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 Laxmi Sahakari Bank Niyamit, Guledgudd Head Office Bagalkote Branch IFSC/MICR Code Details
Bank Name IDBI BANK
Address LAXMI SAHAKARI BANK NIYAMIT HEAD OFFICE,GULEDGUDD,BAGALKOT KARNATAKA-587203
State KARNATAKA
District BAGALKOTE
Branch LAXMI SAHAKARI BANK NIYAMIT, GULEDGUDD HEAD OFFICE
IFSC Code IBKL01071LS
Branch Code 1071LS (Last six characters of IFSC code represent Branch code.)
MICR Code NA
Contact Phone 750310
via https://bankingzone.in/ifsc

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