IBKL0001636 IFSC Code, IDBI, MEDCHAL

IFSC Code of Idbi, Medchal, Andhra Pradesh IFSC CODE & MICR CODE

IDBI, MEDCHAL - IBKL0001636

  • Bank name: IDBI

Bank Address: H No 1 37,rtc Colony.beside Mukund Theatre,medchal 501401

  • IFSC Code ibkl0001636
  • Bank Code IBKL
  • Bank name IDBI
  • Bank contact number +919849578785
  • Bank branch MEDCHAL
  • Bank ISO3166 Code IN-AP
  • Bank Center MEDCHAL
  • MICR Code 500259024
  • State name ANDHRA PRADESH
  • District name MEDCHAL
  • City name RANGAREDDY
  • 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, MEDCHAL branch is IBKL0001636, ensures that your transactions are directed to the correct branch.

How to Use IBKL0001636 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 MEDCHAL 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.