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Idbi Bank IFSC Code and MICR Code:

Idbi Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

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Idbi Bank IFSC Code

About IDBI Bank

Owned by the Indian government, IDBI bank is headquartered in Mumbai. Formerly it was known as Industrial Development Bank of India. The main motive behind establishing this bank in 1964 was to provide aid to the growing Indian industries. It is ranked as the 10th largest development bank all over the world. It has also got branches in Dubai, Beijing and Singapore. Indian government owns 27 commercial banks and IDBI is one of them. Its balance sheet aggregated to an amount of INR 3.56 trillion as estimated by the end of fiscal year 2014 - 15. In the year 2006 IDBI acquired the united Western Bank Santara. After this acquisition IDBI almost doubled its branches. IDBI banks shares are listed in both National stock exchange as well as Bombay stock exchange.

IDBI Bank Customer Service

It offers debt service products which include servicing the payments on interest, redemptions, dividend servicing and refund. Bank has also come up with an entirely new process through which the debt servicing business will work on a new dimension. It also offers its customers to collect cash from any of the locations present in its own network. It has also got tie ups with other correspondent banks to help its customers. IDBI bank offers outstation as well as local cheque collection through different products. IDBI federal income insurance, IDBI federal life insurance, IDBI federal loan insurance, IDBI federal retire insurance are some of the most popular products and services of the bank. IDBI bank has always helped in nation building. It has got its diverse networks in many different fields of banking and finances.

IFSC Code of IDBI Bank

Just like many other banks RTGS and NEFT are the two most common fund transfer techniques with IDBI bank too. To carry out the process through any of these electronic methods you will need the ifsc code of IDBI bank branch you are transacting with.
• It is an eleven character code.
• The first six characters are IBKL00*****.
• The next five digits of the IFSC code are unique to all the branches.
• It is different for each branch so that the branch can be easily identifiable.

How to Find IFSC Code of IDBI Bank

There are many options through which you can get the ifsc code of your bank branch. Either go to the bank and ask for it or search it on the internet. It is not a tricky task to do so. Quite simple and user friendly websites provide these details. You just need to enter the bank name, state name and district name along with the branch name to get the ifsc code. Narrowed search will help you in getting the code even more easily.

MICR Code of IDBI Bank

IDBI banks provide a MICR code which is machine readable. It helps in easy processing of cheques. When a cheque is sent for clearing this code is read by the device. One can easily find this code at the bottom of every cheque issued by the IDBI bank.

How to Find MICR Code of IDBI Bank

IDBI MICR code can be found online. There are lists provided on many websites. Or else you can also find it by narrowing your search by entering the state, bank branch name.

Other Popular Banks IFSC Code

Idbi Bank IFSC Code News:

Fraud in IDBI bank branch Dharampeth

Nagpur : The police department of Sitabuldi area has made an arrest of three people on account of charges of forgery and withdrawal of a huge amount from the IDBI bank account of one Mr. Vivek Vasantrao Gadkari. The total amount of the fraud was Rs 24.42 lakhs. The bank account of the victim was in Dharampeth branch of IDBI. Acting on the complaint the API if Sitabuldi booked the accused under the following sections of IPC

Section  465-Forgery

Section 467-Forgery of valuable security

Section 471-Using a forged electronic or other document as genuine

Section 420-Cheating and dishonestly delivering property

Section 511-Attempt to commit an offence punishable with life imprisonment or other imprisonment

2016/07/25 03:59 AM

IDBI appoints a new CFO -Mr RK Bansal

Mr RK bansal is a qualified CA with approximately 32 years of experience with IDBI in different capacities.

The bank said that according to the meeting conducted on June 29th, 2016 the board of directors of IDBI Ltd. has accepted the engagement of R.K Bansal as an Executive Director, CFO and  IDBI Personnel  Managerial with effect from July 1 2016

Earlier this post was held by Mr N.S. Venkatesh resigned as an Executive Director and the CFO who is leaving the bank on June 30th, 2016.

Compared to its previous closing on the BSE at 69.1 the share is now trading at Rs 70.2 which is an upward movement by Rs 1.1 or 1.59 %.  The share opened at Rs 69.7 and has touched a low of Rs 69.45 and a high of Rs. 70.4 respectively . The total number of shares traded on the counter were 1754691. The current market cup of the company was seen at Rs. 14226.41 Cr.

