IFSC Code, MICR Codes for IDBI BANK in TELANGANA - MEDAK - SANGAREDDY - SANGAREDDY

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


IFSC Code

IBKL0001723

MICR Code

502259522

Branch

SANGAREDDY

Contact

272360

Address

D NO.3-5-34VEERABHADRA NAGAROPP NEW BUS STANDSANGAREDDY -502001

City

SANGAREDDY

District

MEDAK

State

TELANGANA





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

IBKL0001723

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.