State wise list of IDBI IFSC code, MICR code and addresses of all branches in India
(used for RTGS and NEFT transactions)
|MICR Code||MICR not provided.|
"All information provided in respect of IFSC Codes of Banks, contact numbers and other details are for information purposes only. BankBazaar, on best efforts basis, collates this information from relevant sources and endeavors to offer accurate and responsible data. BankBazaar is not responsible for any sort of discrepancies and shall not be responsible for any loss and/or damage that may arise or is incurred by use of such information. It is a mutual understanding that the visitor's usage of any such information will be at his own preference and risk."
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Every bank branch has a unique Indian Financial System Code (IFSC) that consists of 11 characters with both alphabets and numbers. This code is provided to every bank which participates in the NEFT network. The unique 11-alphanumeric code encompasses three parts. The first four characters are alphabets and represent the name of the bank which is followed by the digit ‘0’ that is there for future use. The final six characters are usually numbers and indicate a particular branch.
It needs to be mentioned that the way funds are being transferred from one account to another has changed dramatically since the introduction of Electronic funds transfer. The country’s apex banking institution namely the Reserve Bank of India (RBI) has introduced three methods of fund transfer which has been categorised as:
These methods make use of IFSC to ensure that there is no confusion when an individual transfers funds as well as to make the process involved a fast and completely safe one.
In this article, we have compiled a list of a few bank branches of IDBI bank that operates in Bangalore (Urban):
|IFSC Code||Open Hours (Monday to Saturday)||Mode of payment||Remittance Services||Bank Details|
|IBKL0000813||10:00 am to 4:00 pm||Cash, Cheque, Demand Draft and Net Banking||NEFT||IDBI Bank Ltd Rac Indiranagar IBKL0000813|
|IBKL0000693||10:00 am to 4:00 pm||Cash, Cheque, Demand Draft and Net Banking||NEFT||IDBI Bank Ltd Koramangala IBKL0000693|
As long as an individual remembers the name of the bank and the branch, it is a simple task to find the IFSC and MICR codes of a particular bank branch. It can be found by making use of the World Wide Web or by visiting the website of the particular bank that is in question. Third-party financial websites such as BankBazaar can also be helpful in finding correct information in this regard. All the individual needs to do is to follow the steps mentioned below:
Transferring funds has never been easier with the introduction of NEFT, RTGS and IMPS services.
National Electronic Funds Transfer (NEFT):
The NEFT or National Electronic Funds Transfers works on Deferred Net Settlements. The settlements are done in batches on an hourly schedule. As long as you have debited the amount within the time-frame that is stipulated by the bank, it will be credited to the beneficiary on the same day. If not, the amount will be credited on the following working day. You will need the following information to use NEFT service at IDBI:
Real Time Gross Settlement System (RTGS):
Real Time Gross Settlement System (RTGS transfers funds on an individual basis which means that the clearance of funds are scheduled individually and not batchwise. RTGS is one of the quickest and safest ways to transfer funds. IDBI ensures that all the transactions will be completed on the same day that the customer debits the fund, unless it has been done after the indicated time frame.
You will need the following information to use RTGS service at IDBI:
The following are the charges for availing the RTGS service (for outward transactions) at IDBI:
|Rs. 2 lakh to Rs.5 lakh||Not exceeding Rs. 30 per transaction|
|Rs. 5 lakh and above||Not exceeding Rs. 55 per transaction|
Timings for Transactions:
|Weekdays||9:00 Am to 4:15 PM|
|Weekend||9:00 Am to 1:00 PM|
Established in 1964 under the Industrial Development Bank of India Act, IDBI (Industrial Development Bank of India) is a government-owned financial service company. It was formerly known as Industrial Development Bank of India. The headquarters of the bank is in Mumbai and the bank was an effort by the government to provide credit and other financial facilities for the development of Indian industry.
Today IDBI has over 1700 branches and 1285 centres in mostly India but also a few abroad. IDBI provides solutions for all the financial needs of customers including net banking, wealth management, telephone banking, investment banking, private banking, retail banking, corporate banking, all kinds of loans, finance & insurance, credit cards, private equity and more.
In a bid to raise and boost capital, IDBI Bank has decided to invest in non-core businesses. Board of directors of the bank agreed to a deal in principle to diversify the company’s investments. It looks like the company has decided to go forth with this move as its worth has gone down by 26% year-on-year if numbers from December 2015 and 2016 are compared.
