IBKLBranch Code: 1241MB

IDBI IFSC Code

Merchants Souharda Sahakara Bank Niyamitha IMPS Branch, CHITRADURGA, CHITRADURGA, Maharashtra

Primary IFSC Code

IBKL01241MB

Banking information from our maintained dataset. Last Verified: 23 Sept 2026

The official Indian Financial System Code (IFSC) for IDBI, Merchants Souharda Sahakara Bank Niyamitha IMPS branch in CHITRADURGA, Maharashtra is IBKL01241MB. The MICR code for cheque clearance is 577810502.

Branch Fact Sheet & Electronic Routing Details

Bank Name: IDBI
Branch Name: Merchants Souharda Sahakara Bank Niyamitha IMPS
MICR Code: 577810502
City / District: CHITRADURGA (CHITRADURGA)
State: Maharashtra
Postal Pincode: 577501

Full Branch Address

NO 1ST FLOOR SANTHEPET NEAR GANDHI CIRCLE CHITRADURGA 577501, Pincode: 577501

Contact Details

Phone: +918277065263

How to Read IFSC Code: IBKL01241MB

An Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India to identify bank branches for electronic payment systems.

IBKLBank Identifier

First 4 alphabetic characters identify IDBI.

0Control Character

5th character is always numeral '0', reserved for future use.

1241MBBranch Code

Last 6 alphanumeric characters identify the specific physical branch.

Payment Systems Supported by this IFSC Code

Payment System	Settlement Time	Minimum Amount	Availability	Ideal For
NEFT (National Electronic Funds Transfer)	Half-hourly batches	₹1 (No minimum)	24x7x365	Routine bills, small & medium transactions
RTGS (Real Time Gross Settlement)	Real-time instant	₹2,00,000	24x7x365	High-value urgent financial transfers
IMPS (Immediate Payment Service)	Immediate	₹1 (Max ₹5 Lakh)	24x7x365	Instant mobile banking & emergency transfers

Both NEFT and RTGS operate around the clock in India. Always double check the 11-digit IFSC code and recipient account number before submitting your transfer.

Frequently Asked Questions: IDBI (IBKL01241MB)

What is the IFSC Code for IDBI Merchants Souharda Sahakara Bank Niyamitha IMPS branch?

The IFSC Code for IDBI Merchants Souharda Sahakara Bank Niyamitha IMPS branch in CHITRADURGA, Maharashtra is IBKL01241MB. It is used for NEFT, RTGS, and IMPS funds transfer.

What is the address of IDBI Merchants Souharda Sahakara Bank Niyamitha IMPS branch?

The branch is located at: NO 1ST FLOOR SANTHEPET NEAR GANDHI CIRCLE CHITRADURGA 577501, Pincode: 577501, CHITRADURGA, Maharashtra.

What is the MICR Code for IDBI Merchants Souharda Sahakara Bank Niyamitha IMPS?

The MICR Code for electronic cheque clearing at IDBI Merchants Souharda Sahakara Bank Niyamitha IMPS is 577810502.

How can I contact IDBI Merchants Souharda Sahakara Bank Niyamitha IMPS branch?

You can contact the branch at: Phone: +918277065263. For official national customer care, refer to IDBI's official banking channels.

How to decipher the IFSC code IBKL01241MB?

The first 4 characters 'IBKL' represent IDBI. The 5th character is '0' reserved for future use. The last 6 characters '1241MB' represent the specific Merchants Souharda Sahakara Bank Niyamitha IMPS branch code.