IBKL0000407 IFSC Code, IDBI, SAGAR

IFSC Code of Idbi, Sagar, Madhya Pradesh IFSC CODE & MICR CODE

IDBI, SAGAR - IBKL0000407

  • Bank name: IDBI

Bank Address: 155 Lajpatpura Ward Mahavir Jinalaya Sagar M P 470002

  • IFSC Code ibkl0000407
  • Bank Code IBKL
  • Bank name IDBI
  • Bank contact number +918979306363
  • Bank branch SAGAR
  • Bank ISO3166 Code IN-MP
  • Bank Center SAGAR
  • MICR Code 470259001
  • State name MADHYA PRADESH
  • District name SAGAR
  • City name SAGAR
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for IDBI, SAGAR branch is IBKL0000407, ensures that your transactions are directed to the correct branch.

How to Use IBKL0000407 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the SAGAR branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.