IFSC Code, MICR Codes for IDBI BANK in PUNJAB - RUPNAGAR - MOHALI - MOHALI

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


IFSC Code

IBKL0000020

MICR Code

160259003

Branch

MOHALI

Contact

0

Address

SCF 58 PHASE III B 2S.A.S NAGAR

City

MOHALI

District

RUPNAGAR

State

PUNJAB





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

IBKL0000020

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.