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 Balangir Branch branch in Balangir, Balangir, Odisha, 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 Balangir or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code IDFB0061251. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Idfc First Bank Ltd, Balangir Branch, Balangir

The table below shows the main details of the IFSC Code IDFB0061251 for the Idfc First Bank Ltd branch in Balangir, which falls under the Balangir district in Odisha.

Particulars Details
Bank Idfc First Bank Ltd
IFSC Code IDFB0061251
Branch Balangir Branch
City Balangir
District Balangir
State Odisha
Address Ground Floor, Damayanti Heights, College Square, Rajendra College, Front Of Block Office N0.1, Balangir, Odisha- 767001, Tollfree No.-18004194332

These details are essential not only for online banking users but also for businesses and individuals who use Idfc First Bank Ltd in Balangir for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDFB0061251 for the Balangir Branch branch of Idfc First Bank Ltd 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 Idfc First Bank Ltd located in Balangir Branch, Balangir, Odisha, is provided a unique IFSC like IDFB0061251 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Idfc First Bank Ltd branch in Balangir.
  • 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 Balangir and Balangir.
  • 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 Odisha and the rest of India, the IFSC Code ensures that transactions meant for Idfc First Bank Ltd in Balangir Branch do not get misguided to another person.

Format of the IFSC Code IDFB0061251

This is the format of the IFSC Code for banks, including Idfc First Bank Ltd, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Idfc First Bank Ltd, 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 Balangir Branch in Balangir.

For example, the IFSC Code IDFB0061251 of Idfc First Bank Ltd for the Balangir Branch branch includes these elements, identifying the bank and the branch location in Balangir and Odisha accurately.

How to Find IFSC Code for Idfc First Bank Ltd?

If you are trying to find the IFSC Code IDFB0061251 of Idfc First Bank Ltd for its Balangir Branch branch located in Balangir, the following methods can help:

Cheque Book

The cheque book issued by Idfc First Bank Ltd includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Idfc First Bank Ltd branches in Balangir and Balangir, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Idfc First Bank Ltd and navigate to the branch locator section. Search for Balangir Branch or Balangir to get the exact IFSC Code IDFB0061251.

Mobile Banking App

If you use Idfc First Bank Ltd'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 Idfc First Bank Ltd and Balangir, you'll get the correct details.

How to Use IFSC Code IDFB0061251 for Online Transfers?

Once you have the IFSC Code IDFB0061251 for the Balangir Branch branch of Idfc First Bank Ltd in Balangir, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IDFB0061251. 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 IDFB0061251.

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 Balangir Branch in Balangir, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Idfc First Bank Ltd in Balangir Branch, here are some of the ways you can get 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.

Knowing both IFSC and MICR code can help account holders in Balangir manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Idfc First Bank Ltd in Balangir Branch, Balangir?

The IFSC Code is IDFB0061251.

Is the IFSC Code IDFB0061251 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Idfc First Bank Ltd Balangir Branch?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Balangir Branch branch?

The address of the branch is Ground Floor, Damayanti Heights, College Square, Rajendra College, Front Of Block Office N0.1, Balangir, Odisha- 767001, Tollfree No.-18004194332 located in Balangir, Balangir, Odisha.

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.