sherpur branch has these elements, identifying the bank and the branch location in Sawai Madhopur and Rajasthan correctly.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0001470 of Idbi Bank for its Sherpur branch located in Sawai Madhopur, 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 Sawai Madhopur and Khelchipur, 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 Sherpur or Sawai Madhopur to get the exact IFSC Code IBKL0001470.
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 Sawai Madhopur, you'll get the correct details.
How to Use IFSC Code IBKL0001470 for Online Transfers?
Once you have the IFSC Code IBKL0001470 for the Sherpur branch of Idbi Bank in Sawai Madhopur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0001470. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Idbi Bank IFSC Code IBKL0001470.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Idbi Bank Sherpur in Sawai Madhopur, it can 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 Sherpur, 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 Sawai Madhopur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0001470.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Gram Sherpur,Post Khilchipur,Sawai Madhopur 322001 located in Sawai Madhopur, Khelchipur, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.