Select Branch for Idbi in Mumbai, Maharashtra

Choose a branch to view IFSC code and details

Branch
Andheri

IBKL0000039

MARIGOLD HOUSE, PLOT NO A 34,CROSS ROAD NO 2, MAROL, MIDC, ANDHERI E
Branch
Andheri Corporate Banking Branch

IBKL0000386

OPUS CENTREPLOT NO 47 OPP TUNGA PARADISE CENTRAL ROAD MIDC ANDHERI EAST MUMBAI 400 093
Branch
Andheri West

IBKL0000174

1ST FLOOR GOPI CHAMBERS NEW LINK ROAD OPPOSITE CITIMALL ANDHERI WEST MUMBAI 400 053
Branch
Asset Recovery Br Mumbai

IBKL0000672

VENKATESH CHAMBERS, 1ST FLOOR, PRESCOT ROAD,FORT MUMBAI MUMBAI400001
Branch
AzadNagar Branch

IBKL0000619

DEV PRESTIGE BUILDING, AZADNAGAR COOPERATIVE HOUSING SOCIETY,VEERA DESAI ROAD,ANDHERI W-400058
Branch
Bandra

IBKL0000611

UTSAHI BLDG REBELLOW ROAD NEAR MOUNT MARY STEPS GROUND FLOOR BANDRA WEST PINCODE 400050
Branch
BelaPur

IBKL0000183

IDBI BUILDING, PLOT NO 39 40 41, SECTOR 11, CBD BELAPUR, NAVI MUMBAI 400614 , MAHARASHTRA
Branch
Bkc

IBKL0001000

PLOT NO C 7, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI 400051
Branch
Borivali

IBKL0000059

KAUSTUBH PARK NEXT TO BHAGWATI HOSPITALMANDAPESHWAR ROAD BORIVALI W
Branch
Borivali

IBKL0000571

STAR APARTMENT S V ROAD NEW BORIVALI POLICE STATION OPP SBI BORIWALI WEST MUMBAI PINCODE 400092
Branch
Borivali East

IBKL0002016

HEMGIRI CHS LTD GIRIVIHAR NAGAR SANT DHYANEHSWAR RD BORVALI EAST MUMBAI 400066
Branch
Capital Market Operations Cpu

IBKL000ASBA

CAPITAL MARKET SERVICES,BELAPUR CPU,ANNEX BUILDING,PLOT NO 39 40 41,SECTOR 11,CBD BELAPUR
Branch
Central Accounting Cell Head Office

IBKL0000798

IDBI TOWER, 7TH FLOOR, CUFFE PARADE, MUMBAI 400 005
Branch
Chembur

IBKL0000018

SHOP 12 16, SUNNY ESTATE II,SION TROMBAY ROAD, CHEMBUR,
Branch
Cms

IBKL0000998

ELEMACH BLDG, LOT 82 83, ROAD NO 7, STREET NO 15, MIDC, ANDHERI EAST, MUMABI 400093
Branch
Corporate Centre Mumbai

IBKL0000098

IDBI TOWERS WORLD TRADE CENTER COMPLEX CUFFE PARADE, COLABA MUMBAIPIN 400005
Branch
Cpu Andheri East

IBKL00CARDS

ELEMECH BUILDING PLOT 82 83 ROAD 7 STREET 15 MIDC ANDHERI EAST MUMBAI 400093
Branch
Currency Chest Bkc

IBKL0009003

PLOT NO C 7, G BLOCK, OPPOSITE BSE, BKC, BANDRA E , MUMBAI 400051
Branch
Dadar

IBKL0000501

BEDEKAR SADAN, N C KELKAR ROAD,, DADAR WEST , PINCODE 400028
Branch
Dadar Xiv

IBKL0000454

19 A, RAJARAM ESTATE, I FLOOR, NAIGAUM CROSS ROAD,, NEAR DADAR RLY STATION, MUMBAI, PINCODE 400014
Branch
Dahisar

IBKL0000680

SHOP NO A-1, TANVI COMPLEX, TANISHKA BUILDING, NEAR HP PETROL PUMP, OPP THAKUR COLLEGE, S V ROAD, DAHISAR EAST, MUMBAI PIN- 400068,MAHARASHTRA
Branch
Deonar

