IDBI BANASWADI Branch IFSC Code

IBKL 0001620
IDBI Logo IDBI
BANASWADI — BANGALORE URBAN, KARNATAKA
MICR: 560259029 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
IDBI
Branch
BANASWADI
IFSC Code
IBKL0001620
MICR Code
560259029
Address
NO 14 , 7TH MAIN, 80 FEET ROAD, S B PALYA EXTN , BANASWADI
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City
BANGALORE URBAN
District
BANGALORE
State
KARNATAKA
Contact
+919686482147

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IBKL0001620 to send money via NEFT to this branch. NEFT transfers are processed in hourly batches during working hours. No minimum amount required.

RTGS Transfer

This branch supports RTGS for high-value instant transfers above ₹2 lakhs. Use the same IFSC code IBKL0001620.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IBKL0001620.

IFSC Code Structure

I
B
K
L
0
0
0
1
6
2
0
  • IBKL — Bank code (IDBI)
  • 0 — Reserved (always 0)
  • 001620 — Branch code (BANASWADI)

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Frequently Asked Questions

Is IBKL0001620 valid for online transfer?
Yes, IBKL0001620 is a valid IFSC code for IDBI BANASWADI branch in BANGALORE URBAN, KARNATAKA. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IBKL0001620 belong to?
IBKL0001620 belongs to IDBI. The first 4 characters "IBKL" identify the bank.
What is the MICR code for this branch?
The MICR code for IDBI BANASWADI is 560259029. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IBKL0001620?
Yes, this branch supports RTGS (Real Time Gross Settlement). RTGS is used for high-value instant transfers above ₹2 lakhs. Available on working days during RBI specified hours.