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IDBI · Medchal

IBKL0001636: IDBI, Medchal

IFSC code IBKL0001636 belongs to the Medchal branch of IDBI in Medchal, Andhra Pradesh. Its MICR code is 500259024.

IFSC
IBKL0001636
MICR
500259024
Bank
IDBI
Branch
Medchal
District
Medchal
State
Andhra Pradesh
Phone
+918418220088

Branch address

IDBI
H No 1 37,RTC Colony.Beside Mukund Theatre,Medchal 501401

Open in a map · Pincode 501401: 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 001636 is the code of the Medchal branch. In the MICR code 500259024, 500 is the city, 259 the bank and 024 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 Medchal branch (Medchal, Andhra Pradesh) is IBKL0001636.

  2. 500259024. MICR is printed at the bottom of the branch's cheques.

  3. H No 1 37,RTC Colony.Beside Mukund Theatre,Medchal 501401

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IBKL0001636 with the beneficiary's account number.

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