Based on the figures available, the company’s value went from Rs.19,323 crores in December 2015 to Rs.14,258 in December 2016.
Right now the bank is considering reducing in stake in business like IDBI Intech, IDBI Federal Life Insurance, IDBI Asset Management Company, National Stock Exchange, NSDL E-Governance Infrastructure and several others.
21st February 2017
A branch of IDBI Bank was recently inaugurated in Ralan by SDO Civil, Ralan Thungchanbemo Tungoe. During the inaugural ceremony Thungchanbemo extended his thanks to the bank for venturing into an unbanked remote region, calling it a bold decision before going on to encourage the individuals who reside in the area to make the most of the banking facilities afforded to them at their doorstep. The ceremony was earlier chaired by the Assistant Manager of the Branch Renchamo Ezung, with an introductory speech given by Alexander, the Branch Head, followed by a short speech by Lotha Hoho, the Chairman of Ralan area, and concluded by associate pastor Renbomo’s dedicatory prayer.
20th January 2017
Public sector IDBI Bank is looking to tie up with stressed asset funds to recover big-ticket non-performing loans. The bank is in talks with two entities for arrangements that go beyond provisions, the emphasis was on making units operational again. IDBI’s NPA grew to 13.05% this September, in comparison to 6.92% the same time last year. Banks efforts at resolution of stressed loans is gaining ground.
3rd November 2016
All the shares of IDBI went up by 5% in trade due to the reports that four bidders were planning to acquire a section of the government stake. According to a report Asian Development Bank, GIC of Singapore, Commonwealth Development Corporation and IFC are eyeing on IDBI bank stakes.
The Government went very close on finalising the conditions of the deal. IFC and ADB might be getting board seats whereas Credit Suisse and Citi will be providing advice to IDBI about fund raising. If you wish to know the IFSC code of any IDBI bank branch near your house, you can find it on Bankbazaar.
19th October 2016
The Prime Minister, Shri Narendra Modi, today, during the inaugural ceremony of IDBI Bank in New Delhi, stated that the banking arena is all geared to attain a huge surge of development in villages, not unlike how telecom industry rose to popularity a couple or so decades ago. The PM congratulated the bank for its prosperous journey and commended their efforts to bring banking into as many rural regions as possible. He also mentioned how the new digital banking is more accessible. And can be a great means to curtail influx of black money in the country as online transactions using IFSC Code is transparent and is instantly recorded.
29th August 2016
IDBI has become the first state owned bank to open an International Banking Unit or IBU at International Financial Services Center or IFSC in Gandhinagar. The bank expects to grow its global financing business through this new IBU branch. The new branch is expected to meet the foreign currency demand of its banking clients and is expected to provide a full range of banking services to its customers.
The bank hopes that in the next few years, Gandhinagar will be able to retain a lot of financial business that is currently going out in the absence of an IFSC. Earlier, KOtak Mahindra too opened its IBU branch at the IFSC in Gandhinagar.
9th May 2016
IDBI Bank, a government owned lender, reported a 27% increase in its net profit. The bank witnessed a steep rise in the fees levied to the customers and in its non - interest income - trading. The net interest income rose by 19. 5% and the growth in other income of 28. 5% which subsequently led to the 22% growth in its operating income. IDBI Bank offers a range of products varying from deposits, accounts and loans to internet banking. Using Net Banking, the customer can make NEFT fund transfers in an instant by mentioning the beneficiary account number and the IFSC code of beneficiary bank.
4th January 2016
One of India’s top private sector bank, IDBI Bank has opened a Treasury Business Continuity Centre (BCP) in Bandra Kurla Complex in Mumbai. The new Centre will be a near-site alternative to IDBI Bank’s main Treasury Dealing office during incidents of business disruptions and disasters. The Treasury Business Continuity Centre will contain the latest technology and will have excellent connectivity with operations relating to several market segments, handling back office, front office and mid-office services for Treasury.
IDBI Bank is known for its Core Banking platform with customer oriented services and an experienced team handling its large clientele. The bank offers state-of-the-art e-banking services inclusive of mobile and internet banking services. IDBI Bank customers can easily place requests for credit instruments, manage their bank accounts and make transfers via IFSC codes to any branch in India. Along with this customers can also use the phone banking services provided by IDBI and contact the customer care for any banking queries.
