IDBI Bank CHANDIGARH IFSC Code, MICR Code - Chandigarh, Chhattisgarh

IDBI Bank CHANDIGARH Branch IFSC Code, MICR Code (Chandigarh, Chhattisgarh). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code of IDBI Bank CHANDIGARH - Chandigarh, Chhattisgarh

IFSC Code:IBKL0000272
MICR Code:160259009
Branch Code:000272 (Last six characters of IFSC Code represent Branch code)
Address:SCO 119-120 SECTOR 43 B CHANDIGARH CHANDIGARH 160022 
Branch:CHANDIGARH
City:CHANDIGARH
District:Chandigarh
State:Chhattisgarh
Contact No.:

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IDBI Bank IFSC Code is IBKL0000272, MICR Code is 160259009, Branch Code is 000272 which is last six characters of IFSC Code, Branch name is CHANDIGARH located in SCO 119-120 SECTOR 43 B CHANDIGARH CHANDIGARH 160022 , CHANDIGARH, Chandigarh, Chhattisgarh, Contact no. is (No. not provided). IFSC code is used for NEFT, IMPS and RTGS Transactions.

What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.