This page lists the IFSC code, branch address, contact number and fund-transfer information for IDBI Bank, AGAR branch in AGAR MALWA. The 11-digit IFSC IBKL0001816 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 IDBI Bank at the AGAR 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, IBKL0001816 is the IFSC of IDBI Bank's AGAR branch. The format is fixed: IBKL = bank code, 0 = reserved, 001816 = branch identifier.
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Agar branch in Agar Malwa, Madhya Pradesh is part of this network and uses the IFSC code IBKL0001816 for all electronic settlement.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Agar |
| IFSC Code | IBKL0001816 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BAGDI S HOUSE,SURVEY NO 331,NEAR RAMDEV MOTOR SHOWROOM,CHHAWANI NAKA,UJJAIN KOTA ROAD,AGAR,DISTT AGAR,PIN 456441 |
| City | Agar Malwa |
| District | Shajapur |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9713334443 |
About this branch
The branch is located at BAGDI S HOUSE,SURVEY NO 331,NEAR RAMDEV MOTOR SHOWROOM,CHHAWANI NAKA,UJJAIN KOTA ROAD,AGAR,DISTT AGAR,PIN 456441. It serves the Agar Malwa region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of IDBI Bank. The IFSC IBKL0001816 is used to identify this branch on the RBI payments network.
Why every IDBI Bank 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 AGAR of IDBI Bank — its own 11-character IFSC. The code IBKL0001816 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 IBKL0001816 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Agar branch
Once you have an account at IDBI Bank – AGAR, the IFSC IBKL0001816 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.
Banking services available
The Agar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9713334443.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC IBKL0001816
How to transfer money using IFSC IBKL0001816
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 IBKL0001816 across all three.
How to use IFSC IBKL0001816 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's AGAR 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 IBKL0001816.
- Confirm the bank name auto-populates as IDBI Bank and the branch as AGAR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IBKL0001816
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 IDBI Bank – AGAR, ensure your bank's portal accepts IFSC IBKL0001816 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDBI Bank AGAR (IFSC IBKL0001816)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0001816 in your mobile or internet banking app, and the money is credited to the AGAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0001816 for IDBI Bank – AGAR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – IBKL0001816 | Yes – IBKL0001816 | Yes – IBKL0001816 |
For most retail customers crediting the Agar branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
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 IDBI Bank's AGAR branch, the IFSC IBKL0001816 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.
Online banking and IFSC IBKL0001816
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the AGAR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC IBKL0001816 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
MICR & cheque-truncation details
Cheques drawn on the Agar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0001816 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 IBKL0001816
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 IDBI Bank – AGAR, 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:
IBKL0001816. - 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.
Reaching the branch
The Agar branch sits at BAGDI S HOUSE,SURVEY NO 331,NEAR RAMDEV MOTOR SHOWROOM,CHHAWANI NAKA,UJJAIN KOTA ROAD,AGAR,DISTT AGAR,PIN 456441. If you are travelling from outside Agar Malwa, search for the branch on a maps application using the bank name and locality, or call 91-9713334443 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC IBKL0001816 and your account number.
Verifying IFSC IBKL0001816 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 IBKL0001816 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9713334443.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Agar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0001816, however, work 24x7.
Branch address & contact
IDBI BankAgar Branch
BAGDI S HOUSE,SURVEY NO 331,NEAR RAMDEV MOTOR SHOWROOM,CHHAWANI NAKA,UJJAIN KOTA ROAD,AGAR,DISTT AGAR,PIN 456441
Agar Malwa, Madhya Pradesh
Phone: 91-9713334443
IFSC: IBKL0001816
Frequently asked questions
What is the IFSC code of IDBI Bank Agar branch?
The IFSC code of IDBI Bank, Agar branch is IBKL0001816. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using IBKL0001816 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Agar reflect within 30 minutes.
Can I use IFSC IBKL0001816 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0001816 to send funds instantly.
Is IFSC IBKL0001816 the same for all accounts at Agar branch?
Yes. The IFSC IBKL0001816 is shared by every account held at IDBI Bank's Agar branch. Only the account number changes from customer to customer.
Is IFSC IBKL0001816 valid for NEFT and RTGS?
Yes. IFSC IBKL0001816 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Agar branch but serve different purposes.
Where is IDBI Bank Agar branch located?
IDBI Bank's Agar branch is located at BAGDI S HOUSE,SURVEY NO 331,NEAR RAMDEV MOTOR SHOWROOM,CHHAWANI NAKA,UJJAIN KOTA ROAD,AGAR,DISTT AGAR,PIN 456441, Agar Malwa, Madhya Pradesh.
How do I add IDBI Bank Agar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0001816, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IBKL0001816 belongs to IDBI Bank's AGAR branch, located at BAGDI S HOUSE,SURVEY NO 331,NEAR RAMDEV MOTOR SHOWROOM,CHHAWANI NAKA,UJJAIN… in AGAR MALWA, MADHYA PRADESH. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
