What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Idbi Bank Farooqnagar Mahbubnagar Branch IFSC/MICR Code Details
Bank Name IDBI BANK
Address GANDHINAGAR COLONY,FAROOK NAGAR,SHADHNAGAR,MAHABOOBNAGAR DIST 509216
State ANDHRA PRADESH
District MAHBUBNAGAR
Branch FAROOQNAGAR
IFSC Code IBKL0001345
Branch Code 001345 (Last six characters of IFSC code represent Branch code.)
MICR Code NA
Contact Phone 0
via https://bankingzone.in/ifsc

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