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Dhanlaxmi Bank is headquartered in Thrissur, Kerala. Over the past 93 years since inception, they have grown to cover the entire country with more than 500 touch points giving impeccable service to all their customers. They offer various banking and financial accounts to their customers, like bank accounts, loans, debit & credit cards, Forex services, Locker services, Insurance, and many more.

Dhanlaxmi Bank account holders can use the convenience of Internet banking to carry out various banking transactions. Fund transfer is an important service available for Netbanking users. IFSC Code is very important while transferring money through the 3 major payment systems in India; NEFT, IMPS & RTGS.

Dhanlaxmi Bank IFSC Code can be found on their official website, your cheque book, your passbook, on the RBI website, generally on the internet, and also on the CreditMantri website.

How to find the IFSC Code of Dhanlaxmi Bank on the CreditMantri website?

CreditMantri will allow you to search the IFSC code for any bank branch in a matter of minutes. It has a host of other details for your use in any department of Dhanlaxmi Bank. Youll get a one-stop solution to all banking needs by logging in to CreditMantri.

Here are the steps to find the Dhanlaxmi Bank Branch IFSC Code:

  • Login to the CreditMantri Home Page
  • Click Community from the top menu bar and choose Resources.
  • Pick IFSC and MICR Codes Directory from this list.
  • It lists all banks with names and logos of their own. You can select Dhanlaxmi Bank from this page.
  • You can also use the search bar at the top to quickly find your bank. You can choose the name of the bank, state, district and branch in one shot to get the details.
  • It provides all the important information about the bank for your convenience.

What is the IFSC Code and why is it important?

The Reserve Bank of India assigns a special eleven-digit number to each bank branch called the Indian Financial System Code or the IFSC. The particular number is a combination of the two, alphabets & numbers, that are uniquely allocated to a single bank branch. The IFSC code is a simple precondition for online financial transactions, namely the Real Time Gross Settlement (RTGS), the Instant Payment Service (IMPS) and the National Electronic Fund Transfer (NEFT). Without the IFSC code, a financial exchange cannot be carried out since the IFSC code determines the bank branch where the payment is to be made.

Format of IFSC Codes

The IFSC code consists of 11 characters, the first four are alphabetical letters representing the name of the bank, and the branch is represented by the last six characters (usually numeric or occasionally alphabetical). The fifth digit is automatically set to 0 (zero); it is reserved for future use. The Bank IFSC Code enables NEFT & RTGS to send messages to banks / destination branches.

Why am I required to use an IFSC code?

The primary use of the IFSC Code is to ensure safe and accurate transfer of money electronically. India has three primary money transfer systems: NEFT, IMPS & RTGS. All 3 procedures shall require the IFSC Code of the Banking branch of the Beneficiary to ensure that the money is credited to the Bank Account of the Right Branch. Here are some other advantages of the use of the IFSC Banking Code:

  • It helps transfer money to the right account in the right branch. The IFSC code is unique to each bank or branch.
  • Allows for a quicker and easier transfer of money between bank accounts
  • Removes the risk of manipulation when applying the IFSC Code
  • The IFSC Code makes a direct transfer between the sender and the receiver. If an electronic transaction takes place, all sides get updates or e-mails from the banks involved, whether it is a credit transaction or a debit transaction.
  • Render it much easier for banks to verify the settlement process.
  • Promotes transactions in paperless money. You will now benefit from an electronic, paperless bank transfer with the aid of the IFSC. It aims to make banking eco-friendly. Business transactions, based on IFSC codes, have become simple, fast and paperless.

How to find the IFSC Code of a particular Dhanlaxmi Bank Branch?

There are umpteen ways to find the IFSC Code of a bank branch;

On Dhanlaxmi Bank Official Webpage

You can find the IFSC Code for any branch of Dhanlaxmi Bank on their official webpage. Login to their site and use the ‘Quick Locator’ on the homepage to locate any branch. You can search for a branch using either the city name or the pincode. Upon entering the search criteria, the page displays all the branches for that particular city or pincode.  The displayed result will have the branch name, branch address, contact details & the IFSC Code.

On the RBI website

The official RBI website has a separate section to find the IFSC Code for all banks. Login to the official RBI website. Scroll down to the bottom of the page to find More Links.  Choose IFSC / MICR Codes from this list. Here you can pick the name of the bank from the drop-down list and enter the name of your branch to find the IFSC code.

On your Dhanlaxmi Bank cheque book and passbook

Your bank branchs IFSC Code is always printed on your passbook and cheque book issued by Dhanlaxmi Bank.

On the Internet

You can make a broad search on the Internet for the Dhanlaxmi Bank IFSC Code and there are a dozen websites that will provide you with the details.

Can I transfer money without the IFSC code?

The response is both yes and no. IFSC code is needed to transfer money through Netbanking. Netbanking helps you to transfer funds via NEFT, IMPS & RTGS. However, UPI money transfers or e-wallet money transfers have gained prominence in recent years. These approaches only consider a mobile number connected to your bank account and the recipients bank account, and thus do not require a bank transfer through the IFSC.

What will happen if I enter an incorrect IFSC while transferring money?

The odds of making a mistake with the IFSC code are smaller as the page shows the branch information as you type the IFSC code before adding the payee. However, if you have entered an incorrect IFSC code, the transfer would match the recipients account number and send the money to that account. The odds of a bank holding the same account number in two separate branches are small and thus the money will eventually land in the right account. However, before beginning the transfer, it is crucial that you double check the IFSC Code.

What are the major differences between NEFT, IMPS & RTGS?

NEGT, IMPS & RTGS - All three are the primary money transfer systems available in Indian banking system. While NEFT is a one-to-one account transfer system, IMPS & RTGS are real-time money transfer processes. Here are some basic differences between the 3 systems:


  • Service unavailable on weekends and bank holidays
  • No minimum transaction limit
  • Maximum limit – Rs.10 lakhs
  • Transaction time of around 2 hours for the recipient to receive the amount


  • Is available 24x7, 365 days
  • No minimum transaction limit
  • Maximum limit – Rs. 2 lakhs
  • Real time settlement; beneficiary receives the funds immediately


  • Not available on weekends and bank holidays
  • Minimum – Rs. 2 lakhs
  • Maximum – Rs. 10 lakhs
  • Real time settlement; beneficiary receives the funds immediately


1. What is the information required to do a bank to bank money transfer?

In order to transfer money to another bank account, you need the beneficiary account number, account name, account type, and the respective branch IFSC Code.

2. How can one find their bank branch IFSC code?

IFSC Code can be found in different ways. Dhanlaxmi Bank IFSC Code can be found on their official website, your cheque book, your passbook, on the RBI website, generally on the internet, and also on the CreditMantri website.

3. Do I need the IFSC Code for all bank transfers?

Yes, you need the IFSC Code for all 3 major bank transfer systems; viz., NEFT, IMPS & RTGS.

4. Is it possible to transfer funds without the IFSC Code?

If you are going for a bank transfer, it is not possible. But, if you are choosing other transfer methods like e-wallet or UPI, you won’t need the IFSC Code.

5. Which is better? NEFT or IMPS?

NEFT allows you to transfer a huge sum of money safely and securely, but it takes time for the beneficiary to receive the amount in their bank account. IMPS & RTGS are real time settlement systems and hence preferable if you want the amount to be credited to the beneficiary immediately.

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