IDBI
ALWAYE URBAN CO OPERATIVE BANK LTD CHENGAMANADU BRANCH
+914842474001
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 ALWAYE URBAN CO OPERATIVE BANK LTD CHENGAMANADU
branch of IDBI, the code IBKL01058A3 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 IBKL01058A3 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 ALWAYE URBAN CO OPERATIVE BANK LTD CHENGAMANADU
Payment Systems Supported by IBKL01058A3
| 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—682466004—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 ALUVA typically follows the RBI holiday calendar. Digital transfers via IBKL01058A3 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 IBKL01058A3 is the valid code for ALWAYE URBAN CO OPERATIVE BANK LTD CHENGAMANADU at ALUVA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Branch Context
- • ALWAYE URBAN CO OPERATIVE BANK LTD CHENGAMANADU Contact
- • Address of IDBI
- • MICR Code Finder
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Platform Links
- • Anand Design DevBox
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