IBKL0000765

DEONAR BRANCH UNIT NO 1 SAFAL PRIDE SION TROMBAY ROAD DEONAR MUMBAI 400088
Branch
Drd

IBKL0000796

IDBI TOWER WTC COMPLEX CUFFE PARADEMUMBAI 400005
Branch
Etpc

IBKL0009990

MITTAL COURT,C WING,2ND FLOOR,NARIMAN POINT,MUMBAI,MAHARASHTRA PIN 400021
Branch
Fort

IBKL0000452

VENKATESH CHAMBERS PRESCOT ROAD P B NO 714 FORT MUMBAI PINCODE 400001
Branch
Ghatkopar

IBKL0000033

SHOP NO 2 , GR FLOOR , VALLABH VIHARM G ROAD , GHATKOPAR EAST
Branch
Ghodbunder

IBKL0000430

SHOP NOS 2 3 4 and 5 PRIDE PARK OPP LAWKIM COMPANY GHODBUNDER ROAD MANPADA THANEPIN 400 607 MAHARASHTRA
Branch
Girgaon

IBKL0000453

1ST FLOOR HANUMANT BHAVAN JAGANNATH SHANKAR SHETH ROAD THAKURDWAR GIRGAON MUMBAI PINCODE 400002
Branch
Goregaon Mumbai

IBKL0000539

10 JAIPRAKASH NAGAR OPP SONAL APARTMENT ROAD NO 2 GOREGAON EAST MUMBAI PINCODE 400063
Branch
Goregaon W

IBKL0000691

SHOP NO7,RUSTOMJEE OZONE,LAXMI SINGH COMPLEX,NEAR MTNL,GOREGAON W MUMBAI 400062
Branch
Head Office Santacruz

IBKL0100AC1

LP,NE,MMB429
Branch
Idbi Extn Counter

IBKL0000906

IDBI TOWERS, 1ST FLOOR, WORLD TRADE CENTRE CUFFE PARADE, MUMBAI 400005
Branch
Idbi Imps

IBKL0009998

ITD, PLOT NO A 34, CROSS ROAD NO 2, MAROL, MIDC, ANDHERI EAST , MUMBAI 400 093
Branch
Jaslok Extn Counter

IBKL0000902

JASLOK HOSPITAL, DR G DESHMUKH MARG MUMBAI 400 026
Branch
Jogeshwari

IBKL0002370

IDBI BANK LTD,FLEXCEL PARK,D-001,GR.FLOOR,S.V.ROAD,OPP MILLAT HIGH SCHOOL,JOGEHSWARI WEST,JOGESHWARI,MUMBAI 400102
Branch
Jvpd, Juhu

IBKL0000748

MEGHNA PLOT 11 NUTAN LAXMI CHSROAD NO 10JVPD SCHEMEVILE PARLE W MUMBAI 400049
Branch
Kalbadevi

IBKL0000100

PAI RESTAURANT,CORNER OF COLLEGE RD and SAMADEVI RD
Branch
Kalina Santacruz

IBKL0000203

DIAMOND ESTATE UNIT NO 1 and 2 B WING GROUND FLOOR CST ROAD KALINA SANTRACURZ E MUMBAI MUMBAI
Branch
Kandivali

IBKL0000656

A3 23 SARAF CHAUDHARI NAGAR THAKUR COMPLEX KANDIVALI EAST PINCODE 400101
Branch
Kandivali ,west

