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IBKL0001506 IFSC Code for IDBI Bank Ltd Pala branch located at Kerala state, Kottayam district, Palai, and branch Address is dzdsicd686575, Branch Contact numbers 9847261177 Branch code is 001506 last six characters of the IFSC Code.
Bank Information

IDBI Bank Ltd
Phone: 1800-22-1070/ 1800-200-1947
email: [email protected]
Web: www.idbi.com

» View All Banks List in Palai
Branch Information Last updated May 26, 2014
IFSC: IBKL0001506
MICR: 686259302
Branch Code: 001506
City: PALAI
District: KOTTAYAM
State: KERALA
Address: DZDSICD686575
Contact: 9847261177
Map Location of Palai, Kottayam, Kerala
Pala
Pala
Pala
What is IFSC Code IBKL0001506?
IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system.
This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch.
The 5th character is 0 (zero).
IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.

IFSC is 11 alpha numeric characters code assigned by Reserve Bank of India to bank branches for facilitating online money / fund transfer using NEFT, RTGS or ECS between two bank accounts.

  • The code consists of 11 Characters : (IBKL0001506) 11 alpha numeric characters code assigned by Reserve Bank of India to IDBI Bank Ltd Pala Branch
  • First 4 characters represent the entity (IBKL0001506)
  • Fifth position has been defaulted with a '0' (Zero) for future use (ICIC0001506)
  • Last 6 character denotes the branch identity (ICIC0001506)

What is MICR Code 686259302?
Magnetic ink character recognition (MICR) is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques.
MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. A special machine is used to read these characters, which can be easily read by humans too. The characters are usually printed on the bottom strip of cheque leaf.
This MICR code is used By RBI (Reserve bank Of India) clearing process to identify the branch and bank for clearing processes.
MICR 686259302 is 9 digits code printed on cheques to facilitate and expedite clearance of cheques in banking system.

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