IDBI IFSC Code IBKL0001596

IDBI – SHAHDOL

IFSC Code: IBKL0001596

MICR Code: 484259001

Branch: SHAHDOL

Bank: IDBI

Address: WARD NO 5,PALI ROAD,NEAR JAY STAMBH,SHAHDOL.PIN 484001

District: UMARIA

State: MADHYA PRADESH

Contact: +919981432536

Indian Financial System Code (IFSC): IBKL0001596

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

• The first four characters represent the bank name.
• The fifth character is always ‘0’ and is reserved for future use.
• Branch Code 001596. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 484259001

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.