IFSC code for IDFC FIRST Bank, Bkc-naman chambers branch, Mumbai, Maharashtra
Updated on: Wednesday, January 1, 2025
IFSC CODE
IDFB0040101
IDFC FIRST Bank
Bkc-naman Chambers Branch, Mumbai, Maharashtra
Address
Ground Floor Naman Chambers, C-32, G-block, Bandra-kurla Complex, Bandra East,mumbai 400051
IDFC FIRST Bank
Bkc-naman Chambers Branch, Mumbai, Maharashtra
Address
Ground Floor Naman Chambers, C-32, G-block, Bandra-kurla Complex, Bandra East,mumbai 400051
Bank Details
IFSC Code
IDFB0040101
MICR Code
400751002
Bank Code
(Based on IFSC)
IDFB
Bank Code
(Based on MICR)
751
Contact
+912242423504
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IFSC Code of IDFC FIRST Bank
Every IDFC FIRST Bank branch in India has a unique IDFC FIRST Bank IFSC Code. IDFC FIRST Bank IFSC Code enables IDFC FIRST Bank account holders to send and receive money electronically. IDFC FIRST Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of IDFC FIRST Bank IFSC Code IDFB0040101
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., IDFB, denotes the name of the bank which is IDFC FIRST Bank.
The fifth character is 0.
The last six digits of the code, i.e., 040101, represents the branch which is IDFC FIRST Bank
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MICR Code of IDFC FIRST Bank
Every IDFC FIRST Bank branch in India has a unique IDFC FIRST Bank MICR Code. MICR code for IDFC FIRST Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of IDFC FIRST Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
