IFSC Code of IDFC First Bank Limited, Indore Cloth Market Branch Branch, Madhya Pradesh

Below are the complete branch details for IDFC First Bank Limited, INDORE CLOTH MARKET BRANCH branch, located in INDORE, MADHYA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is IDFB0041277. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case IDFB0041277 for IDFC First Bank Limited – INDORE CLOTH MARKET BRANCH — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For IDFC First Bank Limited's INDORE CLOTH MARKET BRANCH branch, the IFSC IDFB0041277 breaks down as follows: IDFB identifies the bank, 0 is the reserved character, and 041277 identifies this particular branch.

Branch details at a glance

Bank profile

IDFC First Bank Limited is among the recognised banks listed on the Reserve Bank of India's payments network. The Indore Cloth Market Branch branch — IFSC IDFB0041277 — extends the bank's services to customers in and around Indore, Madhya Pradesh.

Indore Cloth Market Branch branch overview

Located at SHOP NO. 101 AND 102, FIRST FLOOR,PLOT NO. 34 TO 38, PUSHPARATNA THAKURIA, HUKAMCHAND MARG, ITWARIYA BAJAR ROAD, INDORE,MADHYA PRADESH - 452003 TOLLFREE NO - 18602582000, the Indore Cloth Market Branch branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IDFB0041277 is required for all interbank electronic transfers routed through this branch.

Why every IDFC First Bank Limited branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including INDORE CLOTH MARKET BRANCH of IDFC First Bank Limited — its own 11-character IFSC. The code IDFB0041277 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC IDFB0041277 the same way you would treat your account number — verify it once and save it carefully for future use.

How to transfer money using IFSC IDFB0041277

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 IDFB0041277 across all three.

NEFT to IDFC First Bank Limited, INDORE CLOTH MARKET BRANCH using IFSC IDFB0041277

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 IDFB0041277, and confirm that the system picks up IDFC First Bank Limited – INDORE CLOTH MARKET BRANCH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to INDORE CLOTH MARKET BRANCH

If you need to transfer ₹2 lakh or more in one go to an account at IDFC First Bank Limited's INDORE CLOTH MARKET BRANCH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDFB0041277 while initiating the transfer and the credit will appear within minutes.

IMPS to IDFC First Bank Limited INDORE CLOTH MARKET BRANCH (IFSC IDFB0041277)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDFB0041277 in your mobile or internet banking app, and the money is credited to the INDORE CLOTH MARKET BRANCH branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Indore Cloth Market Branch

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 IDFB0041277:

• 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 INDORE CLOTH MARKET BRANCH is still linked to IFSC IDFB0041277.

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 IDFB0041277

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 IDFC First Bank Limited – INDORE CLOTH MARKET BRANCH is still mapped to IFSC IDFB0041277. 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 IDFB0041277 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Indore Cloth Market Branch branch is mapped to IFSC IDFB0041277 on the RBI payments network. The branch generally supports the full retail product catalogue of IDFC First Bank Limited, 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 IDFB0041277.

Products and services

Customers walking into the Indore Cloth Market Branch branch can access most of IDFC First Bank Limited'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 IDFB0041277

MICR & cheque-truncation details

Cheques drawn on the Indore Cloth Market Branch branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDFB0041277 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC IDFB0041277

IDFC First Bank Limited customers can register for net banking and the bank's official mobile app once their account at the INDORE CLOTH MARKET BRANCH 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 IDFB0041277 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.

Common mistakes to avoid when using IFSC IDFB0041277

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 IDFC First Bank Limited – INDORE CLOTH MARKET BRANCH, 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: IDFB0041277.
• 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.

How to reach the Indore Cloth Market Branch branch

The branch is located at SHOP NO. 101 AND 102, FIRST FLOOR,PLOT NO. 34 TO 38, PUSHPARATNA THAKURIA, HUKAMCHAND MARG, ITWARIYA BAJAR ROAD, INDORE,MADHYA PRADESH - 452003 TOLLFREE NO - 18602582000, which puts it inside Indore, the broader Indore district, and the state of Madhya Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “IDFC First Bank Limited Indore Cloth Market Branch branch” — the verified location pin for IFSC IDFB0041277 should appear at the top of the results.
2. Confirm the branch is open by calling the branch contact number before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC IDFB0041277 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IDFB0041277 for IDFC First Bank Limited – INDORE CLOTH MARKET BRANCH, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

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 Indore Cloth Market Branch branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDFB0041277, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: IDFB0041277 is the IFSC code of IDFC First Bank Limited, INDORE CLOTH MARKET BRANCH branch, in INDORE, MADHYA PRADESH. 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.