IBKL0000190

SHOP NO. 1,2,3, FLAT NO. 2, KAKAD KUNJ CHS,OFF. BHATT LANE, NEAR M.K.N. BHATIA HIGH SCHOOL & JR. COLLEGE,KANDIVALI WEST,MUMBAI PIN.400067,MAHARASHTRA
Branch
Khar

IBKL0000014

DHARMI NIWAS PLOT N0 77R K MISSION MARG KHAR
Branch
Kurla Branch

IBKL0002307

GAGAN 138,BLDG NO 138,SARITA VIDYA MAHAL CHSL,NEHRU NAGAR,KURLA EAST
Branch
Lic P And Gs

IBKL0004LIC

1ST FLR EAST WING P&GS MDO 1 LIC,YOGAKSHEMA BLDG JB MARG NARIMAN POINT-400021
Branch
Lower Parel

IBKL0000559

HARSHAD, 72 74 74A,, N M JOSHI MARG,, LOWER PAREL,, PINCODE 400013
Branch
Lower Parel West Mumbai

IBKL0000187

TRADEVIEW, OASIS COMPLEX, KAMALA MILLS COMPOUND, PB MARG, LOWER PAREL W , MUMBAI 400 013
Branch
Mahape

IBKL0001110

TECHNOCITY BLDG GRD FLRPLOT NO X 41 and 42TTC INDUSTRIAL AREAOPP MILLENIUM BUSINESS PARKMAHAPENAVI MUMBAI 400710
Branch
Mahesh Sahakari Bank Ltd

IBKL0726MCB

MAHESH SAHAKARI BANK LTD PUNE, 299, KALBADEVI ROAD, OPP SWADESI MARKET, KALBADEVI, MUMBAI 400 002
Branch
Mahim

IBKL0000767

IDBI BANK LTDASHFORD CHAMBERS CITYLIGHT OPP GOPI TANK MARKET LJ ROAD MAHIM MUMBAI 400 016
Branch
Main Branch Mumbai

IBKL0000126

WORLD TRADE CENTRE GROUND FLOOR CUFFE PARADE MUMBAI 400 005
Branch
Malad

IBKL0000125

IDBI TOWERS GROUND FLOORWTC COMPLEX CUFF PARADE
Branch
Malad

IBKL0000601

103 MAMLATDAR WADI GROUND FLOOR MALAD WEST PINCODE 400064
Branch
Mangal Co Operative Bank Limited Dahisar East

IBKL0691M04

BLDG NO 30,SHAKTI NAGAR VAIBHAV CO OP HSG SOC LTD,CHHATRAPATI SHIVAJI COMPLEX,SHAKTINAGAR,DAHISAR EAST ,MUMBAI 400068
Branch
Mangal Co Operative Bank Limited Goregaon West

IBKL0691M01

PLOT NO 168,JWAHAR NAGAR,GOREGAON WEST MUMBAI 400062
Branch
Mangal Co Operative Bank Limited Kandivali East

IBKL0691M03

SHOP NO 59and 60,A 7,SARAF CHOUDHURY NAGAR CHS LTD 13,THAKUR COMPLEX,KANDIVALI EAST ,MUMBAI 400101
Branch
Mangal Co Operative Bank Limited Malad West

IBKL0691M02

SHOP NO 4,DHEERAJ GANGA BUILDING CHINCHOLI BUNDER ROAD MALAD WEST ,MUMBAI 400064
Branch
Marol Mumbai

IBKL0000552

PLOT NO L MUKUNDNAGAR ANDHERI KURULA ROAD MAROL ANDHERI EAST PINCODE 400059
Branch
Mulund E

IBKL0000587

KISHORE BLDG, DESAI WADI,, GOPAL KRISHNA GOKHALE MARG,, MULUND EAST , PINCODE 400081
Branch
Mumbai Currency Chest

