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 The Sultan S Battery Cooperative Urban Bank branch in Wayanad, Sulthanbathery, Kerala, 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 Wayanad or anywhere in Kerala can easily transfer funds instantly by using the correct IFSC Code IBKL01708SB. 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, The Sultan S Battery Cooperative Urban Bank, Wayanad
The table below shows the main details of the IFSC Code IBKL01708SB for the Idbi Bank branch in Wayanad, which falls under the Sulthanbathery district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL01708SB |
| Branch | The Sultan S Battery Cooperative Urban Bank |
| City | Wayanad |
| District | Sulthanbathery |
| State | Kerala |
| Address | Crescent Building,Sulthan Bathery,Wayanad,Kerala-673592 |
These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Wayanad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL01708SB for the The Sultan S Battery Cooperative Urban Bank 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, along with Idbi Bank located in The Sultan S Battery Cooperative Urban Bank, Wayanad, Kerala, are given a unique IFSC like IBKL01708SB to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Wayanad.
- 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 Wayanad and Sulthanbathery.
- 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 The Sultan S Battery Cooperative Urban Bank goes to the correct branch. This is important because Idbi Bank has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IBKL01708SB
This is the format of the IFSC Code for banks, including Idbi Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Idbi Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as The Sultan S Battery Cooperative Urban Bank in Wayanad.
For example, the IFSC Code IBKL01708SB of Idbi Bank for the The Sultan S Battery Cooperative Urban Bank branch includes these elements, identifying the bank and the branch location in Wayanad and Kerala accurately.
How to Find IFSC Code for Idbi Bank?
To find the IFSC Code IBKL01708SB of Idbi Bank for its The Sultan S Battery Cooperative Urban Bank branch located in Wayanad, the following methods can help you out:
Cheque Book
The cheque book issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Idbi Bank branches in Wayanad and Sulthanbathery, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Idbi Bank and go to the branch locator section. Then search for The Sultan S Battery Cooperative Urban Bank or Wayanad to find the exact IFSC Code IBKL01708SB.
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 maintains an updated database of all IFSC codes. Searching for Idbi Bank and Wayanad will provide accurate information.
How to Use IFSC Code IBKL01708SB for Online Transfers?
Once you have the IFSC Code IBKL01708SB for the The Sultan S Battery Cooperative Urban Bank branch of Idbi Bank in Wayanad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IBKL01708SB. The transfer is completed in batches instead of instantly. It is useful for both 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 IBKL01708SB.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idbi Bank The Sultan S Battery Cooperative Urban Bank in Wayanad, 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 The Sultan S Battery Cooperative Urban Bank, 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 Wayanad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL01708SB.
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 Crescent Building,Sulthan Bathery,Wayanad,Kerala-673592 located in Wayanad, Sulthanbathery, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.