Use this page as a one-stop reference for everything related to IDBI Bank's PARRYS CORNER branch in CHENNAI, TAMIL NADU. The branch's IFSC code IBKL0000907 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, IBKL0000907 is the IFSC of IDBI Bank's PARRYS CORNER branch. The format is fixed: IBKL = bank code, 0 = reserved, 000907 = branch identifier.
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Parrys Corner branch in Chennai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, IBKL0000907.
About the Parrys Corner branch
The Parrys Corner branch of IDBI Bank is situated at HARI NIVAS TOWERS,NO 163,THAMBU CHETTY STREET,PARRYS CORNER,CHENNAI 600001. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code IBKL0000907 is used.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Parrys Corner |
| IFSC Code | IBKL0000907 |
| MICR Code | Refer to cheque leaf |
| Branch Address | HARI NIVAS TOWERS,NO 163,THAMBU CHETTY STREET,PARRYS CORNER,CHENNAI 600001 |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| STD Code | 91 |
| Phone | 8639693285 |
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how IDBI Bank's PARRYS CORNER branch came to be assigned the code IBKL0000907.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC IBKL0000907, money simply cannot be routed to the PARRYS CORNER branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by IDBI Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IBKL0000907 and the account number together uniquely identify the Parrys Corner branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IBKL0000907
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC IBKL0000907 across all three.
How to use IFSC IBKL0000907 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's PARRYS CORNER branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC IBKL0000907.
- Confirm the bank name auto-populates as IDBI Bank and the branch as PARRYS CORNER.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IBKL0000907
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to IDBI Bank – PARRYS CORNER, ensure your bank's portal accepts IFSC IBKL0000907 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – PARRYS CORNER, use IMPS. With IFSC IBKL0000907 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Parrys Corner
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IBKL0000907:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at PARRYS CORNER is still linked to IFSC IBKL0000907.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
UPI payments and IFSC IBKL0000907
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at IDBI Bank – PARRYS CORNER is still mapped to IFSC IBKL0000907. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC IBKL0000907 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Parrys Corner branch is mapped to IFSC IBKL0000907 on the RBI payments network. The branch generally supports the full retail product catalogue of IDBI Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains IBKL0000907.
Products and services
Customers walking into the Parrys Corner branch can access most of IDBI Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC IBKL0000907
Online banking and IFSC IBKL0000907
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the PARRYS CORNER branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC IBKL0000907 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Reaching the branch
The Parrys Corner branch sits at HARI NIVAS TOWERS,NO 163,THAMBU CHETTY STREET,PARRYS CORNER,CHENNAI 600001. If you are travelling from outside Chennai, search for the branch on a maps application using the bank name and locality, or call 91-8639693285 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC IBKL0000907 and your account number.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to IDBI Bank – PARRYS CORNER:
- The IFSC is exactly IBKL0000907 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills IDBI Bank as the bank name and PARRYS CORNER as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Parrys Corner branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0000907, however, work 24x7.
Verifying IFSC IBKL0000907 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm IBKL0000907 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-8639693285.
- Visiting the bank's official branch locator page.
Branch address & contact
IDBI BankParrys Corner Branch
HARI NIVAS TOWERS,NO 163,THAMBU CHETTY STREET,PARRYS CORNER,CHENNAI 600001
Chennai, Tamil Nadu
Phone: 91-8639693285
IFSC: IBKL0000907
Frequently asked questions
Can I use IFSC IBKL0000907 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000907 to send funds instantly.
Does IDBI Bank Parrys Corner branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-8639693285 to confirm.
Is IFSC IBKL0000907 valid for NEFT and RTGS?
Yes. IFSC IBKL0000907 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Parrys Corner branch but serve different purposes.
Where is IDBI Bank Parrys Corner branch located?
IDBI Bank's Parrys Corner branch is located at HARI NIVAS TOWERS,NO 163,THAMBU CHETTY STREET,PARRYS CORNER,CHENNAI 600001, Chennai, Tamil Nadu.
How quickly will an NEFT transfer using IBKL0000907 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Parrys Corner reflect within 30 minutes.
Final notes
To recap: IBKL0000907 is the IFSC code of IDBI Bank, PARRYS CORNER branch, in CHENNAI, TAMIL NADU. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
