Institute for Development and Research in Banking Technology

RBI has allotted the Indian Financial System Code in short denoted as IFSC codes to all the bank branches in India. IFSC codes are unique 11-digit codes with alphanumeric characters. These codes help the users to ensure that the transferred funds go to the right person account, without any errors.

For example, we can take the IFSC code: “RBIH0000000” - of Institute for Development and Research in Banking Technology branch in Hyderabad, Telangana.

• Here, the first four alphabets, RBIH, indicate the bank name, i.e., Institute for Development and Research in Banking Technology.
• The fifth digit is 0 (zero) - provided for future use
• The last six digits 000000 - denotes a particular branch of Hyderabad, Telangana.

This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Institute for Development and Research in Banking Technology account or to other bank accounts. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via, NEFT and RTGS to any bank in India. This code helps to avoid the risk factor while sending and receiving funds through banks in our country.

Easy way to find Institute for Development and Research in Banking Technology IFSC Code and MICR Code?

The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by Institute for Development and Research in Banking Technology. The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter into the bank’s official website.

Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes.

About IDRBT Bank

• Institute for Development and Research in Banking Technology (IDRBT) was established by Reserve Bank of India in March 1996 as an Autonomous Center for Development and Research in Banking Technology. Its headquarters is located at Hyderabad, India.


• In the first phase of reforms in the Indian Banking and Financial Sector, a need was felt to develop an Institute of Higher Learning, which would also provide Information Technology support to Banks and all other Financial Institutions.


• The foundation for Information Technology in the Indian Banking and Financial Sector was laid by Dr. Rangarajan Committee’s. The two reports of the committee’s in the years 1984 and 1989 strongly recommended computerisation in banking operations at several levels.


• The committee suggested setting up an Information Technology Institute for the purpose of Research and Development as well as Consultancy in the application of technology to the Banking and Financial Sector in the nation.


• As per the Committee’s recommendation, the Institute for Development and Research in Banking Technology (IDRBT) was established as an Autonomous Center for Development and Research in Banking Technology.


• The vision of the Institute for Development and Research in Banking Technology is to be the premier and preferred Research and Development Institution on Financial Sector Technology and its Management, working at the intersection of Banking and Technology for Indian Banking."


• The mission of the Institute for Development and Research in Banking Technology is to envision and foresee technology requirements of the Indian Banking and Financial Sector and Research & Develop the required technologies and to incubate and develop state-of-the-art banking technology products and services to facilitate better and easier banking.

Address : Castle Hills, Road No.1, Masab Tank,
Hyderabad-500 057.
Telephone: +91 (40) 2329 4000/4999.
Fax: +91 (40) 2353 5157.
Email: publisher@idrbt.ac.in