IFSC Code IBKL0089SMC - Idbi Bank The Swasakthi Mercantile Co Operative Urban Bank Ltd

Idbi Bank The Swasakthi Mercantile Co Operative Urban Bank Ltd Branch IFSC Code IBKL0089SMC — Complete Banking Guide for Vijayawada, Andhra Pradesh

IFSC code IBKL0089SMC belongs to the The Swasakthi Mercantile Co Operative Urban Bank Ltd branch of Idbi Bank in Vijayawada, Krishna district, Andhra Pradesh. This 11-character code, assigned by the Reserve Bank of India, is mandatory for all digital fund transfers — NEFT, RTGS, IMPS, and UPI. Every payment initiated to an account at this branch must include IFSC IBKL0089SMC to ensure accurate routing through India's centralised payment infrastructure. Providing an incorrect IFSC may delay or fail the transaction, so always verify the code before confirming any transfer.

About Idbi Bank, The Swasakthi Mercantile Co Operative Urban Bank Ltd Branch

The The Swasakthi Mercantile Co Operative Urban Bank Ltd branch of Idbi Bank in Vijayawada, Andhra Pradesh serves retail and corporate customers in Krishna district with a full range of banking products. Services typically include savings and current accounts, fixed and recurring deposits, personal and home loans, vehicle finance, trade finance, locker facilities, and wealth management. The branch also supports digital banking — internet banking, mobile banking, UPI, and contactless debit/credit card issuance. Its IFSC IBKL0089SMC is the key identifier for all fund transfers routed to accounts at this location through RBI's payment systems.

Payment Methods Using IFSC IBKL0089SMC

Four primary digital payment rails use IFSC IBKL0089SMC for transfers to Idbi Bank, The Swasakthi Mercantile Co Operative Urban Bank Ltd: NEFT — batch-based, 48 half-hourly settlements daily, no minimum amount, ideal for regular transfers; RTGS — real-time, 24×7, minimum ₹2 lakh, used for high-value transactions; IMPS — instant, 24×7, up to ₹5 lakh, best for urgent transfers; UPI — uses Virtual Payment Address (VPA) linked to accounts at this branch, instant and zero-cost for most transactions. For each method, the sender's bank verifies IFSC IBKL0089SMC against the RBI IFSC master list before processing the payment.

MICR Code and Branch Details

In addition to the IFSC, the The Swasakthi Mercantile Co Operative Urban Bank Ltd branch of Idbi Bank in Vijayawada carries a MICR (Magnetic Ink Character Recognition) code — a 9-digit number printed on cheques that identifies the bank, city, and branch for cheque clearing through the MICR-based clearing system. While NEFT/RTGS/IMPS use the IFSC IBKL0089SMC exclusively for electronic transfers, MICR remains relevant for paper-based cheque processing. Both codes are listed on this page for complete branch reference.

How to Verify IFSC IBKL0089SMC Before Transferring

Before initiating any high-value transfer to IFSC IBKL0089SMC, verify the code through: (1) the RBI's official IFSC repository at rbi.org.in; (2) Idbi Bank's official website branch locator; (3) MahaFind's IFSC lookup — the page you are currently viewing. Cross-reference the branch address and bank name displayed here against the details provided by your recipient to confirm accuracy. A mismatch in even one character of the IFSC can reroute your transfer to a different branch entirely.