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IDBI · Ratlam

IBKL0002241: IDBI, IDBI Bank, Jaora

IFSC code IBKL0002241 belongs to the IDBI Bank, Jaora branch of IDBI in Ratlam, Madhya Pradesh. Its MICR code is 457259005.

IFSC
IBKL0002241
MICR
457259005
Bank
IDBI
Branch
IDBI Bank, Jaora
District
Ratlam
State
Madhya Pradesh
Phone
+917414243370

Branch address

IDBI
85,Somwariya,Jaora

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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 002241 is the code of the IDBI Bank, Jaora branch. In the MICR code 457259005, 457 is the city, 259 the bank and 005 the branch.

Other IDBI branches in Ratlam

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 IDBI Bank, Jaora branch (Ratlam, Madhya Pradesh) is IBKL0002241.

  2. 457259005. MICR is printed at the bottom of the branch's cheques.

  3. 85,Somwariya,Jaora

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IBKL0002241 with the beneficiary's account number.

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