IFSCIndex

Bilagi Pattana Sahakari Bank Niyamit Bilagi Pattana Sahakari Bank Niyamit Imps IFSC Code

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Bilagi Pattana Sahakari Bank Niyamit

IBKL01071BP

IFSC · Used for NEFT, IMPS & RTGS

587871501

MICR · Used for Cheque Clearance

Branch

Bilagi Pattana Sahakari Bank Niyamit Imps

Address

Niyamit,near Bus Stand Bagalkote 587116,karnataka

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District

Bilgi

State

Maharashtra

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Frequently Asked Questions

About Bilagi Pattana Sahakari Bank Niyamit Bilagi Pattana Sahakari Bank Niyamit Imps (niyamit Near Bus Stand - 71bp), Bilgi

The IFSC code IBKL01071BP (lowercase: ibkl01071bp) belongs to Bilagi Pattana Sahakari Bank Niyamit, specifically the Bilagi Pattana Sahakari Bank Niyamit Imps (niyamit Near Bus Stand - 71bp) branch located in Bilgi, Maharashtra.

The 5th character in the IFSC code IBKL01071BP is a zero (0), not the letter 'O'. The correct format is IBKL01071BP (lowercase: ibkl01071bp), and not IBKLO1071BP. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.

The IFSC code of Bilagi Pattana Sahakari Bank Niyamit Bilagi Pattana Sahakari Bank Niyamit Imps (niyamit Near Bus Stand - 71bp) in Bilgi, Maharashtra is IBKL01071BP. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.

Bilagi Pattana Sahakari Bank Niyamit Bilagi Pattana Sahakari Bank Niyamit Imps (niyamit Near Bus Stand - 71bp) is located at Niyamit,near Bus Stand Bagalkote 587116,karnataka, Bilgi, Maharashtra. You can click the "View on Google Maps" button on this page to get directions.

The MICR (Magnetic Ink Character Recognition) code of Bilagi Pattana Sahakari Bank Niyamit Bilagi Pattana Sahakari Bank Niyamit Imps (niyamit Near Bus Stand - 71bp) is 587871501. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.

Yes. IFSC code IBKL01071BP is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.

You can verify IFSC code IBKL01071BP by checking: (1) The top-left corner of any Bilagi Pattana Sahakari Bank Niyamit Bilagi Pattana Sahakari Bank Niyamit Imps (niyamit Near Bus Stand - 71bp) cheque leaf, (2) The first page of your Bilagi Pattana Sahakari Bank Niyamit passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.

Understanding IFSC Code: IBKL01071BP

Decoded structure — 4 + 1 + 6 characters

Visual Breakdown

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IBKL
Bank Codechars 1–4
0Reservedchar 5
1071BP
Branch Codechars 6–11

IBKL01071BP

What Each Part Means

Bank Code — IBKL
The first 4 characters uniquely identify Bilagi Pattana Sahakari Bank Niyamit at the national level. Every branch of Bilagi Pattana Sahakari Bank Niyamit across all states shares this same prefix. It is assigned by the RBI and never changes.
Reserved — 0
The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
Branch Code — 1071BP
The final 6 characters 1071BP uniquely identify this specific branch within the Bilagi Pattana Sahakari Bank Niyamit network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
Quick reference for IFSC code IBKL01071BP
SegmentCharsValuePurpose
Bank Code1–4IBKLIdentifies Bilagi Pattana Sahakari Bank Niyamit
Reserved50RBI reserved (always 0)
Branch Code6–111071BPUnique to this branch

Where to Find IFSC & MICR on Your Cheque

Interactive cheque leaf mockup — highlighted fields show live values from this branch

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IFSC vs MICR — Functional Comparison

Two different codes, two different banking systems

FeatureIFSC CodeMICR Code
Full FormIndian Financial System CodeMagnetic Ink Character Recognition
Length & Format11 characters — alphanumeric9 digits — numeric only
This BranchIBKL01071BP587871501
Primary UseElectronic fund transfers: NEFT, RTGS, IMPS, UPIPhysical cheque clearing at clearing houses
MediumDigital / online — no physical document neededPrinted in magnetic ink on cheque leaf bottom band
Processing SpeedReal-time (IMPS/UPI) or 30-min batches (NEFT)T+1 or T+2 clearing cycle via RBI clearing houses
Where to Find ItCheque leaf (top area), passbook first page, net bankingBottom band of cheque leaf (the printed magnetic strip)
Assigned ByRBI — permanent unless branch is relocated/mergedRBI — encodes city (3) + bank (3) + branch (3) digits
Required ForAdding a payee / beneficiary for online transferCheque book issuance and clearing house processing

Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.

Disclaimer: All IFSC code and branch address data is sourced directly from the Reserve Bank of India (RBI) master registry. While we apply formatting to improve readability, IFSC Code World is not responsible for geographical discrepancies or inaccuracies originating from the central database. Please verify critical routing information with your home branch before initiating large transfers.