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Rajarambapu Sahakari Bank Peth

Rajarambapu Sahakari Bank Peth IMPS BRANCH

IFSC CODE
IBKL0116RBS
MICR Code
Branch Code 116RBS
City / District NA
State MAHARASHTRA
Office Address NA
Phone Not Available
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Understanding IFSC Code: The Digital DNA of Rajarambapu Sahakari Bank Peth

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the Rajarambapu Sahakari Bank Peth IMPS branch of Rajarambapu Sahakari Bank Peth, the code IBKL0116RBS 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 IBKL0116RBS Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"IBKL" represents Rajarambapu Sahakari Bank Peth

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for Rajarambapu Sahakari Bank Peth IMPS

Payment Systems Supported by IBKL0116RBS

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——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 Rajarambapu Sahakari Bank Peth in NA typically follows the RBI holiday calendar. Digital transfers via IBKL0116RBS 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 IBKL0116RBS is the valid code for Rajarambapu Sahakari Bank Peth IMPS at NA, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Branch Context

  • • Rajarambapu Sahakari Bank Peth IMPS Contact
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Platform Links

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