S S L S A Kurundwad Urban Bank
S S L S A Kurundwad Urban Bank IMPS BRANCH
+912322244228
Understanding IFSC Code: The Digital DNA of S S L S A Kurundwad Urban Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the S S L S A Kurundwad Urban Bank IMPS
branch of S S L S A Kurundwad Urban Bank, the code IBKL0116SBK 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 IBKL0116SBK 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 S S L S A Kurundwad Urban Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for S S L S A Kurundwad Urban Bank IMPS
Payment Systems Supported by IBKL0116SBK
| 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 S S L S A Kurundwad Urban Bank in KURUNDWAD typically follows the RBI holiday calendar. Digital transfers via IBKL0116SBK 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 IBKL0116SBK is the valid code for S S L S A Kurundwad Urban Bank IMPS at KURUNDWAD, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Financial Tools
- • GST Calculator Online
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Branch Context
- • S S L S A Kurundwad Urban Bank IMPS Contact
- • Address of S S L S A Kurundwad Urban Bank
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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