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 Idfc First Bank Ltd for its Samalakha Branch branch in Panipat, Samalakha, Haryana, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Idfc First Bank Ltd located in Panipat or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code IDFB0021624. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Idfc First Bank Ltd, Samalakha Branch, Panipat
The table below shows the main details of the IFSC Code IDFB0021624 for the Idfc First Bank Ltd branch in Panipat, which falls under the Samalakha district in Haryana.
| Particulars | Details |
|---|---|
| Bank | Idfc First Bank Ltd |
| IFSC Code | IDFB0021624 |
| Branch | Samalakha Branch |
| City | Panipat |
| District | Samalakha |
| State | Haryana |
| Address | Ground Floor, Khewat No. 1015, Khasra No. 19-30 2-12 8 -39, Samalkha Dist, Panipat- 132101, Toll Free No. 18004194332 |
These details are important not only for users using online banking but also for businesses and individuals who use Idfc First Bank Ltd in Panipat for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IDFB0021624 for the Samalakha Branch branch of Idfc First Bank Ltd is vital.
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 Samalakha Branch, Panipat, Haryana, is provided a unique IFSC like IDFB0021624 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 Panipat.
- 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 Panipat and Samalakha.
- 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 Haryana and the rest of India, the IFSC Code ensures that transactions meant for Idfc First Bank Ltd in Samalakha Branch do not get misguided to another person.
Format of the IFSC Code IDFB0021624
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 Samalakha Branch in Panipat.
For example, the IFSC Code IDFB0021624 of Idfc First Bank Ltd for the Samalakha Branch branch includes these elements, identifying the bank and the branch location in Panipat and Haryana accurately.
How to Find IFSC Code for Idfc First Bank Ltd?
If you are looking for the IFSC Code IDFB0021624 of Idfc First Bank Ltd for its Samalakha Branch branch located in Panipat, 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 Panipat and Samalakha, 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 Samalakha Branch or Panipat to get the exact IFSC Code IDFB0021624.
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 Panipat, then it will provide you proper information.
How to Use IFSC Code IDFB0021624 for Online Transfers?
Once you have the IFSC Code IDFB0021624 for the Samalakha Branch branch of Idfc First Bank Ltd in Panipat, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IDFB0021624. The transfer is completed in batches instead of instantly. It is useful for both 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 Idfc First Bank Ltd IFSC Code IDFB0021624.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idfc First Bank Ltd Samalakha Branch in Panipat, your payment can get delayed or might not go through at all.
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 Samalakha 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 Panipat to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Samalakha Branch Panipat branch is IDFB0021624.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor, Khewat No. 1015, Khasra No. 19-30 2-12 8 -39, Samalkha Dist, Panipat- 132101, Toll Free No. 18004194332.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.