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IFSC code stands for the Indian Financial System Code and is an exclusive 11-digit code that comprises a combination of alphabets and numbers. They have been created quite uniquely to represent the bank’s name, as the first four alphabetical characters stand for the bank code, and the last six numbers stand for the branch code.


This code is utilized for all kinds of electronic fund transfers that you may want to initiate, such as Immediate Payment Service (IMPS), National Electronic Fund Transfer (NEFT), and Real-Time Gross Settlement (RTGS). This code fundamentally represents the bank’s branch in India and ensures that the process of transferring funds is safe and convenient for all customers.


Each IDBI IFSC code is unique to its city and state and will differ from city to city and even branch to branch. Hence, it is mandatory for the customer that before initiating any transfers via net banking, the right IFSC code of the beneficiary must be entered. If he/she fails to do that, they may fall into trouble, as the transaction may not go through.

How to Search for IDBI IFSC and MICR Codes

IFSC codes and MICR codes can be acquired as long as the customer is aware of the bank name and the IDBI bank branch. The other way is to use the Internet to search for the code or it can also be procured on the official website of the particular bank. Another method is to simply find it printed on the cheque book of the bank as well.


Third-Party websites also offer a convenient way to find the bank IFSC code by simply logging in and clicking on the concerned tab. On entering the required information, the website will generate the IFSC and IDBI Bank MICR codes of the bank along with information such as the number, address, branch code, and much more.

How to Find IDBI Bank MICR Code and IFSC Code Online

As tedious as it may sound, it is actually quite simple to find the IDBI Bank MICR Code and IFSC Code online. All you need to do is follow some easy steps and get all the information with just a click of a button:

  • Firstly, you can go to the bank’s official website or visit the RBI website.

  • The next step would be to enter the required information.

  • After which the IFSC and MICR codes will automatically be displayed.

How to Find IDBI Bank IFSC Code and MICR Code Offline

As simple as it is to discover the IDBI Bank IFSC Codes and MICR Codes online, it is equally straightforward to find them offline. The most convenient method to find the IFSC code would be to refer to the bank’s cheque book as the code is mentioned on them. The MICR code can also be discovered on the cheque book leaves as well as the bank passbook.

How to Transfer Money using IDBI Bank NEFT and RTGS Procedures

IDBI Bank customers can easily make online fund transfers using IDBI bank NEFT and RTGS procedures. Here’s how you can go about doing it:

National Electronic Funds Transfer (NEFT)

NEFT transactions are performed in groups and have a particular timing within which the bank transfers the funds. Let’s assume you have debited the amount to the beneficiary within the specific time frame, it will be transferred on the same day. If not, the money will be sent the next day as per the rules of the bank. To perform an NEFT, you will need the name of the beneficiary, their bank and branch, account number, IFSC code, and, lastly, the exact amount.


Real-Time Gross Settlement System (RTGS)


Unlike NEFT, Real-Time Gross Settlement System (RTGS) transfers are done on a distinct basis which clearly means that the funds are organized to be transferred individually and not batch-wise. RTGS is a very safe and super convenient way as the transactions can be completed within the day as long as they are initiated within the designated timeline. To perform an RTGS, the information required is the customer’s name, bank and branch details, IFSC code, account number, and remittance amount.

IDBI RTGS/ NEFT/ ECS Fees and Charges

The fees and charges vary for RTGS, ECS, and NEFT transactions with IDBI bank. Here's some quick information for customers who wish to know more:

For RTGS, the outward charges are Rs. 1.50 per Rs. 1000. The minimum is Rs. 100, and the maximum is Rs 1500. For ECS, the inward and outward transactions are absolutely free for IDBI customers. For NEFT, Inward transactions are free, but the outward transactions are charged at Rs. 25 per transaction.


The Industrial Development Bank of India was founded in 1964 and is owned by the Government of India. It is now a universal bank headquartered in Mumbai with thousands of IDBI bank branches and ATMs in the country and some abroad. It provides all kinds of financial facilities to customers in the country, such as loans, deposits, investments, and a 24 X 7 efficient customer service. As a trusted partner and a preferred financial source, the bank aims to build lasting relationships with its loyal clients.


  • ✔️What is the MICR number of IDBI Bank?

    The MICR number is located at the bottom of a cheque.

  • ✔️Why is IDBI Bank IFSC code required?

    In order to identify a specific IDBI bank branch, an IFS code is required during an NEFT/ RTGS transaction.

  • ✔️Where can I find IDBI Bank IFSC Code for a specific branch?

    IDBI Bank’s IFSC code for a specific branch can be found on the RBIs official website and can be found on the cheque book.

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