IFSC Code of Idbi Bank, State Transport Bank Pusad, Pusad, Maharashtra — IBKL0617S40

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Idbi Bank for its State Transport Bank Pusad branch in Yavatmal, Pusad, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Idbi Bank located in Yavatmal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0617S40. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Idbi Bank, State Transport Bank Pusad, Yavatmal

Here are the key points that are associated with the IFSC Code IBKL0617S40 of Idbi Bank for its branch located in Yavatmal, within the district of Pusad in the state of Maharashtra.

These details are essential not only for online banking users but also for businesses and individuals who use Idbi Bank in Yavatmal for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0617S40 for the State Transport Bank Pusad branch of Idbi Bank plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Idbi Bank located in State Transport Bank Pusad, Yavatmal, Maharashtra, is provided a unique IFSC like IBKL0617S40 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Idbi Bank branch in Yavatmal.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Yavatmal and Pusad.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Idbi Bank in State Transport Bank Pusad do not get misguided to another person.

Format of the IFSC Code IBKL0617S40

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): 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 State Transport Bank Pusad in Yavatmal.

For example, the IFSC Code IBKL0617S40 of Idbi Bank for the State Transport Bank Pusad branch includes these elements, identifying the bank and the branch location in Yavatmal and Maharashtra accurately.

How to Find IFSC Code for Idbi Bank?

If you are looking for the IFSC Code IBKL0617S40 of Idbi Bank for its State Transport Bank Pusad branch located in Yavatmal, the following methods can help:

Cheque Book

The cheque book that is issued by Idbi Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Idbi Bank branches in Yavatmal and Pusad, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Idbi Bank and look for the branch locator section, then search for State Transport Bank Pusad or Yavatmal to get the exact IFSC Code IBKL0617S40.

Mobile Banking App

If you use Idbi Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Idbi Bank and Yavatmal, then it will provide you proper information.

How to Use IFSC Code IBKL0617S40 for Online Transfers?

Once you have the IFSC Code IBKL0617S40 for the State Transport Bank Pusad branch of Idbi Bank in Yavatmal, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IBKL0617S40. 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 IBKL0617S40.

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 State Transport Bank Pusad in Yavatmal, 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 State Transport Bank Pusad, 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 Yavatmal manage online transfers as well as cheque clearances with ease.