IDBI IFSC Code IBKL0089SMC

IDBI – THE SWASAKTHI MERCANTILE CO-OPERATIVE URBAN BANK LTD

IFSC Code: IBKL0089SMC

MICR Code: 520259252

Branch: THE SWASAKTHI MERCANTILE CO-OPERATIVE URBAN BANK LTD

Bank: IDBI

Address: 40-27-5/1 PINNAMANENI POLYCLINIC ROAD, VIJAYAWADA 520010

District: KRISHNA

State: ANDHRA PRADESH

Contact:

Indian Financial System Code (IFSC): IBKL0089SMC

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 089SMC. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 520259252

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.