IFSC Code of IDFC First Bank Limited, New Delhi Saket Branch Branch, Delhi

Use this page as a one-stop reference for everything related to IDFC First Bank Limited's NEW DELHI SAKET BRANCH branch in NEW DELHI, DELHI. The branch's IFSC code IDFB0020142 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.

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 NEW DELHI SAKET BRANCH branch, the IFSC IDFB0020142 breaks down as follows: IDFB identifies the bank, 0 is the reserved character, and 020142 identifies this particular branch.

Branch details at a glance

About the bank

IDFC First Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its New Delhi Saket Branch branch in New Delhi, Delhi is part of this network and uses the IFSC code IDFB0020142 for all electronic settlement.

New Delhi Saket Branch branch overview

Located at UPPER GROUND FLOOR, E-154, SAKET NEW DELHI - 110017, TOLL FREE NO.- 18004194332, the New Delhi Saket 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 IDFB0020142 is required for all interbank electronic transfers routed through this branch.

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 IDFC First Bank Limited's NEW DELHI SAKET BRANCH branch came to be assigned the code IDFB0020142.

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 IDFB0020142, money simply cannot be routed to the NEW DELHI SAKET BRANCH branch electronically.

How to transfer money using IFSC IDFB0020142

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 IDFB0020142 across all three.

How to use IFSC IDFB0020142 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDFC First Bank Limited's NEW DELHI SAKET BRANCH 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC IDFB0020142.
4. Confirm the bank name auto-populates as IDFC First Bank Limited and the branch as NEW DELHI SAKET BRANCH.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to NEW DELHI SAKET BRANCH

If you need to transfer ₹2 lakh or more in one go to an account at IDFC First Bank Limited's NEW DELHI SAKET BRANCH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDFB0020142 while initiating the transfer and the credit will appear within minutes.

IMPS to IDFC First Bank Limited NEW DELHI SAKET BRANCH (IFSC IDFB0020142)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDFB0020142 in your mobile or internet banking app, and the money is credited to the NEW DELHI SAKET BRANCH branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to New Delhi Saket 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 IDFB0020142:

• 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 NEW DELHI SAKET BRANCH is still linked to IFSC IDFB0020142.

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 IDFB0020142

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 – NEW DELHI SAKET BRANCH is still mapped to IFSC IDFB0020142. 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 IDFB0020142 and the beneficiary's account number to complete the transfer.

Account types you can open at the New Delhi Saket Branch branch

Once you have an account at IDFC First Bank Limited – NEW DELHI SAKET BRANCH, the IFSC IDFB0020142 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.

Products and services

Customers walking into the New Delhi Saket 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 IDFB0020142

MICR & cheque-truncation details

Cheques drawn on the New Delhi Saket Branch branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDFB0020142 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC IDFB0020142

IDFC First Bank Limited customers can register for net banking and the bank's official mobile app once their account at the NEW DELHI SAKET 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 IDFB0020142 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 IDFB0020142

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 – NEW DELHI SAKET 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: IDFB0020142.
• 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 New Delhi Saket Branch branch

The branch is located at UPPER GROUND FLOOR, E-154, SAKET NEW DELHI - 110017, TOLL FREE NO.- 18004194332, which puts it inside New Delhi, the broader South Delhi district, and the state of Delhi. To plan your visit:

1. Open Google Maps on your phone and search for “IDFC First Bank Limited New Delhi Saket Branch branch” — the verified location pin for IFSC IDFB0020142 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 IDFB0020142 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IDFB0020142 for IDFC First Bank Limited – NEW DELHI SAKET 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.

Working hours

Branch counters at New Delhi Saket Branch 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 IDFB0020142 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: IDFB0020142 is the IFSC code of IDFC First Bank Limited, NEW DELHI SAKET BRANCH branch, in NEW DELHI, DELHI. 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.