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IDBI · East Nimar

IBKL0000547: IDBI, Khandwa

IFSC code IBKL0000547 belongs to the Khandwa branch of IDBI in East Nimar, Madhya Pradesh. Its MICR code is 450259101.

IFSC
IBKL0000547
MICR
450259101
Bank
IDBI
Branch
Khandwa
District
East Nimar
State
Madhya Pradesh
Phone
+919977702224

Branch address

IDBI
Chhabada Market Bombay Bazar, P B No. 36, Khandwa, Pincode - 450001

Open in a map · Pincode 450001: post offices and area

Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

IBKL is IDBI's bank code, the fifth character 0 is kept for future use, and 000547 is the code of the Khandwa branch. In the MICR code 450259101, 450 is the city, 259 the bank and 101 the branch.

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of IDBI's Khandwa branch (East Nimar, Madhya Pradesh) is IBKL0000547.

  2. 450259101. MICR is printed at the bottom of the branch's cheques.

  3. Chhabada Market Bombay Bazar, P B No. 36, Khandwa, Pincode - 450001

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IBKL0000547 with the beneficiary's account number.

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