IFSC code for Kodoli Urban Co-operative Bank Kodoli, Kodoli urban co-operative bank kodoli imps, Kolhapur, Maharashtra
Updated on: Sunday, December 1, 2024
IFSC CODE
IBKL0116KUC
Kodoli Urban Co-operative Bank Kodoli
Kodoli Urban Co-operative Bank Kodoli Imps, Mumbai, Maharashtra
Address
Assembly Rd,main Road Kodoli,kolhapur
Kodoli Urban Co-operative Bank Kodoli
Kodoli Urban Co-operative Bank Kodoli Imps, Mumbai, Maharashtra
Address
Assembly Rd,main Road Kodoli,kolhapur
Bank Details
IFSC Code
IBKL0116KUC
MICR Code
416259269
Bank Code
(Based on IFSC)
KULX
Bank Code
(Based on MICR)
259
Contact
+912323224046
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IFSC Code of Kodoli Urban Co-operative Bank Kodoli
Every Kodoli Urban Co-operative Bank Kodoli branch in India has a unique Kodoli Urban Co-operative Bank Kodoli IFSC Code. Kodoli Urban Co-operative Bank Kodoli IFSC Code enables Kodoli Urban Co-operative Bank Kodoli account holders to send and receive money electronically. Kodoli Urban Co-operative Bank Kodoli 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 Kodoli Urban Co-operative Bank Kodoli IFSC Code IBKL0116KUC
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., IBKL, denotes the name of the bank which is Kodoli Urban Co-operative Bank Kodoli.
The fifth character is 0.
The last six digits of the code, i.e., 116KUC, represents the branch which is Kodoli Urban Co-operative Bank Kodoli
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MICR Code of Kodoli Urban Co-operative Bank Kodoli
Every Kodoli Urban Co-operative Bank Kodoli branch in India has a unique Kodoli Urban Co-operative Bank Kodoli MICR Code. MICR code for Kodoli Urban Co-operative Bank Kodoli 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 Kodoli Urban Co-operative Bank Kodoli. 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.
