IDBI — SHREE GAVISIDDHESHWAR URBAN CO OP BANK LTD KOPPAL Branch

About IDBI SHREE GAVISIDDHESHWAR URBAN CO OP BANK LTD KOPPAL Branch — IFSC Code IBKL01196SG

Let me give you the actual useful details here, not just the code. IDBI's SHREE GAVISIDDHESHWAR URBAN CO OP BANK LTD KOPPAL branch is in OA, KOPPAL district, KARNATAKA. The IFSC code is IBKL01196SG — verified against RBI records. You'll need this exact code any time you want to receive a bank transfer to an account held at this branch.

Quick breakdown of what this IFSC code tells you: IBKL = IDBI (that's how every IDBI branch code starts), the 0 in the middle is RBI's reserved placeholder (it's always zero, no exceptions), and 1196SG = the unique identifier for this specific SHREE GAVISIDDHESHWAR URBAN CO OP BANK LTD KOPPAL branch. Every branch in India has its own tail code.

MICR Code for IDBI SHREE GAVISIDDHESHWAR URBAN CO OP BANK LTD KOPPAL

The MICR code here is 583259251. This is a 9-digit code — entirely separate from the IFSC — used for cheque processing. If you're filling out a form that asks for both IFSC and MICR, those are two different fields requiring two different codes.

How to read MICR code 583259251: digits 1–3 (583) = city code, digits 4–6 (259) = bank code, digits 7–9 (251) = branch code. Cheque-clearing machines at banks use magnetic ink technology to read this — it's been the standard since the 1980s and is still actively used.

How to Use IFSC Code IBKL01196SG for Money Transfers

There are three main ways to send money using this IFSC code — NEFT, RTGS, and IMPS. They're not interchangeable, and picking the wrong one can mean delays or unnecessary fees.

NEFT Transfer (Best for most routine transfers)

NEFT (National Electronic Funds Transfer) works in 30-minute settlement batches, runs 24×7 including holidays, and there's no minimum or maximum transfer limit. Banks cannot charge fees for NEFT transfers — RBI eliminated those fees in January 2020. I use NEFT for practically everything: paying suppliers, rent, EMI mandates. Enter IFSC IBKL01196SG as the branch code when setting up a beneficiary.

RTGS Transfer (For ₹2 lakh and above)

RTGS (Real Time Gross Settlement) is the one where funds actually move in real-time — not batched. Minimum amount is ₹2,00,000 and there's no upper cap. Banks typically charge ₹20–₹50. If you're doing a property transaction, business payment, or any large transfer, RTGS with IFSC IBKL01196SG is the right choice. Settlement is essentially immediate.

IMPS Transfer (For urgent transfers of any size, 24×7)

IMPS (Immediate Payment Service) is instant, works on bank holidays and at 2am, and the limit is ₹5 lakh per transaction. Small charges apply (usually ₹5–₹25). Honestly if something is genuinely urgent, IMPS with IFSC IBKL01196SG is the fastest route. Money reaches the recipient's account in under a minute in most cases.

Services Available at IDBI SHREE GAVISIDDHESHWAR URBAN CO OP BANK LTD KOPPAL

Most IDBI branches offer the full stack of banking services: savings and current accounts, fixed deposits, recurring deposits, lockers, home loans, personal loans, education loans, vehicle loans, credit cards, debit cards, and forex services. Internet banking and mobile banking enrollment are available at any branch.

Branch hours are typically Monday to Saturday, 10 AM to 4 PM, with Sundays and bank holidays closed. The 2nd and 4th Saturday of each month are also usually holidays. That said — call ahead before visiting for anything time-sensitive, because individual branches sometimes have different hours.

IDBI Branches in OA, KARNATAKA

The SHREE GAVISIDDHESHWAR URBAN CO OP BANK LTD KOPPAL branch is one of IDBI's locations serving OA and KOPPAL district in KARNATAKA. Use the search on this site to find other IDBI branches in OA or nearby areas — enter 'IDBI OA' in the search bar to see a full list with IFSC codes and addresses.

Questions About IFSC Code IBKL01196SG

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