IDBI IFSC Code IBKL0001071

IDBI – BAGALKOT

IFSC Code: IBKL0001071

MICR Code: 587259102

Branch: BAGALKOT

Bank: IDBI

Address: IDBI BANK LTD, LAXMI COMPLEX, T P NO 82,WARD NO 10,NEAR VASAVI TALKIES, STATION ROAD, BAGALKOT – 587101

District: BAGALKOTE

State: KARNATAKA

Contact:

Indian Financial System Code (IFSC): IBKL0001071

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 001071. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 587259102

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.