IBKL0000971

GLOBE TRADE BASEMENT, PROCESS HOUSE, KAMALA CITY, LOWER PAREL W , MUMBAI 400013
Branch
Nana Chowk

IBKL0000166

GROUND FLOOR, KAILASH DARSHAN BUILDING, SHANKAR SHETH ROAD,KENNEDY BRIDGE,NANA CHOWK, MUMBAI
Branch
Nariman Point

IBKL0000004

MITTAL TOWER, C WING,GR FLOOR,NARIMAN POINT,
Branch
Nariman Point

IBKL0100AC4

AIR INDIA BLDG,2ND FLOOR,NARIMAN POINT,MUMBAI 400021
Branch
Near Mulund Railway Station Mulund West Mumbai

IBKL0000173

BODKE BUILDING,N S ROAD, NEAR MULUND RAILWAY STATION,MULUND WEST ,MUMBAI,400080
Branch
Nec Sahar

IBKL0100AC5

NACIL I ,SAHAR,MUMBAI 400099
Branch
Niptc Sahar

IBKL0100AC6

NEAR CHHATRAPATI SHIVAJI INTERNATIONAL AIRPORT,SAHAR,MUMBAI 400099
Branch
Ntb Santacruz

IBKL0100AC3

SANTACRUZ AIRPORT,VILE PARLE EAST,MUMBAI 400099
Branch
Old Airport Santacruz

IBKL0100AC2

LP,NE,MMB429
Branch
Oshiwara

IBKL0002093

NO 2 7 SAMARTH VAIBHAV CHS LTD OFF NEW LINK ROAD LOKHANDWALA COMPLEX ANDHERI WEST
Branch
Parel Lalbaug

IBKL0000726

SHOP NO 1 CENTRE POINT DR BABASAHEB AMBEDKAR ROAD OPP BHARATMATA CINEME PAREL LALBAUG MUMBAI 400012
Branch
Powai

IBKL0000237

JHEEL DARSHAN, MHADA COMPLEX,A S MARG POWAO TO ANDHERI ROAD POWAIMUMBAIMAHARASHTRA400076
Branch
Prabhadevi

IBKL0000026

KOHINOOR BLDG VEER SAVARKAR MARG PRABHADEVI
Branch
Prabhadevi

IBKL0000579

SILVER APARTMENTS SHANKAR GHANEKAR MARG PRABHADEVI PINCODE 400028
Branch
Progressive Co Operative Bank Ltd Dadar

IBKL0454PC3

3DYN DVUHDDDSU44
Branch
Progressive Co Operative Bank Ltd Head Office

IBKL0454PC1

2TRUZGURRRTUB
Branch
Progressive Co Operative Bank Ltd Kalbadevi

IBKL0454PC5

1 1IDIGDDJGKD IGYII2
Branch
Progressive Co Operative Bank Ltd Mulund

IBKL0454PC4

C 1LYGC KMLML48
Branch
Progressive Co Operative Bank Ltd Sion

IBKL0454PC2

LTN94 95,1STFLR,RUAMBUILDING,SINCIRCLE,SINEAST,MUMBAI400022
Branch
Retail Asset Worli

IBKL0000855

RAC WORLI E MOSESRD 1ST FLOOR HANSRAJ PRAGJI BUILDING WORLI MUMBAI MAHARASHTRA
Branch
Retail Asset Andheri

IBKL0000805

MIDC ANDHERI, RAC MARIGOLD HOUSE PLOT NO A 34 CROSS ROAD NO MAROL MIDC, ANDHERI EAST
Branch
Retail Asset BelaPur

IBKL0000834

BELAPUR,RAC ,GR FLOOR, IDBI BLDG ,PLOT NO 39 40 41, SECTOR 11,OPP CBD BELAPUR STATION, CBD BELAPUR,NAVI MUMBAI   PIN 400614
Branch
Retail Asset Borivali

IBKL0000839

RETAIL ASSET CENTRE67BHOOMI SARASWATI1ST FLOOR GANJAWALA LANEOFF S V RDBORIVALI W MUMBAI 400092
Branch
Retail Asset Deonar

