IDBI BANK IFSC Code – THE MERCHANTS SOUHARDA SAHAKARA BANK NI, CHITRADURGA
Complete bank details including IFSC code, MICR code, address and payment facilities for THE MERCHANTS SOUHARDA SAHAKARA BANK NI branch.
Bank Details
| Bank Name | IDBI BANK |
| Branch Name | THE MERCHANTS SOUHARDA SAHAKARA BANK NI |
| IFSC Code | IBKL01241MB |
| MICR Code | 577810502 |
| Address | NO 1ST FLOOR SANTHEPET NEAR GANDHI CIRCLE, CHITRADURGA - 577501 |
| City | CHITRADURGA |
| State | KARNATAKA |
| Contact | 0 |
Payment Facilities
About IFSC Code IBKL01241MB
The IFSC code IBKL01241MB uniquely identifies the THE MERCHANTS SOUHARDA SAHAKARA BANK NI branch of IDBI BANK located in CHITRADURGA, KARNATAKA. This 11-character alphanumeric code is essential for all electronic fund transfers in India including NEFT, RTGS, IMPS, and UPI transactions.
Understanding IFSC Code IBKL01241MB
- First 4 characters (IBKL) – Represents IDBI BANK bank code assigned by RBI
- 5th character (0) – Reserved for future use (always 0)
- Last 6 characters (1241MB) – Unique branch identifier for THE MERCHANTS SOUHARDA SAHAKARA BANK NI
How to Use IFSC Code IBKL01241MB
To transfer money to any account at IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI branch, you will need to provide the IFSC code IBKL01241MB along with the beneficiary's account number. This code ensures your money reaches the correct branch securely.
Transfer Methods Available at THE MERCHANTS SOUHARDA SAHAKARA BANK NI
- NEFT (National Electronic Funds Transfer) – Settled in batches, available 24x7 on all days
- RTGS (Real Time Gross Settlement) – For high-value transactions (₹2 lakh and above), real-time transfer
- IMPS (Immediate Payment Service) – Instant transfer up to ₹5 lakh, available 24x7
- UPI (Unified Payments Interface) – Instant mobile payments using VPA/UPI ID
About IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI Branch
IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI is a branch of IDBI BANK located in CHITRADURGA, KARNATAKA. The branch provides comprehensive banking services to customers in CHITRADURGA and surrounding areas.
Branch Address
NO 1ST FLOOR SANTHEPET NEAR GANDHI CIRCLE, CHITRADURGA - 577501, CHITRADURGA, KARNATAKA
Services Available
This branch offers various banking services including savings accounts, current accounts, fixed deposits, recurring deposits, loans, locker facilities, and digital banking services. Customers can also avail services like demand drafts, pay orders, and foreign exchange (subject to branch authorization).
MICR Code Information
The MICR (Magnetic Ink Character Recognition) code for this branch is 577810502. MICR code is a 9-digit code used for cheque clearing and identifies the bank, branch, and city. It is printed on cheques using magnetic ink for machine reading.
Important Information
Transfer Timings
- NEFT: 24x7, 365 days (Settled in half-hourly batches)
- RTGS: 24x7, 365 days (Real-time for ₹2L+)
- IMPS: 24x7, 365 days (Instant)
- UPI: 24x7, 365 days (Instant)
Verification Tips
- Always verify IFSC code before transferring money
- Cross-check with bank passbook or cheque book
- IFSC codes may change after bank mergers
- Contact branch for latest information
Frequently Asked Questions
What is the IFSC code of IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI?
The IFSC code of IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI branch in CHITRADURGA is IBKL01241MB.
What is the MICR code of IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI?
The MICR code of IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI branch is 577810502.
What is the address of IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI?
IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI branch is located at NO 1ST FLOOR SANTHEPET NEAR GANDHI CIRCLE, CHITRADURGA - 577501.
Does IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI support NEFT/RTGS/IMPS?
IDBI BANK THE MERCHANTS SOUHARDA SAHAKARA BANK NI branch supports NEFT, RTGS, IMPS, and UPI transactions.