For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Idbi Bank for its Tikamgarh branch in Tikamgarh, Tikamgarh, Madhya Pradesh, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Idbi Bank located in Tikamgarh or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code IBKL0001565. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Idbi Bank, Tikamgarh, Tikamgarh

Here are some of the key details that come with the IFSC Code IBKL0001565 of Idbi Bank for its branch located in Tikamgarh, within the district of Tikamgarh in the state of Madhya Pradesh.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0001565
Branch Tikamgarh
City Tikamgarh
District Tikamgarh
State Madhya Pradesh
Address Vinod Kunj Tiraha Sangam Garden,Tikamgarh Mp 472001

These details help users in online banking and for businesses and individuals who use Idbi Bank in Tikamgarh for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0001565 for the Tikamgarh 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 Tikamgarh, Tikamgarh, Madhya Pradesh, are allotted a unique IFSC like IBKL0001565 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Tikamgarh.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Tikamgarh and Tikamgarh.
  • 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 Tikamgarh reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.

Format of the IFSC Code IBKL0001565

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 Tikamgarh in Tikamgarh.

For example, the IFSC Code IBKL0001565 of Idbi Bank for the Tikamgarh branch has these elements, identifying the bank and the branch location in Tikamgarh and Madhya Pradesh correctly.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0001565 of Idbi Bank for its Tikamgarh branch located in Tikamgarh, 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 Tikamgarh and Tikamgarh, 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 Tikamgarh or Tikamgarh to get the exact IFSC Code IBKL0001565.

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 Tikamgarh, you'll get the correct details.

How to Use IFSC Code IBKL0001565 for Online Transfers?

Once you have the IFSC Code IBKL0001565 for the Tikamgarh branch of Idbi Bank in Tikamgarh, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code IBKL0001565. 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 IBKL0001565.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank Tikamgarh in Tikamgarh, 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 Tikamgarh, 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 Tikamgarh manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idbi Bank in Tikamgarh, Tikamgarh?

The IFSC Code is IBKL0001565.

Is the IFSC Code IBKL0001565 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Idbi Bank Tikamgarh?

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

What is the full address of the Tikamgarh branch?

The address of the branch is Vinod Kunj Tiraha Sangam Garden,Tikamgarh Mp 472001 located in Tikamgarh, Tikamgarh, Madhya Pradesh.

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.