IFSC Code, MICR Codes for IDBI BANK in KARNATAKA - BANGALORE URBAN - BANGALORE - BANASWADI

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


IFSC Code

IBKL0001620

MICR Code

560259029

Branch

BANASWADI

Contact

25454145

Address

NO 14 7TH MAIN 80 FEET ROAD S B PALYA EXTN BANASWADI

City

BANGALORE

District

BANGALORE URBAN

State

KARNATAKA





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

IBKL0001620

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.