The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Idbi Bank for its The Yavatmal Urban Co Op Bank Ltd branch in Yavatmal, Ghatanji, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Idbi Bank located in Yavatmal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IBKL0041Y09. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idbi Bank, The Yavatmal Urban Co Op Bank Ltd, Yavatmal
The table below shows the main details of the IFSC Code IBKL0041Y09 for the Idbi Bank branch in Yavatmal, which falls under the Ghatanji district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idbi Bank |
| IFSC Code | IBKL0041Y09 |
| Branch | The Yavatmal Urban Co Op Bank Ltd |
| City | Yavatmal |
| District | Ghatanji |
| State | Maharashtra |
| Address | Near State Bank Of India,Ghatanji |
These details help users in online banking and for businesses and individuals who use Idbi Bank in Yavatmal for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IBKL0041Y09 for the The Yavatmal Urban Co Op Bank Ltd 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Idbi Bank located in The Yavatmal Urban Co Op Bank Ltd, Yavatmal, Maharashtra, is provided a unique IFSC like IBKL0041Y09 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 Ghatanji.
- 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 The Yavatmal Urban Co Op Bank Ltd do not get misguided to another person.
Format of the IFSC Code IBKL0041Y09
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 The Yavatmal Urban Co Op Bank Ltd in Yavatmal.
For example, the IFSC Code IBKL0041Y09 of Idbi Bank for the The Yavatmal Urban Co Op Bank Ltd branch has these elements, identifying the bank and the branch location in Yavatmal and Maharashtra correctly.
How to Find IFSC Code for Idbi Bank?
If you are trying to find the IFSC Code IBKL0041Y09 of Idbi Bank for its The Yavatmal Urban Co Op Bank Ltd branch located in Yavatmal, 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 Yavatmal and Ghatanji, 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 The Yavatmal Urban Co Op Bank Ltd or Yavatmal to get the exact IFSC Code IBKL0041Y09.
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 Yavatmal, you'll get the correct details.
How to Use IFSC Code IBKL0041Y09 for Online Transfers?
Once you have the IFSC Code IBKL0041Y09 for the The Yavatmal Urban Co Op Bank Ltd branch of Idbi Bank in Yavatmal, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IBKL0041Y09. Transfers are processed in batches. This is suitable for 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 IBKL0041Y09.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Idbi Bank The Yavatmal Urban Co Op Bank Ltd in Yavatmal may result in delayed or failed transactions.
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 Yavatmal Urban Co Op Bank Ltd, 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 Yavatmal manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IBKL0041Y09.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Near State Bank Of India,Ghatanji located in Yavatmal, Ghatanji, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.