IFSC Code, MICR Codes for IDBI BANK in ANDHRA PRADESH - RANGAREDDY - MEDCHAL - MEDCHAL

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


IFSC Code

IBKL0001636

MICR Code

500259024

Branch

MEDCHAL

Contact

220088

Address

H NO 1 37RTC COLONY.BESIDE MUKUND THEATREMEDCHAL 501401

City

MEDCHAL

District

RANGAREDDY

State

ANDHRA PRADESH





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

IBKL0001636

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.