Find IFSC and MICR Code For Idbi Bank in Mahbubnagar

Choose Branch

Idbi Bank
Andhra Pradesh
Maharashtra
Gujarat
Jharkhand
Andhra Pradesh
Kerala
Karnataka
Bihar
Himachal Pradesh
Uttarakhand
West Bengal
Assam
Haryana
Goa
Odisha
Delhi
Punjab
Telangana
Uttar Pradesh
Arunachal Pradesh
Meghalaya
Sikkim
Madhya Pradesh
Chhattisgarh
Tamil Nadu
Rajasthan
Chandigarh
Manipur
Nagaland
Tripura
Jammu And Kashmir
Mizoram
Dadra And Nagar Haveli
Andaman And Nicobar Island
Puducherry
Daman And Diu
Mahbubnagar
Vijayawada
Machilipatnam
Nellore
Hyderabad
Salur
Visakhapatnam
Proddatur
Rajahmundry
Kakinada
Gudivada
Mangalagiri
Nuzvid
Dharmavaram
Gudur
Razole
Parvathipuram
Narsaraopet
Srikalahasti
Narsipatnam
Vuyyuru
Jangaon
Mahbubnagar
Adoni
Madanapalle
Chirala
Tuni
Ravulapalem
Karimnagar
Miryalaguda
Nalgonda
Dharmasagar
Sathupalli
Medchal
Jangareddigudem
Peddapuram
Anantapur
Siripuram
Gajwel
Tadepalligudem
Palamaner
Chittoor
Tadpatri
Hindupur
Nandyal
Seri Lingampally
Guntakal
Adilabad
Rajendranagar
Mandapeta
Tanuku
Gajuwaka
Muthukur
Anakapalle
Rajampet
Icrisat
Quthbullapur
Amalapuram
Tirupati
Kukatpally
Medak
Ongole
Guntur
Habshiguda
Atreyapuram
Eluru
Nizamabad
Vizianagaram
Amirpet
Srikakulam
Khammam
Bhimavaram
Tenali
Kurnool
Warangal
Cuddapah
Mahaboobnagar
Farooqnagar
Read More
Read Less

What is IFSC Code?

IFSC code, short for Indian Financial System Code, is 11 digit character or alphanumeric code used in electronic fund transfer within the different banks and their branches in India.

The IFSC or IFSC code, as its widely known, is used for the identification of different banks and branches. Out of the 11 characters, the first four are bank codes, and the last six are branch codes. This leaves out the fifth character, which is currently designated as zero and is reserved for any future use.

neft

NEFT

National Electronic Funds Transfer

imps

IMPS

Immediate Payment Service

rtgs

RTGS

Real-Time Gross Settlement

IFSC codes in India are used for these three primary services. IFSC also helps in the Unified Payments Interface or UPI payment system as well.

An example of an IFSC Code will be SBIN0000AABB. Where the first four denote the bank, in this instance, SBI, and the last would be the branch.

What are the major differences between a IFSC code and MICR code?
IFSC CodeMICR Code
The purpose of IFSC code is to help facilitate electronic transfer of fundsMICR code's purpose is to process cheques faster through ECR
IFSC codes has 11 alpha numeric charactersMICR has 9 digit code
The first 4 characters of IFSC is the Bank's codeThe bank is signified by the 4th, 5th and 6th digits of the code

Trending Blogs

Most Frequently Asked Questions?

Let's Explore the Most Frequently Asked Questions on IFSC & MICR

Indian Financial System Code is the expanded form of the IFSC code.

We can identify the Bank from the first 4 characters of the IFSC code.

An IFSC code contains alphanumeric characters.

An IFSC code contains alphanumeric characters.

The major parts of the IFSC code are the bank code and branch code.

A SWIFT code is used for transferring funds on an International level.

The major electronic payment systems in India are NEFT, RTGS, IMPS, and UPI.

The Reserve Bank of India provides a unique 11-digit IFSC code to the banks.

There is no minimum amount you can transfer under NEFT under retail banking and corporate banking

The maximum amount you can transfer under NEFT under retail banking is INR 5 Lakhs and in corporate banking it is INR 50 lakhs for Vyapaar/trade and INR 500 crores under Vistaar.

INR 2 lakhs is the amount you can transfer under RTGS under retail banking.

The maximum amount you can transfer under RTGS under retail banking is INR 5 Lakhs and in corporate banking it is INR 50 lakhs for Vyapaar/trade and INR 500 crores under Vistaar.

In a vast country like India, there are numerous cities and towns with the same name, some of them even in the same district. Thus to correctly identify the right or the proper branch, IFSC codes can help out easily by dedicating a specific code for each branch.

Indian Festivals

 EXPERIENCE OUR APP NOW

playStoreImage

playStoreImage

+91 9164247247 (9:30 AM - 7:30 PM)
e-mail : enquiry@homes247.in

Stay Connected

Copyright © 2017 VSNAP Technology Solutions Pvt Ltd | All Rights Reserved.

homiAiChatButton

Hi, I’m Homie 👋
Click to Post Your Property easily with AI