Kagal Co-operative Bank Kagal
Kagal Co-operative Bank Kagal IMPS BRANCH
+912325243412
Understanding IFSC Code: The Digital DNA of Kagal Co-operative Bank Kagal
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the Kagal Co-operative Bank Kagal IMPS
branch of Kagal Co-operative Bank Kagal, the code IBKL0116KCB 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 IBKL0116KCB 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 Kagal Co-operative Bank Kagal
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for Kagal Co-operative Bank Kagal IMPS
Payment Systems Supported by IBKL0116KCB
| 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—416877000—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 Kagal Co-operative Bank Kagal in KAGAL typically follows the RBI holiday calendar. Digital transfers via IBKL0116KCB 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 IBKL0116KCB is the valid code for Kagal Co-operative Bank Kagal IMPS at KAGAL, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Financial Tools
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Branch Context
- • Kagal Co-operative Bank Kagal IMPS Contact
- • Address of Kagal Co-operative Bank Kagal
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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