Home / IDBI / LOKNETE DATTAJI PATIL SAHKARI BANK LTD
ID

IDBI

LOKNETE DATTAJI PATIL SAHKARI BANK LTD BRANCH

+912550266104

IFSC CODE
IBKL01992L1
MICR Code 422150807
Branch Code 1992L1
City / District LASALGAON
State MAHARASHTRA
Office Address YASHASHRI BUILDING,STATION ROA,LASALGAON,DIST NASHIKPIN 422306
Phone +912550266104
📍 View Branch on Google Maps

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:

First 4

Bank Identity

"IBKL" represents IDBI

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

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.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

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Financial Tools

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Branch Context

  • • LOKNETE DATTAJI PATIL SAHKARI BANK LTD Contact
  • • Address of IDBI
  • • MICR Code Finder
  • • MAHARASHTRA Banking Circle

Platform Links

  • • Anand Design DevBox
  • • SEO Performance Hub
  • • Webmaster Tools
  • • IFSC Finder v2.0

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