IDBI
LOKNETE DATTAJI PATIL SAHKARI BANK LTD BRANCH
+912550266104
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 LOKNETE DATTAJI PATIL SAHKARI BANK LTD
branch of IDBI, the code IBKL01992L1 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 IBKL01992L1 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 LOKNETE DATTAJI PATIL SAHKARI BANK LTD
Payment Systems Supported by IBKL01992L1
| 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—422150807—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 LASALGAON typically follows the RBI holiday calendar. Digital transfers via IBKL01992L1 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 IBKL01992L1 is the valid code for LOKNETE DATTAJI PATIL SAHKARI BANK LTD at LASALGAON, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Branch Context
- • LOKNETE DATTAJI PATIL SAHKARI BANK LTD Contact
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Platform Links
- • Anand Design DevBox
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