Select Branch for Idbi in Chennai, Tamil Nadu

Choose a branch to view IFSC code and details

Branch
Alwarpet

IBKL0000022

SONA BUILDING,37, C P RAMASWAMY ROAD, ALWARPET,
Branch
Anna Nagar

IBKL0000777

J 19, III AVENUE, ANNA NAGAR EAST, CHENNAI 600 102
Branch
Ashok Nagar Chennai

IBKL0000630

NO 44 86, 4TH AVENUE, NEAR R3 POLICE STATION ,ASHOK NAGAR ,CHENNAIPIN 600083,TAMIL NADU
Branch
Chengalpet

IBKL0001142

6411 ALAGESAN NAGAR VEDACHALA NAGAR CHENGALPET
Branch
Chennai Main Branch

IBKL0000129

IDBI COMPLEX, NEWAR LAL BUNGALOWOFF C G ROAD
Branch
Currency Chest Chennai

IBKL0000976

KHIVIRAJ COMPLEX 1,GROUND FLOOR ,480 ANNA SALAI,NANDANAM,CHENNAI 600035
Branch
GopalaPuram

IBKL0001654

NO.245, AVVAI SHANMUGAM SALAI, GOPALAPURAM ,CHENNAI 600086
Branch
Greams Road

IBKL0000005

P M TOWERS37, GREAMS ROAD
Branch
K K Nagar

IBKL0001430

PLOT NO 780,DOOR NO 3 MUNUSAMY SALAI,K K NAGAR CHENNAI
Branch
Kilpauk

IBKL0000287

GROUND and FIRST FLOOR, PATTERY BALFOUR ROAD, KELLEYS, KILPAUK, CHENNAI TAMILNADU – 600 010
Branch
Little Mount

IBKL0002293

115,ANNA SALAI,SAIDAPET,CHENNAI 600015
Branch
Madipakkam

IBKL0001178

NO 29E,MEDAVAKKAM MAIN ROAD,KILKATTALAI,CHENNAI-600117,TAMILNADU
Branch
Mogappair

IBKL0000300

PLOT NO 12 18,SEETHAKKATHI ROAD,MOGAPPAIR EAST,CHENNAI 600037
Branch
Mudichur Branch

IBKL0001344

KANAGAVALLI NAGAR,PTC QUARTERS BUS STOP,VARADHARAJA PURAM,MUDICHUR,CHENNAI 600048
Branch
N M Road

IBKL0000045

NELSON TOWER, NEW NO 91NELSON MANICKKAM ROAD
Branch
Nanganallur

IBKL0000735

NO 3, ANNAPOORNA APPARTMENT, 17TH STREET, NANGANALLUR, CHENNAI 600 061
Branch
Neelankarai

IBKL0001143

PLOT NO 2 IST MAIN ROAD RAJA NAGAR NEELANKARAI CHENNAI PIN 600041
Branch
Ota Extn Counter

IBKL0000904

O T A, ST THOMAS MOUNT,CHENNAI 600 016
Branch
Parrys Corner

IBKL0000907

HARI NIVAS TOWERS,NO 163,THAMBU CHETTY STREET,PARRYS CORNER,CHENNAI 600001
Branch
Periyar Nagar

IBKL0000718

SRI LAKSHMI, B 26, KARTHIKEYAN SALAI, PERIYAR NAGAR CHENNAI 600082
Branch
Perungudi Rac

IBKL0008036

288/2 OLD MAHABALIPURAM ROAD,PERUNGUDI
Branch
Porur

IBKL0001085

IDBI BANK LTD PE VE PLAZA NO 9 LAKSHMI NAGAR ACROT ROAD PORUR CHENNAI 6000116
Branch
Purasaiwalkam

IBKL0002304

58,HUNTERS ROAD,PURASAIWALKAM,CHENNAI - 600112
Branch
Rac Ashok Nagar

IBKL0008009

1ST FLOOR,NO 44 86,4TH AVENUE,NEAR R3 POLICE STATION ASHOK NAGAR CHENNAI
Branch
Retails Assets Center, Chennai

IBKL0000814

MURUGESA NAICKER OFFICE COMPLEXIII FLOOR 68 GREAMS ROAD CHENNAI 600006 TAMIL NADU
Branch
Rpu Chennai

IBKL0000993

MURUGESA NAIKER COMPLEX, 3RD FLR, 68, GREAMS ROAD, CHENNAI 600006
Branch
Rpu South

IBKL0000945

3RD FLOOR,KHIVRAJ COMPLEX I,480, ANNA SALAI, NANDANAM, CHENNAI 600 035
Branch
Spoke Rao - Nungambakkam, Chennai

IBKL0009991

FIRST FLOOR,PRESTIGE POINT BUILDING,NO 47,HADDOWS ROAD,NUNGAMBAKKAM,CHENNAI PIN 600006,TAMIL NADU
Branch
T Nagar

IBKL0000194

1ST FLOOR, DEVI ARIHANT, 24 2,OLD NO 16,DR NAIR ROADT NAGARCHENNAICHENNAITAMIL NADU600 017
Branch
Tambaram

IBKL0000370

NO 4 DURAISWAMY REDDY STREET WEST TAMBARAM CHENNAI 600045
Branch
Thiruvanmiyur

IBKL0001055

NO 67, EAST COAST ROAD, THIRUVANMIYUR, CHENNAI 600041
Branch
Vadapalani

IBKL0001619

NO 98 HUNDRED FEET ROAD,VADAPALANI,CHENNAI 600026
Branch
Velachery

IBKL0000736

51 B,VELACHERY MAIN ROAD,VELACHERY,CHENNAI 600 042
Branch
Washermanpet

IBKL0002111

NO.38 GOLLAVAR AGRAHARAM ROAD,OLD WASHERMANPET,CHENNAI PIN 600021 TAMIL NADU

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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