There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Idfc First Bank Ltd for its Besant Nagar Branch branch in Chennai, Chennai, Tamil Nadu, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Idfc First Bank Ltd situated in Chennai or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code IDFB0080125. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Idfc First Bank Ltd, Besant Nagar Branch, Chennai
The table below shows the main details of the IFSC Code IDFB0080125 for the Idfc First Bank Ltd branch in Chennai, which falls under the Chennai district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Idfc First Bank Ltd |
| IFSC Code | IDFB0080125 |
| Branch | Besant Nagar Branch |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| Address | Ground Floor, Kkv Towers, T24, 7Th Avenue, Besant Nagar, Opp. Vailankani Shrine, Chennai-600090, Toll Free No 18004194332 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Idfc First Bank Ltd in Chennai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDFB0080125 for the Besant Nagar Branch branch of Idfc First Bank Ltd has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Idfc First Bank Ltd located in Besant Nagar Branch, Chennai, Tamil Nadu, are given a unique IFSC like IDFB0080125 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Chennai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Chennai and Chennai.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Idfc First Bank Ltd in Besant Nagar Branch goes to the correct branch. This is important because Idfc First Bank Ltd has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IDFB0080125
The format of the IFSC Code for banks, including Idfc First Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Idfc First Bank Ltd, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Besant Nagar Branch in Chennai.
For example, the IFSC Code IDFB0080125 of Idfc First Bank Ltd for the Besant Nagar Branch branch includes these elements, identifying the bank and the branch location in Chennai and Tamil Nadu accurately.
How to Find IFSC Code for Idfc First Bank Ltd?
If you are trying to find the IFSC Code IDFB0080125 of Idfc First Bank Ltd for its Besant Nagar Branch branch located in Chennai, the following methods can help:
Cheque Book
The cheque book issued by Idfc First Bank Ltd includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Idfc First Bank Ltd branches in Chennai and Chennai, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Idfc First Bank Ltd and navigate to the branch locator section. Search for Besant Nagar Branch or Chennai to get the exact IFSC Code IDFB0080125.
Mobile Banking App
If you use Idfc First Bank Ltd's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Idfc First Bank Ltd and Chennai, you'll get the correct details.
How to Use IFSC Code IDFB0080125 for Online Transfers?
Once you have the IFSC Code IDFB0080125 for the Besant Nagar Branch branch of Idfc First Bank Ltd in Chennai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IDFB0080125. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Idfc First Bank Ltd IFSC Code IDFB0080125.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Idfc First Bank Ltd Besant Nagar Branch in Chennai, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Idfc First Bank Ltd in Besant Nagar Branch, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Idfc First Bank Ltd website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Chennai manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Besant Nagar Branch Chennai branch is IDFB0080125.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor, Kkv Towers, T24, 7Th Avenue, Besant Nagar, Opp. Vailankani Shrine, Chennai-600090, Toll Free No 18004194332.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.