Use this page as a one-stop reference for everything related to IDBI Bank's KORAMANGALA branch in BANGALORE, KARNATAKA. The branch's IFSC code IBKL0000693 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for IDBI Bank – KORAMANGALA is IBKL0000693. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000693 map to this branch in BANGALORE, KARNATAKA.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Koramangala |
| IFSC Code | IBKL0000693 |
| MICR Code | Refer to cheque leaf |
| Branch Address | ANANDA NILAYA,100FT RD, OPP E-ZONE KORAMANGALA BANGALORE-95 |
| City | Bangalore |
| District | Bangalore Urban |
| State | Karnataka |
| STD Code | 91 |
| Phone | 9880104992 |
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Koramangala branch in Bangalore, Karnataka is part of this network and uses the IFSC code IBKL0000693 for all electronic settlement.
About this branch
The branch is located at ANANDA NILAYA,100FT RD, OPP E-ZONE KORAMANGALA BANGALORE-95. It serves the Bangalore 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 IBKL0000693 is used to identify this branch on the RBI payments network.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how IDBI Bank's KORAMANGALA branch came to be assigned the code IBKL0000693.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC IBKL0000693, money simply cannot be routed to the KORAMANGALA branch electronically.
How to transfer money using IFSC IBKL0000693
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 IBKL0000693 across all three.
NEFT to IDBI Bank, KORAMANGALA using IFSC IBKL0000693
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 IBKL0000693, and confirm that the system picks up IDBI Bank – KORAMANGALA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IBKL0000693
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 – KORAMANGALA, ensure your bank's portal accepts IFSC IBKL0000693 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – KORAMANGALA, use IMPS. With IFSC IBKL0000693 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Koramangala
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IBKL0000693:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at KORAMANGALA is still linked to IFSC IBKL0000693.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
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 KORAMANGALA branch, the IFSC IBKL0000693 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 Koramangala branch is mapped to IFSC IBKL0000693 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 IBKL0000693.
Products and services
Customers walking into the Koramangala 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 IBKL0000693
MICR & cheque-truncation details
Cheques drawn on the Koramangala branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0000693 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Koramangala branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC IBKL0000693 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to IDBI Bank – KORAMANGALA:
- The IFSC is exactly IBKL0000693 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills IDBI Bank as the bank name and KORAMANGALA as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
How to reach the Koramangala branch
The branch is located at ANANDA NILAYA,100FT RD, OPP E-ZONE KORAMANGALA BANGALORE-95, which puts it inside Bangalore, the broader Bangalore Urban district, and the state of Karnataka. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Koramangala branch” — the verified location pin for IFSC IBKL0000693 should appear at the top of the results.
- Confirm the branch is open by calling 91-9880104992 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC IBKL0000693 and your account number.
Verifying IFSC IBKL0000693 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 IBKL0000693 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9880104992.
- 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 Koramangala branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0000693, however, work 24x7.
Branch address & contact
IDBI BankKoramangala Branch
ANANDA NILAYA,100FT RD, OPP E-ZONE KORAMANGALA BANGALORE-95
Bangalore, Karnataka
Phone: 91-9880104992
IFSC: IBKL0000693
Frequently asked questions
What is the phone number of IDBI Bank Koramangala branch?
You can reach the branch at 91-9880104992 during regular banking hours.
What is the IFSC code of IDBI Bank Koramangala branch?
The IFSC code of IDBI Bank, Koramangala branch is IBKL0000693. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using IBKL0000693 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Koramangala reflect within 30 minutes.
How do I add IDBI Bank Koramangala as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0000693, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC IBKL0000693 the same for all accounts at Koramangala branch?
Yes. The IFSC IBKL0000693 is shared by every account held at IDBI Bank's Koramangala branch. Only the account number changes from customer to customer.
Is IFSC IBKL0000693 valid for NEFT and RTGS?
Yes. IFSC IBKL0000693 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does IDBI Bank Koramangala branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9880104992 to confirm.
Can I use IFSC IBKL0000693 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000693 to send funds instantly.
Final notes
To recap: IBKL0000693 is the IFSC code of IDBI Bank, KORAMANGALA branch, in BANGALORE, KARNATAKA. 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.
