IDBI IFSC Code IBKL0000023

IDBI – PANVEL

IFSC Code: IBKL0000023

MICR Code: 400259006

Branch: PANVEL

Bank: IDBI

Address: BALAJI APTS, PLOT NO3 , SECTOR 19,PANVEL MATHERAN ROAD, NEW PANVEL

District: RAIGAD

State: MAHARASHTRA

Contact:

Indian Financial System Code (IFSC): IBKL0000023

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 000023. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 400259006

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.