This page lists the IFSC code, branch address, contact number and fund-transfer information for IDBI Bank, AKOLA branch in AKOLA. The 11-digit IFSC IBKL0000511 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 AKOLA 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, IBKL0000511 is the IFSC of IDBI Bank's AKOLA branch. The format is fixed: IBKL = bank code, 0 = reserved, 000511 = branch identifier.
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Akola branch in Akola. 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, IBKL0000511.
About this branch
The branch is located at SHOP NO 1 NEW RADHAKISAN PLOT ,RANI SATI DHAM ROAD BESIDE AKOLA URBAN COOP BANK NEAR COLLECTOR OFFICE AKOLA-444001. It serves the Akola 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 IBKL0000511 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Akola |
| IFSC Code | IBKL0000511 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SHOP NO 1 NEW RADHAKISAN PLOT ,RANI SATI DHAM ROAD BESIDE AKOLA URBAN COOP BANK NEAR COLLECTOR OFFICE AKOLA-444001 |
| City | Akola |
| District | Akola |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 7767855880 |
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 AKOLA of IDBI Bank — its own 11-character IFSC. The code IBKL0000511 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 IBKL0000511 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by IDBI Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IBKL0000511 and the account number together uniquely identify the Akola branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IBKL0000511
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 IBKL0000511 across all three.
NEFT to IDBI Bank, AKOLA using IFSC IBKL0000511
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 IBKL0000511, and confirm that the system picks up IDBI Bank – AKOLA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IBKL0000511
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 – AKOLA, ensure your bank's portal accepts IFSC IBKL0000511 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – AKOLA, use IMPS. With IFSC IBKL0000511 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000511 for IDBI Bank – AKOLA, 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 – IBKL0000511 | Yes – IBKL0000511 | Yes – IBKL0000511 |
For most retail customers crediting the Akola 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 AKOLA branch, the IFSC IBKL0000511 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.
Products and account variants supported
Every account opened at the Akola branch is mapped to IFSC IBKL0000511 on the RBI payments network. The branch generally supports the full retail product catalogue of IDBI Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains IBKL0000511.
Products and services
Customers walking into the Akola branch can access most of IDBI Bank'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 IBKL0000511
Online banking and IFSC IBKL0000511
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the AKOLA 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 IBKL0000511 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.
Reaching the branch
The Akola branch sits at SHOP NO 1 NEW RADHAKISAN PLOT ,RANI SATI DHAM ROAD BESIDE AKOLA URBAN COOP BANK NEAR COLLECTOR OFFICE AKOLA-444001. If you are travelling from outside Akola, search for the branch on a maps application using the bank name and locality, or call 91-7767855880 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 IBKL0000511 and your account number.
Common mistakes to avoid when using IFSC IBKL0000511
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 – AKOLA, 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:
IBKL0000511. - 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.
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 Akola branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0000511, however, work 24x7.
Verifying IFSC IBKL0000511 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 IBKL0000511 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-7767855880.
- Visiting the bank's official branch locator page.
Branch address & contact
IDBI BankAkola Branch
SHOP NO 1 NEW RADHAKISAN PLOT ,RANI SATI DHAM ROAD BESIDE AKOLA URBAN COOP BANK NEAR COLLECTOR OFFICE AKOLA-444001
Akola, Maharashtra
Phone: 91-7767855880
IFSC: IBKL0000511
Frequently asked questions
Where is IDBI Bank Akola branch located?
IDBI Bank's Akola branch is located at SHOP NO 1 NEW RADHAKISAN PLOT ,RANI SATI DHAM ROAD BESIDE AKOLA URBAN COOP BANK NEAR COLLECTOR OFFICE AKOLA-444001, Akola, Maharashtra.
How do I add IDBI Bank Akola as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0000511, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Akola branch but serve different purposes.
Is IFSC IBKL0000511 valid for NEFT and RTGS?
Yes. IFSC IBKL0000511 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using IBKL0000511 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Akola reflect within 30 minutes.
What is the IFSC code of IDBI Bank Akola branch?
The IFSC code of IDBI Bank, Akola branch is IBKL0000511. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does IDBI Bank Akola branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-7767855880 to confirm.
Final notes
To recap: IBKL0000511 is the IFSC code of IDBI Bank, AKOLA branch, in AKOLA, MAHARASHTRA. 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.