IBKL0008001

SAFAL PRIDE, 1ST FLOOR, SION TROMBAY ROAD, OPP PUNJAB WADI BUS STOP, DEONAR, MUMBAI 400088
Branch
Retail Assets

IBKL0000096

TRIBHUVAN BUILDING, VIJAY VALLABH CHOWKPYDHONI, 1 3, KALBADEVI ROAD
Branch
Rtgs Cell

IBKL0000999

CENTRAL ROAD, MIDC PLOT NO 82 83, ROAD NO 7, STREET NO 15, ANDHERI EAST, MUMBAI 400093
Branch
Rtgs Cell

IBKL0NEFT01

CENTRAL ROAD, MIDC PLOT NO 82 83, ROAD NO 7, STREET NO 15, ANDHERI EAST, MUMBAI 400093
Branch
Ruia College Extn

IBKL0000921

UWB RRC EXT COUNTER UNDER DADAR14, RUIA COLLEGE BLDG , LAKHAMSI NAPPU RD MATUNGA, DADAR, PINCODE 400019
Branch
Service Branch Mumbai

IBKL0000995

MITTAL COURT, A WING, 2ND FLOOR, NARIMAN POINT, MUMBAI 400 021
Branch
Sindhudurg Co Operative Bank Ltd

IBKL0726SCB

HARHARWALA BUILDING NO 1, SANE GURUJI MARG, LALBAUG, MUMBAI 400 012
Branch
Sion West

IBKL0000188

THE ANGELE EDUCATIONAL TRUST 267SULOCHANA SHETI MARG SION WEST MUMBAI 400 002
Branch
Specalised Corporate Branch Bkc

IBKL0001001

IDBI BANK LIMITED, SPECALISED CORPORATE BRANCH, OPPOSITE NATIONAL STOCK EXCHANGE, BANDRA KURLA COMPLEX, BANDRA EAST , MUMBAI 400051
Branch
State Transport Bank Kurla

IBKL0617S08

S T DIVISIONAL OFFICE,KURLAKIROL ROAD KURLA WEST400086
Branch
StatetransportcoopBank Mumbai

IBKL0617S50

MAHARASHTRA VAHATUK BHAVAN,DR ANANDRAO NAIR MARG,OPP MUMBAI CENTRAL RLY STATION 400008
Branch
Thakur Village Kandivali

IBKL0000897

GR FLOOR, VISHNU SHIVAM MALL,THAKUR VILLAGE, KANDIWALI EAST, MUMBAI
Branch
The Maharashtra Mantralaya And Allied Offices Co Op Bank Ltd

IBKL0004MCB

ADW,PJUL,PT,U 21
Branch
The Mogaveera Co Op Bank Ltd Andheri East Branch

IBKL0452M58

REBELLO HERITAGE,GUNDAVALI VILLAGE,AZAD ROAD,ANDHERI EW ,MUMBAI 400 069
Branch
The Mogaveera Co Op Bank Ltd Andheri West Branch

IBKL0452M53

FLOWER QUEEN,VEERA DESAI ROAD,ANDHERI W ,MUMBAI 400 058
Branch
The Mogaveera Co Op Bank Ltd Borivali Branch

IBKL0452M56

UNIT 1 and 3,NAV MANMANDIR CHS LTD,1ST FLOOR,EKSAR ROAD,OPP EKSAR TALAV,BORIVALI W ,MUMBAI 400091
Branch
The Mogaveera Co Op Bank Ltd Dombivali Branch

IBKL0452M62

103 106,SAROJA ARCADE,1ST FLOOR,PATKAR ROAD,OPP RAILWAY STATION,DOMBIVALI E ,THANE 421 201
Branch
The Mogaveera Co Op Bank Ltd Fort Branch

IBKL0452M52

A 3,GROUND FLOOR,30 36 TAMARIND HOUSE,TAMARIND LANE,OPP PURNIMA HOTEL,FORT,MUMBAI 400 023
Branch
The Mogaveera Co Op Bank Ltd Ghatkopar Branch

