IFSC code for Payyoli Co-operative Urban Bank, Payyoli co-operative urban bank imps, Payyoli, Maharashtra
Updated on: Tuesday, October 1, 2024
IFSC CODE
IBKL0114PCB
Payyoli Co-operative Urban Bank
Payyoli Co-operative Urban Bank Imps, Mumbai, Maharashtra
Address
No F 1354 P B No 1,p O Payyoli,kozhikode,kerala,673522
Payyoli Co-operative Urban Bank
Payyoli Co-operative Urban Bank Imps, Mumbai, Maharashtra
Address
No F 1354 P B No 1,p O Payyoli,kozhikode,kerala,673522
Bank Details
IFSC Code
IBKL0114PCB
MICR Code
673851801
Bank Code
(Based on IFSC)
PYCX
Bank Code
(Based on MICR)
851
Contact
+914962602028
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IFSC Code of Payyoli Co-operative Urban Bank
Every Payyoli Co-operative Urban Bank branch in India has a unique Payyoli Co-operative Urban Bank IFSC Code. Payyoli Co-operative Urban Bank IFSC Code enables Payyoli Co-operative Urban Bank account holders to send and receive money electronically. Payyoli Co-operative Urban Bank 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 Payyoli Co-operative Urban Bank IFSC Code IBKL0114PCB
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 Payyoli Co-operative Urban Bank.
The fifth character is 0.
The last six digits of the code, i.e., 114PCB, represents the branch which is Payyoli Co-operative Urban Bank
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MICR Code of Payyoli Co-operative Urban Bank
Every Payyoli Co-operative Urban Bank branch in India has a unique Payyoli Co-operative Urban Bank MICR Code. MICR code for Payyoli Co-operative Urban Bank 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 Payyoli Co-operative Urban Bank. 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.
