IFSC Code of Idfc First Bank Ltd, Hirakud Road Branch, Hirakud Road, Odisha — IDFB0061023

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Idfc First Bank Ltd for its Hirakud Road Branch branch in Sambalpur, Hirakud Road, Odisha, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Idfc First Bank Ltd situated in Sambalpur or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code IDFB0061023. You should 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, Hirakud Road Branch, Sambalpur

Here are the main details that are associated with the IFSC Code IDFB0061023 of Idfc First Bank Ltd for its branch located in Sambalpur, within the district of Hirakud Road in the state of Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Idfc First Bank Ltd in Sambalpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDFB0061023 for the Hirakud Road 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 that is provided by the Reserve Bank of India. A unique IFSC like IDFB0061023 is given to every bank branch, including Idfc First Bank Ltd located in Hirakud Road Branch, Sambalpur, Odisha, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Idfc First Bank Ltd branch in Sambalpur.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Sambalpur and Hirakud Road.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Idfc First Bank Ltd in Hirakud Road Branch doesn't end up at another location.

Format of the IFSC Code IDFB0061023

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 Hirakud Road Branch in Sambalpur.

For example, the IFSC Code IDFB0061023 of Idfc First Bank Ltd for the Hirakud Road Branch branch includes these elements, identifying the bank and the branch location in Sambalpur and Odisha accurately.

How to Find IFSC Code for Idfc First Bank Ltd?

If you are trying to find the IFSC Code IDFB0061023 of Idfc First Bank Ltd for its Hirakud Road Branch branch located in Sambalpur, 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 Sambalpur and Hirakud Road, 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 Hirakud Road Branch or Sambalpur to get the exact IFSC Code IDFB0061023.

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 Sambalpur that will provide accurate information.

How to Use IFSC Code IDFB0061023 for Online Transfers?

Once you have the IFSC Code IDFB0061023 for the Hirakud Road Branch branch of Idfc First Bank Ltd in Sambalpur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IDFB0061023. 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 IDFB0061023.

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 Hirakud Road Branch in Sambalpur, 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 Hirakud Road 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 Sambalpur to handle online money transfers and get their cheques cleared smoothly.