IBKL0452M57

KAVITA CO OP HSG SOCIETY LTD R B MEHTA MARG,GHATKOPAR E ,MUMBAI 400 077
Branch
The Mogaveera Co Op Bank Ltd Goregaon Branch

IBKL0452M54

KIRAN INDUSTRIAL ESTATE,M G ROAD,GOREGAON W ,MUMBAI 400 062
Branch
The Mogaveera Co Op Bank Ltd Kandivali Branch

IBKL0452M59

RAM KRUPA,DEVJI BIMJI LANE,MATHURADAS ROAD,KANDIVALI W ,MUMBAI 400 067
Branch
The Mogaveera Co Op Bank Ltd Kurla Branch

IBKL0452M55

7,8,9 NEW DWARKAPURI,KAILASH CHOWK,L B S MARG,NEAR SHEETAL CINEMA,KURLA W ,MUMBAI 400 070
Branch
The Mogaveera Co Op Bank Ltd Sakinaka Branch

IBKL0452M60

G 18and G 19,PRANIK CHAMBERS,SAKI VIHAR ROAD,OPP ANDHERI KURLA ROAD,SAKI NAKA,MUMBAI 400 072
Branch
The Mogaveera Co Op Bank Ltd Vikhroli Branch

IBKL0452M61

23 24,INDRAPRASTHA INDUSTRIAL ESTATE,HARIYALI,L B S MARG,VIKHROLI W ,MUMBAI 400 079
Branch
The Naval Dockyard Co Operative Bank Ltd Ghatkopar

IBKL0452ND3

EIIIBVEDEKUBI86
Branch
The Naval Dockyard Co Operative Bank Ltd Nt Pool

IBKL0452ND6

WROBUBI
Branch
The Naval Dockyard Co Operative Bank Ltd Powai

IBKL0452ND2

SY,BSM,M,MMB478
Branch
The Naval Dockyard Co Operative Bank Ltd Trombay

IBKL0452ND5

NAVAL ARMAMENT DEPOT TROMBAY,MUMBAI 400088
Branch
The Naval Dockyard Co-op Bank Ltd Ins Hamla Branch

IBKL0452ND7

HAMLA BAZAR-II,NEXT TO UNION BANK OF INDIA,INS HAMLA,MARVE ROAD,MALAD W ,MUMBAI - 400 095
Branch
Truner Road, Bandra W , Mumbai

IBKL0000175

HEMENDRA CHANCHLANI IDBI BANK MANGAL DARSHAN 14 TRUNER ROAD BANDRA W MUMBAI 4000050
Branch
Vashi

IBKL0000650

SHABI COMPLEX,, SECTOR NO 12,, VASHI, PINCODE 400705
Branch
Versova

IBKL0000162

NEW COSMOS CHS, MAIN SAI RD JUHU VERSOVA
Branch
Vidyavihar

IBKL0001472

KARM SANKALP BLDG PLOT NO 51,ROAD NO 7,VIDYAVIHAR EAST MUMBAI 400077
Branch
Vile Parle

IBKL0000492

BHIDE BUNGALOW,, 37, MAHATMA GANDHI ROAD,, VILEPARLE EAST , MUMBAI, PINCODE 400057
Branch
Vile Parle W

IBKL0000181

185A BHAVANA APTS S V ROAD OPP GTC FACTORY VILE PARLE WEST MUMBAI 400 056
Branch
Vima Kamgar Co Operative Bank Ltd Santacruz

IBKL0452VK3

NEW INDIA BLDG,SV ROAD SANTCRUZ MUMBAI 400058
Branch
Wadala

IBKL0001487

UNIT NUMBER 5,WADALA UDYOG BHAVAN,NAIGAON CROSS ROAD,WADALA,MUMBAI400031
Branch
Warden Road

IBKL0000019

TIRUPATI APARTMENTSBHULABHAI DESAI ROAD
Branch
World Trade Centre Complex, Cufe Parade, Mumbai

IBKL0000701

SHRI PRADIP ROY 9TH FLOOR IDBI TOWER WORLD TRADE CENTRE COMPLEX CUFE PARADE MUMBAI 400005

What are Idbi IFSC Codes?

