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 Idfc First Bank Ltd for its Rakhial Branch branch in Ahmedabad, Ahmedabad, Gujarat, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Idfc First Bank Ltd located in Ahmedabad or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code IDFB0040317. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Idfc First Bank Ltd, Rakhial Branch, Ahmedabad
Here are the main details that are associated with the IFSC Code IDFB0040317 of Idfc First Bank Ltd for its branch located in Ahmedabad, within the district of Ahmedabad in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Idfc First Bank Ltd |
| IFSC Code | IDFB0040317 |
| Branch | Rakhial Branch |
| City | Ahmedabad |
| District | Ahmedabad |
| State | Gujarat |
| Address | Ground Floor, B-01B, Sumel 8, Ajit Mill Amts Bus Stop, Rakhial Road, Ahmedabad, Gujarat-380023, Toll Free No. 18004194332 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Idfc First Bank Ltd in Ahmedabad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDFB0040317 for the Rakhial Branch branch of Idfc First Bank Ltd has 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 Idfc First Bank Ltd located in Rakhial Branch, Ahmedabad, Gujarat, are allotted a unique IFSC like IDFB0040317 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ahmedabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ahmedabad and Ahmedabad.
- 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 Idfc First Bank Ltd in Rakhial Branch reaches the right place, even though there are thousands of branches in Gujarat and across India.
Format of the IFSC Code IDFB0040317
The format of the IFSC Code for banks, including Idfc First Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Idfc First Bank Ltd, 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 Rakhial Branch in Ahmedabad.
For example, the IFSC Code IDFB0040317 of Idfc First Bank Ltd for the Rakhial Branch branch includes these elements, identifying the bank and the branch location in Ahmedabad and Gujarat accurately.
How to Find IFSC Code for Idfc First Bank Ltd?
If you are trying to find the IFSC Code IDFB0040317 of Idfc First Bank Ltd for its Rakhial Branch branch located in Ahmedabad, the following methods can help:
Cheque Book
The cheque books that are issued by Idfc First Bank Ltd 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 Idfc First Bank Ltd branches in Ahmedabad and Ahmedabad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Idfc First Bank Ltd and find the branch locator section. Search for Rakhial Branch or Ahmedabad to get the exact IFSC Code IDFB0040317.
Mobile Banking App
If you use Idfc First Bank Ltd'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 Idfc First Bank Ltd and Ahmedabad that will provide accurate information.
How to Use IFSC Code IDFB0040317 for Online Transfers?
Once you have the IFSC Code IDFB0040317 for the Rakhial Branch branch of Idfc First Bank Ltd in Ahmedabad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDFB0040317. 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 Idfc First Bank Ltd IFSC Code IDFB0040317.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Idfc First Bank Ltd Rakhial Branch in Ahmedabad, it can 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 Idfc First Bank Ltd in Rakhial Branch, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Idfc First Bank Ltd website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Ahmedabad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IDFB0040317.
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 Ground Floor, B-01B, Sumel 8, Ajit Mill Amts Bus Stop, Rakhial Road, Ahmedabad, Gujarat-380023, Toll Free No. 18004194332 located in Ahmedabad, Ahmedabad, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.