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IDBI · Chennai

IBKL0002324: IDBI, Madhavaram

IFSC code IBKL0002324 belongs to the Madhavaram branch of IDBI in Chennai, Tamil Nadu. Its MICR code is 600259045.

IFSC
IBKL0002324
MICR
600259045
Bank
IDBI
Branch
Madhavaram
District
Chennai
State
Tamil Nadu
Phone
+919789033490

Branch address

IDBI
No.326,MRH Road,Madhavaram,Chennai 600060

Open in a map · Pincode 600060: 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 002324 is the code of the Madhavaram branch. In the MICR code 600259045, 600 is the city, 259 the bank and 045 the branch.

Other IDBI branches in Chennai

All 37 IDBI branches in Chennai

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 Madhavaram branch (Chennai, Tamil Nadu) is IBKL0002324.

  2. 600259045. MICR is printed at the bottom of the branch's cheques.

  3. No.326,MRH Road,Madhavaram,Chennai 600060

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IBKL0002324 with the beneficiary's account number.

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