This page lists the IFSC code, branch address, contact number and fund-transfer information for IDFC First Bank Limited, SIOLIM BRANCH branch in SIOLIM. The 11-digit IFSC IDFB0042404 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with IDFC First Bank Limited at the SIOLIM BRANCH location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
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, IDFB0042404 is the IFSC of IDFC First Bank Limited's SIOLIM BRANCH branch. The format is fixed: IDFB = bank code, 0 = reserved, 042404 = branch identifier.
About IDFC First Bank Limited
IDFC First Bank Limited operates a wide network of branches across India, including the Siolim Branch branch in Siolim. 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, IDFB0042404.
Branch details at a glance
| Bank Name | IDFC First Bank Limited |
|---|---|
| Branch | Siolim Branch |
| IFSC Code | IDFB0042404 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR, SHOP NO.1,2,3, BAMAN WADDO, ARCADIA BY MINT, SIOLIM, GOA-403517, TOLL FREE NUMBER 18002582000 |
| City | Siolim |
| District | North Goa |
| State | Goa |
About the Siolim Branch branch
The Siolim Branch branch of IDFC First Bank Limited is situated at GROUND FLOOR, SHOP NO.1,2,3, BAMAN WADDO, ARCADIA BY MINT, SIOLIM, GOA-403517, TOLL FREE NUMBER 18002582000. 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 IDFB0042404 is used.
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 SIOLIM BRANCH branch came to be assigned the code IDFB0042404.
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 IDFB0042404, money simply cannot be routed to the SIOLIM BRANCH branch electronically.
Account types you can open at the Siolim Branch branch
Once you have an account at IDFC First Bank Limited – SIOLIM BRANCH, the IFSC IDFB0042404 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 Siolim 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 IDFB0042404
How to transfer money using IFSC IDFB0042404
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 IDFB0042404 across all three.
NEFT to IDFC First Bank Limited, SIOLIM BRANCH using IFSC IDFB0042404
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 IDFB0042404, and confirm that the system picks up IDFC First Bank Limited – SIOLIM BRANCH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IDFB0042404
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 IDFC First Bank Limited – SIOLIM BRANCH, ensure your bank's portal accepts IFSC IDFB0042404 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDFC First Bank Limited SIOLIM BRANCH (IFSC IDFB0042404)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IDFB0042404 in your mobile or internet banking app, and the money is credited to the SIOLIM BRANCH branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Siolim 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 IDFB0042404:
- 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 SIOLIM BRANCH is still linked to IFSC IDFB0042404.
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.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at IDFC First Bank Limited's SIOLIM BRANCH branch, the IFSC IDFB0042404 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Digital banking channels
Most day-to-day work that customers used to do at the Siolim 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 IDFB0042404 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 & cheque-truncation details
Cheques drawn on the Siolim Branch branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDFB0042404 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC IDFB0042404
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 – SIOLIM 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:
IDFB0042404. - 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 Siolim Branch branch
The branch is located at GROUND FLOOR, SHOP NO.1,2,3, BAMAN WADDO, ARCADIA BY MINT, SIOLIM, GOA-403517, TOLL FREE NUMBER 18002582000, which puts it inside Siolim, 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 Siolim Branch branch” — the verified location pin for IFSC IDFB0042404 should appear at the top of the results.
- Confirm the branch is open by calling the branch contact number 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 IDFB0042404 and your account number.
Verifying IFSC IDFB0042404 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 IDFB0042404 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Siolim 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 IDFB0042404 continue to work without interruption.
Branch address & contact
IDFC First Bank LimitedSiolim Branch Branch
GROUND FLOOR, SHOP NO.1,2,3, BAMAN WADDO, ARCADIA BY MINT, SIOLIM, GOA-403517, TOLL FREE NUMBER 18002582000
Siolim, Goa
Phone: the branch contact number
IFSC: IDFB0042404
Frequently asked questions
Is IFSC IDFB0042404 the same for all accounts at Siolim Branch branch?
Yes. The IFSC IDFB0042404 is shared by every account held at IDFC First Bank Limited's Siolim Branch branch. Only the account number changes from customer to customer.
Does IDFC First Bank Limited Siolim Branch branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
How quickly will an NEFT transfer using IDFB0042404 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDFC First Bank Limited – Siolim Branch reflect within 30 minutes.
Is IFSC IDFB0042404 valid for NEFT and RTGS?
Yes. IFSC IDFB0042404 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add IDFC First Bank Limited Siolim Branch as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDFB0042404, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC IDFB0042404 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDFB0042404 to send funds instantly.
What is the IFSC code of IDFC First Bank Limited Siolim Branch branch?
The IFSC code of IDFC First Bank Limited, Siolim Branch branch is IDFB0042404. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is IDFC First Bank Limited Siolim Branch branch located?
IDFC First Bank Limited's Siolim Branch branch is located at GROUND FLOOR, SHOP NO.1,2,3, BAMAN WADDO, ARCADIA BY MINT, SIOLIM, GOA-403517, TOLL FREE NUMBER 18002582000, Siolim, Goa.
Final notes
To recap: IDFB0042404 is the IFSC code of IDFC First Bank Limited, SIOLIM BRANCH branch, in SIOLIM, 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.
