IFSC Code of Idfc First Bank Ltd, Panposh Road Branch, Panposh Road, Odisha — IDFB0061161

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Idfc First Bank Ltd for its Panposh Road Branch branch in Sundargarh, Panposh Road, Odisha, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Idfc First Bank Ltd located in Sundargarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code IDFB0061161. 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, Panposh Road Branch, Sundargarh

Below in the table are the key details related to IFSC Code IDFB0061161 of Idfc First Bank Ltd for its branch located in Sundargarh, within the district of Panposh Road in the state of Odisha.

These details are essential not only for online banking users but also for businesses and individuals who use Idfc First Bank Ltd in Sundargarh for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDFB0061161 for the Panposh Road 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Idfc First Bank Ltd located in Panposh Road Branch, Sundargarh, Odisha, are given a unique IFSC like IDFB0061161 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Sundargarh.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Sundargarh and Panposh Road.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Idfc First Bank Ltd in Panposh Road Branch goes to the correct branch. This is important because Idfc First Bank Ltd has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code IDFB0061161

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 Panposh Road Branch in Sundargarh.

For example, the IFSC Code IDFB0061161 of Idfc First Bank Ltd for the Panposh Road Branch branch includes these elements, identifying the bank and the branch location in Sundargarh and Odisha accurately.

How to Find IFSC Code for Idfc First Bank Ltd?

To find the IFSC Code IDFB0061161 of Idfc First Bank Ltd for its Panposh Road Branch branch located in Sundargarh, the following methods can help you out:

Cheque Book

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

Passbook

Most banks, including Idfc First Bank Ltd branches in Sundargarh and Panposh 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 go to the branch locator section. Then search for Panposh Road Branch or Sundargarh to find the exact IFSC Code IDFB0061161.

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 maintains an updated database of all IFSC codes. Searching for Idfc First Bank Ltd and Sundargarh will provide accurate information.

How to Use IFSC Code IDFB0061161 for Online Transfers?

Once you have the IFSC Code IDFB0061161 for the Panposh Road Branch branch of Idfc First Bank Ltd in Sundargarh, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code IDFB0061161. 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 IDFB0061161.

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 Panposh Road Branch in Sundargarh, 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 Panposh Road Branch, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Sundargarh manage online transfers as well as cheque clearances with ease.