IFSC Code, MICR Codes for IDBI BANK in ANDHRA PRADESH - HYDERABAD URBAN - HYDERABAD - BASHEER BAGH

IDBI BANK RTGS HO Branch in HYDERABAD - Address, IFSC, MICR Code


IFSC Code

IBKL0000002

MICR Code

500259002

Branch

BASHEER BAGH

Contact

0

Address

MAHAVIR HOUSEBASHEERBAGH SQUARE

City

HYDERABAD

District

HYDERABAD URBAN

State

ANDHRA PRADESH





What is IFSC Code of IDBI BANK situated at BASHEER BAGH- RTGS-HO?
IFSC Code of IDBI BANK situated at BASHEER BAGH - RTGS-HO is

IBKL0000002

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.