IFSC Code of IDBI Bank, Lic Employees Co Operative Bank Limited Machilipatnam Branch, Andhra Pradesh

Use this page as a one-stop reference for everything related to IDBI Bank's LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM branch in MACHILIPATNAM, ANDHRA PRADESH. The branch's IFSC code IBKL0871LEC is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, IBKL0871LEC is the IFSC of IDBI Bank's LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM branch. The format is fixed: IBKL = bank code, 0 = reserved, 871LEC = branch identifier.

Bank profile

IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Lic Employees Co Operative Bank Limited Machilipatnam branch — IFSC IBKL0871LEC — extends the bank's services to customers in and around Machilipatnam, Andhra Pradesh.

Lic Employees Co Operative Bank Limited Machilipatnam branch overview

Located at LIC COMPOUND LIC BUILDING BATCHUPETA MACHILIPATNAM 521001, the Lic Employees Co Operative Bank Limited Machilipatnam branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0871LEC is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how IDBI Bank's LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM branch came to be assigned the code IBKL0871LEC.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC IBKL0871LEC, money simply cannot be routed to the LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM branch electronically.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by IDBI Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IBKL0871LEC and the account number together uniquely identify the Lic Employees Co Operative Bank Limited Machilipatnam branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC IBKL0871LEC

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC IBKL0871LEC across all three.

NEFT to IDBI Bank, LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM using IFSC IBKL0871LEC

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC IBKL0871LEC, and confirm that the system picks up IDBI Bank – LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC IBKL0871LEC

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to IDBI Bank – LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM, ensure your bank's portal accepts IFSC IBKL0871LEC while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to IDBI Bank – LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM, use IMPS. With IFSC IBKL0871LEC and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Lic Employees Co Operative Bank Limited Machilipatnam

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IBKL0871LEC:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM is still linked to IFSC IBKL0871LEC.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at IDBI Bank's LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM branch, the IFSC IBKL0871LEC is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Products and account variants supported

Every account opened at the Lic Employees Co Operative Bank Limited Machilipatnam branch is mapped to IFSC IBKL0871LEC on the RBI payments network. The branch generally supports the full retail product catalogue of IDBI Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains IBKL0871LEC.

Products and services

Customers walking into the Lic Employees Co Operative Bank Limited Machilipatnam branch can access most of IDBI Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC IBKL0871LEC

Digital banking channels

Most day-to-day work that customers used to do at the Lic Employees Co Operative Bank Limited Machilipatnam branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC IBKL0871LEC is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

How to reach the Lic Employees Co Operative Bank Limited Machilipatnam branch

The branch is located at LIC COMPOUND LIC BUILDING BATCHUPETA MACHILIPATNAM 521001, which puts it inside Machilipatnam, the broader Krishna district, and the state of Andhra Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “IDBI Bank Lic Employees Co Operative Bank Limited Machilipatnam branch” — the verified location pin for IFSC IBKL0871LEC should appear at the top of the results.
2. Confirm the branch is open by calling 91-8790353655 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC IBKL0871LEC and your account number.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to IDBI Bank – LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM:

• The IFSC is exactly IBKL0871LEC with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills IDBI Bank as the bank name and LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Lic Employees Co Operative Bank Limited Machilipatnam branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0871LEC, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IBKL0871LEC for IDBI Bank – LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL0871LEC is the IFSC code of IDBI Bank, LIC EMPLOYEES CO OPERATIVE BANK LIMITED MACHILIPATNAM branch, in MACHILIPATNAM, ANDHRA PRADESH. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.