10th December 2015
Customers can open bank accounts with just one touch using the latest tab banking solutions introduced by IDBI Bank. JusTab is available on tablets and can be accessed by customers from the comfort of their homes or offices. If a bank account has to be opened, then the bank official will visit the customer’s home and complete the bank account opening procedure. The bank official will also receive the required documents and photograph from the customer, capturing data using tablets. The saved information is then transferred to IDBI Bank’s processing centre, after the bank has verified the details.
As an effort to provide convenient and efficient banking services to customers, IDBI has come up with this tab service. JusTab was launched by certain members of the board, namely Shri Pankaj Vats, Ms. Snehlata Shrivastava, Shri Ninad Karpe,Shri S. Ravi and Shri B.K. Batra at the Bank’s Corporate Centre. As one of the top public sector banks in India, IDBI Bank is known for its e-banking services available to customers on secure platforms. Customers can manage their bank accounts and make fund transfers with IFSC codes using the internet and mobile banking services provided by IDBI Bank. The bank also has a vast retail portfolio with personalised banking solutions and competitive pricing of products.
24th November 2015
The Board of IDBI has given its approval to raise foreign currency debt to a maximum of USD 7.5 billion which amounts to around Rs. 49,000 crore. This proposal increases the foreign currency borrowing limit. There are many ways of raising the debt such as through lines of credit or credit facilities or syndicated loans among others. IDBI Bank closed at Rs 79.05, up Rs 5.15, or 6.97 percent. The 52-week high of the share was Rs 84.80 and the 52-week low was Rs 52.45. The company's trailing 12-month (TTM) EPS was at Rs 5.63 per share as per the quarter ended June 2015. The stock's price-to-earnings (P/E) ratio was 14.04. The latest book value of the company is Rs 141.24 per share. At current value, the price-to-book value of the company is 0.59.
IDBI Bank offers various facilities such as online banking, easy to avail loans and online transfer of funds via IFSC codes.
23rd November 2015
|• IDBI Bank banjara hills branch||• IDBI Bank basheer bagh branch||• IDBI Bank dilsukhnagar branch|
|• IDBI Bank lic employees co operative bank limited machilipatnam branch||• IDBI Bank the gauhati co operative urban bank ltd branch||• IDBI Bank central co operative bank ltd ara branch|
|• IDBI Bank prashant vihar branch||• IDBI Bank ramgarhia co op bank ltd branch||• IDBI Bank rohini sector 11 branch|
|• IDBI Bank vasant kunj branch||• IDBI Bank the nawanagar co operative bank ltd branch||• IDBI Bank the mehsana nagrik sahakari bank ltd branch|
|• IDBI Bank sosyo circle udhna surat branch||• IDBI Bank btm layout branch||• IDBI Bank whitefield branch|
|• IDBI Bank aluva branch||• IDBI Bank adimali branch||• IDBI Bank the thrissur district co operative bank limited branch|
|• IDBI Bank sudama nagar branch||• IDBI Bank aurangabad dist central coop bank branch||• IDBI Bank khadakpada kalyan branch|
|• IDBI Bank kolhapur rajarampuri branch||• IDBI Bank kolhapur shahupuri branch||• IDBI Bank mogaveera co op bank branch|
|• IDBI Bank near mulund railway station mulund west mumbai branch||• IDBI Bank new d p road aundh branch||• IDBI Bank pimpri chinchwad sahakari bank branch|
|• IDBI Bank pune people co op bank ltd head office branch||• IDBI Bank the rayat sevak cooperative bank limited satara branch||• IDBI Bank the satara district central co operative bank ltd satara branch|
|• IDBI Bank dombivali ramnagar branch||• IDBI Bank ghantali thane branch||• IDBI Bank ashok nagar chennai branch|
|• IDBI Bank greams road branch||• IDBI Bank zila sahkari bank ltd moradabad branch||• IDBI Bank durgapur steel peoples co operative bank ltd branch|
|• IDBI Bank latur district central co operative bank ltd branch||• IDBI Bank rajasmand branch||• IDBI Bank greams road branch|
|• IDBI Bank parali vaijnath branch||• IDBI Bank bhayandar branch||• IDBI Bank bhivandi branch|
|• IDBI Bank coimbatore main branch||• IDBI Bank bhubaneswar chandrasekharpur branch||• IDBI Bank f c road branch|
|• IDBI Bank hsr layout branch bangalore||• IDBI Bank kalyani nagar branch|
|• IDBI Bank gomti nagar lucknow branch||• IDBI Bank the south canara district central co operative bank branch|