IDBI, VYAPARIK AUDHYOGIK SAHKARI BANK INDORE, INDORE Branch IFSC Code

The IFSC code IBKL0529AB2 is assigned to IDBI, VYAPARIK AUDHYOGIK SAHKARI BANK INDORE located in INDORE, MADHYA PRADESH. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

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Bank Details

Bank Name IDBI
IFSC Code IBKL0529AB2
Branch Code 529AB2
Branch VYAPARIK AUDHYOGIK SAHKARI BANK INDORE
City INDORE
District INDORE
State MADHYA PRADESH
Address 2 4 MALHAR GANJ INDORE Maps
Contact +917312610066

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

IBKL Bank Code
0 Reserved (0)
529AB2 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code IBKL0529AB2 is the Indian Financial System Code assigned to IDBI, VYAPARIK AUDHYOGIK SAHKARI BANK INDORE branch in INDORE, MADHYA PRADESH. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in INDORE, INDORE, MADHYA PRADESH. The full address is: 2 4 MALHAR GANJ INDORE

The branch code is 529AB2. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of IDBI.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: IBKL0529AB2
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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