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 The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode branch in Wayanad, Chulliyode, Kerala, 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 Wayanad or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code IBKL0SBCB05. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Idbi Bank, The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode, Wayanad

Here are the key points that are associated with the IFSC Code IBKL0SBCB05 of Idbi Bank for its branch located in Wayanad, within the district of Chulliyode in the state of Kerala.

Particulars Details
Bank Idbi Bank
IFSC Code IBKL0SBCB05
Branch The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode
City Wayanad
District Chulliyode
State Kerala
Address Xix/314,Tc Building,Thloor Road,Chulliyode

These details are important not only for users using online banking but also for businesses and individuals who use Idbi Bank in Wayanad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IBKL0SBCB05 for the The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode 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 The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode, Wayanad, Kerala, is provided with a unique IFSC like IBKL0SBCB05 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Idbi Bank branch in Wayanad.
  • 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 Wayanad and Chulliyode.
  • 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 Kerala and the rest of India and the IFSC Code ensures that transactions meant for Idbi Bank in The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode do not get mixed with another location.

Format of the IFSC Code IBKL0SBCB05

The format of the IFSC Code for banks, including Idbi Bank, has 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 Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode in Wayanad.

For example, the IFSC Code IBKL0SBCB05 of Idbi Bank for the The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode branch includes these elements, identifying the bank and the branch location in Wayanad and Kerala correctly.

How to Find IFSC Code for Idbi Bank?

If you are trying to find the IFSC Code IBKL0SBCB05 of Idbi Bank for its The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode branch located in Wayanad, 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 Wayanad and Chulliyode, 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 The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode or Wayanad to get the exact IFSC Code IBKL0SBCB05.

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 Wayanad that will provide accurate information.

How to Use IFSC Code IBKL0SBCB05 for Online Transfers?

Once you have the IFSC Code IBKL0SBCB05 for the The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode branch of Idbi Bank in Wayanad, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0SBCB05. 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 IBKL0SBCB05.

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 The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode in Wayanad, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Idbi Bank in The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Idbi Bank website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Wayanad manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idbi Bank in The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode, Wayanad?

The IFSC Code is IBKL0SBCB05.

Is the IFSC Code IBKL0SBCB05 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

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

Where can I find the IFSC Code of Idbi Bank The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the The Sultan S Battery Co-Operative Urban Bank Ltd. Chulliyode branch?

The address of the branch is Xix/314,Tc Building,Thloor Road,Chulliyode located in Wayanad, Chulliyode, Kerala.

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.