The Indian Financial System Code, commonly known as the IFSC code, is an alphanumeric code crucial for the electronic transfer of funds within the Indian banking system. This code helps in identifying specific bank branches, ensuring that electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are conducted smoothly and accurately.

The IFSC code acts as a guide that directs money to the right bank branch, whether it is for a money transfer to a friend, payment of a bill, or business transactions.

How to Read the Structure of the Idbi IFSC Code

The IFSC code is an 11-character code consisting of three distinct elements:

  • First Four Characters: These letters indicate the name of the bank. For instance, the first four alphabets in the code represent the bank's name.
  • Fifth Character: This is always '0' (zero) and is reserved for potential future use in the system.
  • Last Six Characters: These can be either numeric or alphabetic and identify a specific branch of the bank.

Example: An IFSC code may appear as "BANK0123456." Here, "BANK" denotes the bank, and "0123456" identifies the specific branch. This unique combination ensures that each branch of every bank has a distinct identification number, allowing the precise identification of the account's location.

How to Locate an Idbi IFSC Code

Locating an IFSC code is relatively straightforward and can be done using any of the following methods:

  • Cheque Book: The cheque leaves issued by your bank carry the IFSC code, usually printed on the upper section of the leaf.
  • Bank Passbook: The IFSC code is typically found on the first page of the bank passbook provided at the time of opening the account.
  • Official Websites of Banks: Most banks provide a search tool on their websites that allows you to find their respective IFSC codes based on branch location or branch name.
  • Online Banking Portals: IFSC codes are provided in most online banking systems, enabling customers to find the code related to their bank branch.
  • Mobile Banking Apps: Many banking apps allow you to view branch details, including IFSC codes.
  • RBI Website: The Reserve Bank of India maintains an official list of all banks and their respective branch IFSC codes on its website.

Importance of IFSC Code in Fund Transfers

The IFSC code plays a significant role in secure and efficient fund transfers in the following ways:

  • NEFT (National Electronic Funds Transfer): The IFSC code ensures that funds are transferred accurately from one account in a bank to another account in a different bank in India.
  • RTGS (Real-Time Gross Settlement): The IFSC code ensures the safety and speed of high-value transactions where money needs to be transferred at once.
  • IMPS (Immediate Payment Service): An instant fund transfer service where the IFSC code directs funds to the correct branch instantly.
  • Error Prevention: Accurate use of the IFSC code minimizes the chances of funds being directed to the wrong account or branch, thereby reducing errors.

Benefits of Using IFSC Code

Here are the main benefits of IFSC codes you must know:

  • Increased Security: Using the correct IFSC code ensures the transaction reaches the correct branch of the bank, minimizing errors or misdirected funds.
  • Faster and More Efficient: IFSC codes streamline the fund transfer process, making it faster than traditional methods.
  • Universal Use: Since the IFSC code system is standardized across all banks in India, it can be used for transfers between any banks.

Procedure to Perform Idbi Fund Transfer Using IFSC Code

Fund transfer using an IFSC code is a simple yet vital process:

  • Log in Through Online Banking: Use your mobile banking app or Internet banking portal to log in to your bank.
  • Fund Transfer: Select the option for fund transfer, choosing between NEFT, RTGS, or IMPS.
  • Add Recipient Details: Enter the recipient's name, account number, bank name, and the IFSC code of their branch.
  • Validate Details: Verify the entered details to avoid errors. Incorrect bank and IFSC details can lead to the rejection of your fund transfer request.
  • Confirm Transfer: After confirmation, the money will be transferred. Depending on the mode of transfer, the amount may be transferred within a few seconds or minutes.

