Idbi Bank

Reserve bank of India has allotted IFSC codes to all the bank branches in India to easily identify the transactions which are done through a particular branch. IFSC codes are unique 11 digits codes with alphabetic and numeric characters, which are given to all bank branches, and the code won't repeat. It is mandatory to enter IFSC code or MICR codes to identify the branches to perform the cash transactions, without this code the bank branches can't transfer the funds.

These codes helps the users to ensure that the transferred funds receives to the rightful person without any error or concern.

The IFSC code for IDBI bank's Gream's road branch in Chennai Tamil Nadu is IBKL0000005.

This IFSC code can be used for online money transaction via NEFT, RTGS and IMPS to any IDBI Bank account or to any other bank accounts, Here the first 4 alphabets IBKL indicates the bank name, The fifth digit is 0 [zero] for future use, The last 6 digits 000005 indicates the particular branch of IDBI Bank which is located in Gream's Road, Chennai.

IFSC code whose full form is Indian Financial System Code used for online payment applications like RTGS which is Real Time Gross Settlement, NEFT which is National Electronic Funds Transfer, IPM, from one bank to another through IMPS which is electronic Instant Mobile Money transfer Service and CFMS which is Centralized Funds Management System instructed by RBI.

RBI has allotted IFSC codes to all banks in India to find out the branches when money transfer takes place. According to RBI guidelines the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India, with the help of IFSC codes and MICR codes the online funds transaction are made easily without any confusion. This codes helps to avoid risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches to the rightful account holder at the specified branch.

Easy way to find IDBI bank's IFSC code and MICR code?

If the customer knows the full name of the bank and its branch location then it is easy to find the IFSC and MICR code, the customer can find the codes in the passbook and cheque books of the specified bank which is printed on the passbook, or the website of RBI also offers the entire list of IFSC codes required for the account holder. Some third party website also shows the IFSC codes in their websites.

Some of the popular financial comparison sites display the table carrying IFSC codes for Bank of Baroda's branches throughout the India. Any account holder visiting the website has to choose the Bank IFSC code link present on the home page where 4 columns are displayed. Customers must feed some bank details like the state -> district -> branch -> to get the IFSC codes or MICR codes for IDBI bank. The website displays all details about the bank such as the phone number, address, of the branch, name, branch code, etc...

Idbi Bank Branch Details

• Andaman And Nicobar Island

• Andhra Pradesh

• Arunachal Pradesh

• Assam

• Bihar

• Chandigarh

• Chhattisgarh

• Dadra And Nagar Haveli

• Daman And Diu

• Delhi

• Goa

• Gujarat

• Haryana

• Himachal Pradesh

• Jammu And Kashmir

• Jharkhand

• Karnataka

• Kerala

• Madhya Pradesh

• Maharashtra

• Manipur

• Meghalaya

• Mizoram

• Nagaland

• Odisha

• Puducherry

• Punjab

• Rajasthan

• Sikkim

• Tamil Nadu

• Tripura

• Uttar Pradesh

• Uttarakhand

• West Bengal

About IDBI Bank

IBDI bank is a private institution bank which is controlled by the Reserve Bank of India, and it was established in 1964 to help the developing industries, in 1976 government of India took the ownership of the bank in their hands and controlled it, which made some of the principal for financial institution for co-ordinating the activities of institutions engaged in which is like financing, promoting and developing industry in India. IDBI was helpful in providing financial assistance, both in rupee[Indian money] and foreign currencies, for green-field projects and also for modernization, and diversification purposes.

IDBI bank has a total of 2095 branches across the nation and a total of 3394 ATM's in the country, along with CRM's [Customer Relationship Management]. IDBI bank works in four different sectors i.e. whole sale banking, retail banking, treasury banking, and other banking operations. In 2006 IDBI Bank took over United Western Bank Ltd, which made them double the number of branches and in 2011 it was named as IDBI Home Finance.

IDBI's Development Finance Institution Subsidiary of Life Insurance Corporation of India:

• IDBI Capital Markets & Securities
• IDBI Intech IDBI Asset Management
• IDBI MF Trustee Company
• IDBI Trusteeship Services and
• IDBI Federal Life Insurance Company.

IDBI bank has only one foreign branch in Dubai and along with 58 E- lounge, IDBI Dubai's branch also serves as an important factor in raising the foreign currency resource from the U.S.A, European markets and additonally Asian markets too.

The total asset value of IDBI bank is ?24,455crore in U.S. dollars it is (US$3.4 billion).

Products and services provided by the IDBI Bank:

Deposit Accounts: There are two types of accounts which can be used in the IDBI bank i.e. Savings Account and Current Account.

Loans:There are a total of five types of loan system which is provided by the IDBI Bank i.e. Home loan, Personal loan, Loan against Property, Car loan, Education loan.

Investments: There are two types of investments system in IDBI bank which is Fixed deposits and Recurring deposits.

Cards: There are two types of cards which are used in IDBI bank i.e. Debit cards and Credit cards.

Banking system:There are four types of Banking service provided in IDBI bank i.e. Balance enquiry, Mobile banking, Net banking, and Customer care services.

For further detail contact or write to IDBI bank and the address is given below;
ADDRESS:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.
Contact:- 1800-209-4324, 1800-22-1070.