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