How to Open a Idbi Bank Account

Opening a bank account is a simple if you have the necessary documents and meet the eligibility criteria:

Eligibility Criteria

  • Any citizen over 18 years old is eligible to open a bank account.
  • In the case of minors, parents or guardians can open an account on their behalf.
  • Non-residents are also eligible, provided they fulfill certain conditions established by the banks.

Required Documents

  • Proof of Identity: Aadhaar Card, Passport, Voter ID, or any government-issued ID.
  • Proof of Address: Aadhaar Card, Passport, utility bills, or any valid document proving residence.
  • PAN Card: A PAN card is required for tax compliance.
  • Passport Size Photographs: Usually, two to three recent photographs are needed.
  • Form 16: In certain cases where a PAN card is not available, Form 16 may be considered.

Process to Open an Account

  • Visit a Bank: Visit a branch of your chosen bank, or apply online if the bank offers an online application service.
  • Fill Out the Form: Complete the account opening form with your personal information.
  • Submit Documents: Provide documents verifying your identity and address.
  • Initial Deposit: Make an initial deposit if required by the specific type of account.
  • Account Activation: Once your documents are verified, your account will be activated, and you will receive a passbook, checkbook, and debit card.
  • Register for Internet and Mobile Banking: Register for Internet and mobile banking services to facilitate easy transactions.

Loan EMI Calculator: Importance and Types

For anyone taking a loan, an EMI calculator is a vital and useful tool. Based on the loan amount, interest rate, and repayment period, it assists you in calculating the monthly repayment amount. You may better manage your money and make sure the loan doesn't put a burden on your resources by using an EMI calculator. It helps you steer clear of any unpleasant shocks later on by giving you a clear image of your financial commitment.

Loan Calculators

  • Loan Calculator VA: Specifically designed for VA loans, helping veterans calculate their mortgage payments.
  • Loan Calculator Vehicle: Assists in determining monthly payments for vehicle loans.
  • Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
  • Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.

EMI Calculators

  • EMI Calculator for Home Loan: Helps in calculating the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator Us: Tailored for users in the US to compute their home loan EMIs.
  • EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.

Interest Calculators

  • Interest calculator yearly: Calculates the annual interest on loans or investments.

SIP Calculators

  • SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
  • SIP Calculator Return: Estimates the returns on SIP investments.
  • SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
  • SIP Calculator Months: Provides monthly breakdowns of SIP investments.
  • SIP Calculator Online: An online tool for calculating SIP returns.
  • SIP Calculator Yearly: Offers yearly projections of SIP returns.

PPF Calculators

  • PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
  • PPF Generator: Generates detailed reports on PPF investments.
  • PPF Calculator 15 Years: Estimates returns over a 15-year period.
  • PPF Calculator 30 Years: Projects returns over a 30-year period.

Conclusion

An IFSC code is an essential component of the Indian banking system, ensuring the secure electronic transfer of funds. Whether you're doing a simple NEFT transfer or a high-value RTGS transaction, the IFSC code plays an indispensable role in smooth banking operations. Knowing how to find and use this code is crucial for anyone conducting electronic transactions in India.

Frequently Asked Questions (FAQs)

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a specific branch of a bank in India. It is required for electronic fund transfers like RTGS and NEFT.

The IFSC code is crucial for ensuring safe and error-free transfers from one bank to another. It helps route transactions through the correct bank branch.

You can find the IFSC code on your cheque book and passbook or on your bank's official website. The Reserve Bank of India also publishes a list of IFSC codes.

Yes, the IFSC code is required to complete electronic fund transfers like NEFT, RTGS, and IMPS. Without the IFSC code, the transfer cannot be completed.

In Internet banking, the IFSC code of the beneficiary's bank and branch ensures safe and accurate transfers.

No, each branch of a bank has a unique IFSC code, making it easier to identify the specific branch for transactions.

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