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IDBI · Madurai

IBKL0002382: IDBI, Melur

IFSC code IBKL0002382 belongs to the Melur branch of IDBI in Madurai, Tamil Nadu. Its MICR code is 625259005.

IFSC
IBKL0002382
MICR
625259005
Bank
IDBI
Branch
Melur
District
Madurai
State
Tamil Nadu
Phone
+918589069333

Branch address

IDBI
Ashwin Mart,12b/2c,Alagarkoil Road,Melur -625106

Open in a map · Pincode 625106: 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 002382 is the code of the Melur branch. In the MICR code 625259005, 625 is the city, 259 the bank and 005 the branch.

Other IDBI branches in Madurai

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 Melur branch (Madurai, Tamil Nadu) is IBKL0002382.

  2. 625259005. MICR is printed at the bottom of the branch's cheques.

  3. Ashwin Mart,12b/2c,Alagarkoil Road,Melur -625106

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IBKL0002382 with the beneficiary's account number.

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