If you are searching for the IFSC code of IDFC First Bank Limited, PANJIM BRANCH branch in PANJIM, GOA, this page has every detail you need. The verified IFSC code for this branch is IDFB0042401. 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 PANJIM BRANCH branch, and detailed step-by-step guides for using the IFSC IDFB0042401 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.
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 PANJIM BRANCH branch, the IFSC IDFB0042401 breaks down as follows: IDFB identifies the bank, 0 is the reserved character, and 042401 identifies this particular branch.
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 Panjim Branch branch in Panjim, Goa is part of this network and uses the IFSC code IDFB0042401 for all electronic settlement.
Branch details at a glance
| Bank Name | IDFC First Bank Limited |
|---|---|
| Branch | Panjim Branch |
| IFSC Code | IDFB0042401 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MEZZANINE GROUND FLOOR SHOP NO.1 2 3 4 5 COLVALCAR CENTAUR OPP.PARADE GROUND CAMPAL PANAJI, GOA-403001 |
| City | Panjim |
| District | North Goa |
| State | Goa |
| STD Code | 0 |
| Phone | 9823280611 |
About the Panjim Branch branch
The Panjim Branch branch of IDFC First Bank Limited is situated at MEZZANINE GROUND FLOOR SHOP NO.1 2 3 4 5 COLVALCAR CENTAUR OPP.PARADE GROUND CAMPAL PANAJI, GOA-403001. 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 IDFB0042401 is used.
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 PANJIM BRANCH of IDFC First Bank Limited — its own 11-character IFSC. The code IDFB0042401 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 IDFB0042401 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Panjim Branch branch is mapped to IFSC IDFB0042401 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 IDFB0042401.
Products and services
Customers walking into the Panjim 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 IDFB0042401
How to transfer money using IFSC IDFB0042401
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 IDFB0042401 across all three.
How to use IFSC IDFB0042401 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDFC First Bank Limited's PANJIM 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).
- 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 IDFB0042401.
- Confirm the bank name auto-populates as IDFC First Bank Limited and the branch as PANJIM BRANCH.
- 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 PANJIM BRANCH
If you need to transfer ₹2 lakh or more in one go to an account at IDFC First Bank Limited's PANJIM BRANCH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDFB0042401 while initiating the transfer and the credit will appear within minutes.
IMPS to IDFC First Bank Limited PANJIM BRANCH (IFSC IDFB0042401)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDFB0042401 in your mobile or internet banking app, and the money is credited to the PANJIM BRANCH branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Panjim 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 IDFB0042401:
- 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 PANJIM BRANCH is still linked to IFSC IDFB0042401.
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 IDFB0042401
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 – PANJIM BRANCH is still mapped to IFSC IDFB0042401. 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 IDFB0042401 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 Panjim Branch 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 IDFB0042401 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 IDFC First Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IDFB0042401 and the account number together uniquely identify the Panjim Branch 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 IDFB0042401
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 – PANJIM 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:
IDFB0042401. - 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 Panjim Branch branch
The branch is located at MEZZANINE GROUND FLOOR SHOP NO.1 2 3 4 5 COLVALCAR CENTAUR OPP.PARADE GROUND CAMPAL PANAJI, GOA-403001, which puts it inside Panjim, the broader North Goa district, and the state of Goa. To plan your visit:
- Open Google Maps on your phone and search for “IDFC First Bank Limited Panjim Branch branch” — the verified location pin for IFSC IDFB0042401 should appear at the top of the results.
- Confirm the branch is open by calling 9823280611 before stepping out, especially around public holidays.
- 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 IDFB0042401 and your account number.
Verifying IFSC IDFB0042401 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 IDFB0042401 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 9823280611.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Panjim 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 IDFB0042401 continue to work without interruption.
Branch address & contact
IDFC First Bank LimitedPanjim Branch Branch
MEZZANINE GROUND FLOOR SHOP NO.1 2 3 4 5 COLVALCAR CENTAUR OPP.PARADE GROUND CAMPAL PANAJI, GOA-403001
Panjim, Goa
Phone: 9823280611
IFSC: IDFB0042401
Frequently asked questions
What is the IFSC code of IDFC First Bank Limited Panjim Branch branch?
The IFSC code of IDFC First Bank Limited, Panjim Branch branch is IDFB0042401. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is IDFC First Bank Limited Panjim Branch branch located?
IDFC First Bank Limited's Panjim Branch branch is located at MEZZANINE GROUND FLOOR SHOP NO.1 2 3 4 5 COLVALCAR CENTAUR OPP.PARADE GROUND CAMPAL PANAJI, GOA-403001, Panjim, Goa.
Does IDFC First Bank Limited Panjim Branch branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 9823280611 to confirm.
Is IFSC IDFB0042401 the same for all accounts at Panjim Branch branch?
Yes. The IFSC IDFB0042401 is shared by every account held at IDFC First Bank Limited's Panjim Branch branch. Only the account number changes from customer to customer.
Can I use IFSC IDFB0042401 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDFB0042401 to send funds instantly.
How do I add IDFC First Bank Limited Panjim Branch as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDFB0042401, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IDFB0042401 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDFC First Bank Limited – Panjim Branch reflect within 30 minutes.
Final notes
To recap: IDFB0042401 is the IFSC code of IDFC First Bank Limited, PANJIM BRANCH branch, in PANJIM, GOA. 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.
