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IDBI · South Goa

IBKL0001616: IDBI, Colva

IFSC code IBKL0001616 belongs to the Colva branch of IDBI in South Goa, Goa. Its MICR code is 403259005.

IFSC
IBKL0001616
MICR
403259005
Bank
IDBI
Branch
Colva
District
South Goa
State
Goa
Phone
+919665520997

Branch address

IDBI
G3,G4 Westerlies E Block,Vanelim,Margoa Colva Road

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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 001616 is the code of the Colva branch. In the MICR code 403259005, 403 is the city, 259 the bank and 005 the branch.

Other IDBI branches in South Goa

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 Colva branch (South Goa, Goa) is IBKL0001616.

  2. 403259005. MICR is printed at the bottom of the branch's cheques.

  3. G3,G4 Westerlies E Block,Vanelim,Margoa Colva Road

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IBKL0001616 with the beneficiary's account number.

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