IDBI
THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA BRANCH
+912592228362
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 THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA
branch of IDBI, the code IBKL0157001 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 IBKL0157001 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 THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA
Payment Systems Supported by IBKL0157001
| 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—422259257—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 DEOLA typically follows the RBI holiday calendar. Digital transfers via IBKL0157001 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 IBKL0157001 is the valid code for THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA at DEOLA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Branch Context
- • THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA Contact
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- • MICR Code Finder
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Platform Links
- • Anand Design DevBox
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- • IFSC Finder v2.0
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