The share is a BSE group A stock and the 52 week high and low were Rs. 95.7 on 3 Dec 2015 and Rs 47.4 on 12 Feb 2016 respectively.

The last one week high and low of the share stood at Rs 70.3 and Rs 63.35 respectively.

The holding by promoters stood at Rs. 73.98 % whilst the non institutions and institutions held 7.41 % and 18.61 % respectively.

Most recently the stock was seen trading above its 200 DMA.


2016/07/01 10:03 PM

IDBI Bank launches its G-Sec Investment Facility

IDBI Bank recently has launched its G-Sec Investment Facility. This largely helps retail investors who can largely at present invest in government securities directly through ATMs in the open market. In the press release, the bank cited that it has "grandly inaugurated the nations first of its kind G-Sec Investment Facility through ATM for Retail Investors on 15th March 15, 2016". This facility is very unique in the banking sector. It will actually provide easy access to retail investors in order to invest successfully in government securities to a great extent. At Corporate Centre in Mumbai, in the state of Maharashtra, this particular service was proudly launched at the Banks ATM for its existing and potential esteemed customers. In G-Sec through any of the Banks ATMs, the esteemed retail customers of the Bank can directly register, one time for this particular facility plus invest as they wish without the assistance of bank staffs.

2016/04/07 06:18 AM

IDBI Bank to largely raise Rs 1,500 cr through selling stake to LIC

Recently, State-owned IDBI Bank stated that it perfectly plans in order to rise up to Rs 1,500 crore through selling stake to Life Insurance Corporation by preferential issuance of shares to the insurer. It is to be highly noted that IDBI Federal Life to be right title sponsor of Kolkata full Marathon Corporation Bank for gains as LIC proposes to largely acquire additional shares by preferential issue in the open market. IDBI Bank said in a press statement that the board has rightly approved the significant proposal for preferential issue of capital to Life Insurance Corporation of India which actually aggregating up to an amount of Rs 1,500 crore that is subject to Government of Indias approval in any given situations, circumstances and conditions. In IDBI Bank, various other schemes and LIC at present hold 7.25 per cent stake.

It is to be noted that up to USD 500 million through tier I bonds, the bank also got board right approval for rising to a great extent. On the other hand, the board has also perfectly approved immediate issuance of Basel III compliant Additional Tier 1 (AT 1) bonds up to USD 500 million in offshore markets in order to enhance tier 1 capital of the bank. In order to meet global rules and regulations on capital adequacy (Basel III), AT-1 bonds, that perfectly qualify as main or equity capital, that are one of the significant means of raising capital through public sector banks which largely require an amount of Rs 1.80 lakh crore by March 2019 in the open market.

2016/03/03 07:15 AM

IDBI Bank to largely raise $500 million through bonds

IDBI Bank has recently made significant decision to raise up to approximately USD 500 million via Tier I bonds in the open market. On February 12, 2016, at its meeting held, the Board of Directors of the Bank has largely approved issuance of Basel III compliant Additional Tier 1 (AT 1) Bonds in the offshore markets nearly USD 500 million in order to enhance its Tier 1 capital. AT-1 bonds, that qualifies as equity or core capital. It is to be remembered that it is one of the means of successfully raising capital through public sector banks which immediately require Rs 1.80 lakh crore by March 2019 in order to meet global rules and regulations on capital adequacy (Basel III).

It is to be highly noted that IDBI Bank is the new generation and youngest public sector universal bank which largely rides with strong service orientation on a cutting edge Core Banking platform. On the other hand, IDBI Bank is an Indian government-owned financial service company which was formerly known as Industrial Development Bank of Indiain the open market. Its headquarter is located in Mumbai, in the state of Maharashtra, in India. In 1964, it was established by an Act of Parliament in order to provide credit plus other financial facilities for the growth and development of the fledgling Indian industry. This deals with Products such as consumer banking, finance and insurance, corporate banking, investment banking, private banking, mortgage loans, private equity, Agriculture Loan and wealth management. On 31 March 2015, The Bank had an aggregate balance sheet size of an amount of INR 3.56 trillion in the open market.

2016/02/18 06:10 AM

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