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 Idfc First Bank Ltd for its Ambajogai Branch branch in Beed, Ambajogai, 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 Idfc First Bank Ltd located in Beed or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IDFB0043821. 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 Idfc First Bank Ltd, Ambajogai Branch, Beed
Below in the table are the key details related to IFSC Code IDFB0043821 of Idfc First Bank Ltd for its branch located in Beed, within the district of Ambajogai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Idfc First Bank Ltd |
| IFSC Code | IDFB0043821 |
| Branch | Ambajogai Branch |
| City | Beed |
| District | Ambajogai |
| State | Maharashtra |
| Address | Ground Floor,9-1231/1,Plot No.37,38,39,40, Parali Road,Santosh Palace,Ambedkar Chowk,Village Ambajogai,Taluka-Ambajogai,Maharashtra-431517,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 Beed for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDFB0043821 for the Ambajogai 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, including Idfc First Bank Ltd located in Ambajogai Branch, Beed, Maharashtra, is provided with a unique IFSC like IDFB0043821 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Idfc First Bank Ltd branch in Beed.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Beed and Ambajogai.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Idfc First Bank Ltd in Ambajogai Branch do not get mixed with another location.
Format of the IFSC Code IDFB0043821
The format of the IFSC Code for banks, including Idfc First Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Idfc First Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ambajogai Branch in Beed.
For example, the IFSC Code IDFB0043821 of Idfc First Bank Ltd for the Ambajogai Branch branch includes these elements, identifying the bank and the branch location in Beed and Maharashtra accurately.
How to Find IFSC Code for Idfc First Bank Ltd?
If you are looking for the IFSC Code IDFB0043821 of Idfc First Bank Ltd for its Ambajogai Branch branch located in Beed, the following methods can help:
Cheque Book
The cheque book that is issued by Idfc First Bank Ltd 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 Idfc First Bank Ltd branches in Beed and Ambajogai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Idfc First Bank Ltd and look for the branch locator section, then search for Ambajogai Branch or Beed to get the exact IFSC Code IDFB0043821.
Mobile Banking App
If you use Idfc First Bank Ltd'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 Idfc First Bank Ltd and Beed, then it will provide you proper information.
How to Use IFSC Code IDFB0043821 for Online Transfers?
Once you have the IFSC Code IDFB0043821 for the Ambajogai Branch branch of Idfc First Bank Ltd in Beed, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDFB0043821. 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 IDFB0043821.
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 Ambajogai Branch in Beed, 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 Ambajogai 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 Beed manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IDFB0043821.
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,9-1231/1,Plot No.37,38,39,40, Parali Road,Santosh Palace,Ambedkar Chowk,Village Ambajogai,Taluka-Ambajogai,Maharashtra-431517,Toll Free No.18004194332 located in Beed, Ambajogai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.