Branch Permanently Closed / Inactive
According to official RBI records, this IDBI Bank branch has been permanently closed or merged. The IFSC code IBKL0501DMC is discontinued and no longer valid for money transfers.
IDBI Bank — THE DECCAN MERCHANTS CO OPERATIVE BANK LTD
The IDBI Bank The Deccan Merchants Co Operative Bank Ltd branch has been assigned the IFSC code IBKL0501DMC. This branch is located in Mumbai, Maharashtra. The IFSC code identifies this particular branch within the banking network.
Branch Details
| Bank Name | IDBI Bank |
|---|---|
| IFSC Code | IBKL0501DMC |
| MICR Code | N/A |
| Branch Name | THE DECCAN MERCHANTS CO OPERATIVE BANK LTD |
| Address | 112 14 GANANATH C H S LTD OPP DADAR W RLY STATION DADAR MUMBAI 400028 |
| PIN Code | 400028 |
| City / Centre | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Contact Number | N/A |
Supported Services
Location
112 14 GANANATH C H S LTD OPP DADAR W RLY STATION DADAR MUMBAI 400028, Maharashtra
Open in Google MapsExplore Pincode 400028
Find all bank branches and post offices operating in the 400028 area.
View Pincode Details →Working Hours
This branch has been deactivated or merged according to RBI records. Working hours are no longer applicable.
Customer Support
For account-related queries, please contact the bank's official customer care:
Toll-Free: 1800 209 4324Visit Official WebsiteTransfer Safety Checklist
Before initiating a high-value NEFT/RTGS transfer, please verify:
About IBKL0501DMC IFSC Code
The IFSC code IBKL0501DMC belongs to IDBI Bank's THE DECCAN MERCHANTS CO OPERATIVE BANK LTD branch. The first 4 characters 'IBKL' identify IDBI Bank, the 5th character '0' is reserved for future use, and the last 6 characters '501DMC' uniquely identify this particular branch.
This IFSC code is used for electronic fund transfers including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). You can also use this code for UPI transactions through any UPI-enabled app.
Frequently Asked Questions
Banking Terms Glossary
What is an IFSC Code?
Indian Financial System Code (IFSC) is an 11-digit alphanumeric code that uniquely identifies a bank branch participating in any RBI regulated funds transfer system. It is mandatory for electronic payment applications like NEFT, RTGS, and IMPS.
What is a MICR Code?
Magnetic Ink Character Recognition (MICR) is a 9-digit code printed on cheque books. It facilitates the processing and clearance of cheques and helps prevent fraud. The first 3 digits represent the city, the next 3 represent the bank, and the last 3 represent the branch.
What is NEFT?
National Electronic Funds Transfer (NEFT) is a nationwide payment system facilitating one-to-one funds transfer. Under this scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme.
What is RTGS?
Real Time Gross Settlement (RTGS) is a system where there is continuous and real-time settlement of fund-transfers, individually on a transaction by transaction basis. It is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is ₹2,00,000.
What is IMPS?
Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones and internet banking, available 24x7 throughout the year including bank holidays.
What is UPI?
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the 'Peer to Peer' collect request.
Other IDBI Bank Branches in Mumbai
Location
112 14 GANANATH C H S LTD OPP DADAR W RLY STATION DADAR MUMBAI 400028, Maharashtra
Open in Google MapsExplore Pincode 400028
Find all bank branches and post offices operating in the 400028 area.
View Pincode Details →Working Hours
This branch has been deactivated or merged according to RBI records. Working hours are no longer applicable.
Customer Support
For account-related queries, please contact the bank's official customer care:
Toll-Free: 1800 209 4324Visit Official Website