IDBI BANK IFSC CODE

IDBI IFSC CODE

The IDBI (Industrial Development Bank of India) which is one of the premier bank in India was was established in the year of 1964. After India's independence, Industrial growth was one of the most important goal for India. Thus, the RBI had set up several financial development institutes like NABARD, NHB, IDBI etc with a view of providing financial facilities for industrial development in the country. The bank has played a major role in making the nation stands on its feet in the financial domain.At present, the bank has a strong pan Indian base of more than 1900 branches and over 3000 ATMs all across the country.

In the vision statement of the bank states its goal to become the most trusted and preferred bank by giving priority to all its stake holders. Some of the product and services offered by the bank are loans, cards, corporate payroll account, locker facilities etc.

IFSC CODE

IFSC is refers to code which is used by the Indian Financial system to identify the bank and the bank branch at the time of money transaction. IFSC stands for Indian Financial System Code. The code is allotted by the Reserve Bank of India to identify the bank branch and it comprises of 11 unique characters. The first four characters of the bank depicts the name of the bank, then 0, followed by six characters which depict the bank branch. The IFSC Code is used in 2 modes of money settlement, they are RTGS (Real Time Gross Settlement) and NEFT (National Electronic Fund Transfer).

IFSC CODE OF IDBI BANK

In order to find the IFSC code of IDBI bank the following steps must be taken:

a) Visit the official website of IDBI bank.

b) Log in using username and password.

c) After successfully logginh in go t account summary where you can find the IFSC code of your bank branch.

d) The IFSC code of IDBI bank starts with IBKL , then 0 followed by 6 digit unique number that identfies the bank's branch.

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