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IDBI · Bengaluru Urban

IBKL0001620: IDBI, Banaswadi

IFSC code IBKL0001620 belongs to the Banaswadi branch of IDBI in Bengaluru Urban, Karnataka. Its MICR code is 560259029.

IFSC
IBKL0001620
MICR
560259029
Bank
IDBI
Branch
Banaswadi
District
Bengaluru Urban
State
Karnataka
Phone
+919686482147

Branch address

IDBI
No 14 , 7th Main, 80 Feet Road, S B Palya Extn , Banaswadi

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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 001620 is the code of the Banaswadi branch. In the MICR code 560259029, 560 is the city, 259 the bank and 029 the branch.

Other IDBI branches in Bengaluru Urban

All 47 IDBI branches in Bengaluru Urban

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 Banaswadi branch (Bengaluru Urban, Karnataka) is IBKL0001620.

  2. 560259029. MICR is printed at the bottom of the branch's cheques.

  3. No 14 , 7th Main, 80 Feet Road, S B Palya Extn , Banaswadi

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IBKL0001620 with the beneficiary's account number.

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