IDBI
KOTTARAKARA BRANCH
+917012403538
Understanding IFSC Code: The Digital DNA of IDBI
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the KOTTARAKARA
branch of IDBI, the code IBKL0002361 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the IBKL0002361 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"IBKL" represents IDBI
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for KOTTARAKARA
Payment Systems Supported by IBKL0002361
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—691259005—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The IDBI in KOTTARAKARA typically follows the RBI holiday calendar. Digital transfers via IBKL0002361 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While IBKL0002361 is the valid code for KOTTARAKARA at KOTTARAKARA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • IDBI Branch List
- • KOTTARAKARA IFSC Codes
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Financial Tools
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Branch Context
- • KOTTARAKARA Contact
- • Address of IDBI
- • MICR Code Finder
- • KERALA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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