IFSC Code of Idbi Bank, Shivpuri, Shivpuri, Madhya Pradesh — IBKL0001564

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Idbi Bank for its Shivpuri branch in Shivpuri, Shivpuri, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Idbi Bank situated in Shivpuri or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code IBKL0001564. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Idbi Bank, Shivpuri, Shivpuri

Below in the table are the key details related to IFSC Code IBKL0001564 of Idbi Bank for its branch located in Shivpuri, within the district of Shivpuri in the state of Madhya Pradesh.

These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Shivpuri for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0001564 for the Shivpuri 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 provided by the Reserve Bank of India. Every bank branch, including Idbi Bank located in Shivpuri, Shivpuri, Madhya Pradesh, is provided with a unique IFSC like IBKL0001564 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Idbi Bank branch in Shivpuri.
• 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 Shivpuri and Shivpuri.
• 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Idbi Bank in Shivpuri do not get mixed with another location.

Format of the IFSC Code IBKL0001564

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 Shivpuri in Shivpuri.

For example, the IFSC Code IBKL0001564 of Idbi Bank for the Shivpuri branch has these elements, identifying the bank and the branch location in Shivpuri and Madhya Pradesh correctly.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0001564 of Idbi Bank for its Shivpuri branch located in Shivpuri, 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 Shivpuri and Shivpuri, 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 Shivpuri or Shivpuri to get the exact IFSC Code IBKL0001564.

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 Shivpuri that will provide accurate information.

How to Use IFSC Code IBKL0001564 for Online Transfers?

Once you have the IFSC Code IBKL0001564 for the Shivpuri branch of Idbi Bank in Shivpuri, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code IBKL0001564. 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 IBKL0001564.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Shivpuri in Shivpuri, your payment can get delayed or might not go through at all.

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 Shivpuri, 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 Shivpuri to handle online money transfers and get their cheques cleared smoothly.