If you are searching for the IFSC code of IDBI Bank, MADHAVARAM branch in MADHAVARAM, TAMIL NADU, this page has every detail you need. The verified IFSC code for this branch is IBKL0002324. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the MADHAVARAM branch, and detailed step-by-step guides for using the IFSC IBKL0002324 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for IDBI Bank – MADHAVARAM is IBKL0002324. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002324 map to this branch in MADHAVARAM, TAMIL NADU.
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Madhavaram branch in Madhavaram, Tamil Nadu is part of this network and uses the IFSC code IBKL0002324 for all electronic settlement.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Madhavaram |
| IFSC Code | IBKL0002324 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NO.326,MRH ROAD,MADHAVARAM,CHENNAI 600060 |
| City | Madhavaram |
| District | Thiruvallur |
| State | Tamil Nadu |
| STD Code | 91 |
| Phone | 9789033490 |
About this branch
The branch is located at NO.326,MRH ROAD,MADHAVARAM,CHENNAI 600060. It serves the Madhavaram region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of IDBI Bank. The IFSC IBKL0002324 is used to identify this branch on the RBI payments network.
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 MADHAVARAM branch came to be assigned the code IBKL0002324.
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 IBKL0002324, money simply cannot be routed to the MADHAVARAM branch electronically.
Account types you can open at the Madhavaram branch
Once you have an account at IDBI Bank – MADHAVARAM, the IFSC IBKL0002324 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Madhavaram branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9789033490.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC IBKL0002324
How to transfer money using IFSC IBKL0002324
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 IBKL0002324 across all three.
NEFT to IDBI Bank, MADHAVARAM using IFSC IBKL0002324
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC IBKL0002324, and confirm that the system picks up IDBI Bank – MADHAVARAM. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IBKL0002324
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 – MADHAVARAM, ensure your bank's portal accepts IFSC IBKL0002324 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – MADHAVARAM, use IMPS. With IFSC IBKL0002324 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0002324 for IDBI Bank – MADHAVARAM, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – IBKL0002324 | Yes – IBKL0002324 | Yes – IBKL0002324 |
For most retail customers crediting the Madhavaram branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
UPI payments and IFSC IBKL0002324
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 – MADHAVARAM is still mapped to IFSC IBKL0002324. 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 IBKL0002324 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Madhavaram branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC IBKL0002324 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
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 IBKL0002324 and the account number together uniquely identify the Madhavaram branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC IBKL0002324
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to IDBI Bank – MADHAVARAM, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
IBKL0002324. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Reaching the branch
The Madhavaram branch sits at NO.326,MRH ROAD,MADHAVARAM,CHENNAI 600060. If you are travelling from outside Madhavaram, search for the branch on a maps application using the bank name and locality, or call 91-9789033490 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 IBKL0002324 and your account number.
Verifying IFSC IBKL0002324 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 IBKL0002324 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9789033490.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Madhavaram are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to IBKL0002324 continue to work without interruption.
Branch address & contact
IDBI BankMadhavaram Branch
NO.326,MRH ROAD,MADHAVARAM,CHENNAI 600060
Madhavaram, Tamil Nadu
Phone: 91-9789033490
IFSC: IBKL0002324
Frequently asked questions
How quickly will an NEFT transfer using IBKL0002324 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Madhavaram reflect within 30 minutes.
What is the phone number of IDBI Bank Madhavaram branch?
You can reach the branch at 91-9789033490 during regular banking hours.
Is IFSC IBKL0002324 valid for NEFT and RTGS?
Yes. IFSC IBKL0002324 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add IDBI Bank Madhavaram as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0002324, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of IDBI Bank Madhavaram branch?
The IFSC code of IDBI Bank, Madhavaram branch is IBKL0002324. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is IDBI Bank Madhavaram branch located?
IDBI Bank's Madhavaram branch is located at NO.326,MRH ROAD,MADHAVARAM,CHENNAI 600060, Madhavaram, Tamil Nadu.
Is IFSC IBKL0002324 the same for all accounts at Madhavaram branch?
Yes. The IFSC IBKL0002324 is shared by every account held at IDBI Bank's Madhavaram branch. Only the account number changes from customer to customer.
Can I use IFSC IBKL0002324 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0002324 to send funds instantly.
Final notes
To recap: IBKL0002324 is the IFSC code of IDBI Bank, MADHAVARAM branch, in MADHAVARAM, 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.
