IFSC Code, MICR Codes for IDBI BANK in DELHI - NEW DELHI - DELHI - PALAM

IDBI BANK RTGS HO Branch in DELHI - Address, IFSC, MICR Code


IFSC Code

IBKL0000169

MICR Code

110259016

Branch

PALAM

Contact

0

Address

A-1/20 VIJAY ENCLAVE PALAM DABRI ROAD PALAM:-110 045

City

DELHI

District

NEW DELHI

State

DELHI





What is IFSC Code of IDBI BANK situated at PALAM- RTGS-HO?
IFSC Code of IDBI BANK situated at PALAM - RTGS-HO is

IBKL0000169

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.