It is very important to find correct branch before initiating any bank process. Though all banks will have a mechanism to verify the Drd Branch, Account Type, IFSC Code, MICR Code, and Account Name, etc. and any mismatch will result in failed transaction!
The best and simplest place to verify Drd branch is the cheque book. All banks will print the Drd on the cheque books. Also, your account pass book should have the Drd branch printed.
The address of Drd branch is Idbi tower, wtc complex, cuffe parade, mumbai, 400005, which is located in Mumbai District of Maharashtra State. IFSC code used in online fund transfer and MICR code used in clearing of cheques for IDBI Drd is also provided.
Drd has number of branches spread across India. Branch banking has undergone significant changes in response to the competition in financial services market and the ever increasing consumer demands. This leads to a single consumer bearing more than one account in different banks and due to internet banking, as in case of IDBI Drd branch, fund transfer between these banks is also possible.