IFSC Code, MICR Codes for IDBI BANK in MADHYA PRADESH - SAGAR - SAGAR - SAGAR

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


IFSC Code

IBKL0000407

MICR Code

470259001

Branch

SAGAR

Contact

0

Address

155 LAJPATPURA WARD MAHAVIR JINALAYA SAGAR M.P.470002

City

SAGAR

District

SAGAR

State

MADHYA PRADESH





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

IBKL0000407

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.