Idbi Bank

Idbi Bank IFSC and MICR Codes


Idbi Bank

IFSC code, MICR code and Bank Branches in India

Idbi Bank IFSC Code

If you want to transfer money from one account to another using NEFT, RTGS or IMPS now you don’t have to go to bank as you can do it online using IFSC code.
IDBI bank IFSC Code is a unique alphanumeric code of 11 characters. The first four characters give the name of the bank. The fifth character is always a zero. The last six characters are characters which give the branch details.
IFSC code is different for every branch and is issued and maintained by Reserve Bank of India (RBI). RBI issues IFSC code to those bank branches which participate in electronic money transfer.

Where you can find IFSC code?
You can search for IFSC code online on easily. We have a tool—“IFSC code locator” under our tools section that gives the IFSC of the branch selected. You need to select the bank, state, city and branch name to get the IFSC code. This tool will also give you the complete address of that particular branch.
It will also give you the MICR (magnetic ink character recognition code). It is a unique nine digit code. It is used my banking system to ease the process of clearance of cheques and other documents.
You can also find IDBI bank’s IFSC code and MICR code on the bottom of your cheque leaf.

About Idbi Bank

Headquartered in Mumbai, the bank started as a development financial institution while it entered the commercial banking space in year 2004 after IDBI bank limited was merged with IDBI. It is a government owned bank.