IFSC code for Industrial Bank of Korea, New delhi branch, New delhi, Delhi
Updated on: Friday, November 1, 2024
IFSC CODE
IBKO00000SC
Industrial Bank of Korea
New Delhi Branch, New Delhi, Delhi
Address
Office No 403 4th Floor Worldmark2 Asset 8 Hospitality District Aerocity New Delhi 110037
Industrial Bank of Korea
New Delhi Branch, New Delhi, Delhi
Address
Office No 403 4th Floor Worldmark2 Asset 8 Hospitality District Aerocity New Delhi 110037
Bank Details
IFSC Code
IBKO00000SC
MICR Code
NA
Bank Code
(Based on IFSC)
IBKO
Bank Code
(Based on MICR)
NA
Contact
+911140768000
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IFSC Code of Industrial Bank of Korea
Every Industrial Bank of Korea branch in India has a unique Industrial Bank of Korea IFSC Code. Industrial Bank of Korea IFSC Code enables Industrial Bank of Korea account holders to send and receive money electronically. Industrial Bank of Korea IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Industrial Bank of Korea IFSC Code IBKO00000SC
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., IBKO, denotes the name of the bank which is Industrial Bank of Korea.
The fifth character is 0.
The last six digits of the code, i.e., 0000SC, represents the branch which is Industrial Bank of Korea
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MICR Code of Industrial Bank of Korea
Every Industrial Bank of Korea branch in India has a unique Industrial Bank of Korea MICR Code. MICR code for Industrial Bank of Korea can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Industrial Bank of Korea. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
