Use this page as a one-stop reference for everything related to IDBI Bank's SARRAKI LAKE branch in BANGALORE, KARNATAKA. The branch's IFSC code IBKL0000024 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.
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, IBKL0000024 is the IFSC of IDBI Bank's SARRAKI LAKE branch. The format is fixed: IBKL = bank code, 0 = reserved, 000024 = 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 Sarraki Lake branch in Bangalore, Karnataka is part of this network and uses the IFSC code IBKL0000024 for all electronic settlement.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Sarraki Lake |
| IFSC Code | IBKL0000024 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 261 SOWBHAGYA COMPLEX24TH MAIN5TH PHASEJ P NAGARSARAKKI LAKE |
| City | Bangalore |
| District | Bangalore Urban |
| State | Karnataka |
| STD Code | 91 |
| Phone | 9831054080 |
About this branch
The branch is located at 261 SOWBHAGYA COMPLEX24TH MAIN5TH PHASEJ P NAGARSARAKKI LAKE. 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 IBKL0000024 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 SARRAKI LAKE branch came to be assigned the code IBKL0000024.
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 IBKL0000024, money simply cannot be routed to the SARRAKI LAKE branch electronically.
Products and account variants supported
Every account opened at the Sarraki Lake branch is mapped to IFSC IBKL0000024 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 IBKL0000024.
Products and services
Customers walking into the Sarraki Lake 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 IBKL0000024
How to transfer money using IFSC IBKL0000024
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 IBKL0000024 across all three.
How to use IFSC IBKL0000024 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's SARRAKI LAKE 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 IBKL0000024.
- Confirm the bank name auto-populates as IDBI Bank and the branch as SARRAKI LAKE.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IBKL0000024
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 – SARRAKI LAKE, ensure your bank's portal accepts IFSC IBKL0000024 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDBI Bank SARRAKI LAKE (IFSC IBKL0000024)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0000024 in your mobile or internet banking app, and the money is credited to the SARRAKI LAKE branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Sarraki Lake
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 IBKL0000024:
- 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 SARRAKI LAKE is still linked to IFSC IBKL0000024.
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 SARRAKI LAKE branch, the IFSC IBKL0000024 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 IBKL0000024
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the SARRAKI LAKE 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 IBKL0000024 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 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 IBKL0000024 and the account number together uniquely identify the Sarraki Lake branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC IBKL0000024
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 – SARRAKI LAKE, 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:
IBKL0000024. - 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 Sarraki Lake branch sits at 261 SOWBHAGYA COMPLEX24TH MAIN5TH PHASEJ P NAGARSARAKKI LAKE. If you are travelling from outside Bangalore, search for the branch on a maps application using the bank name and locality, or call 91-9831054080 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 IBKL0000024 and your account number.
Verifying IFSC IBKL0000024 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 IBKL0000024 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9831054080.
- 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 Sarraki Lake branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0000024, however, work 24x7.
Branch address & contact
IDBI BankSarraki Lake Branch
261 SOWBHAGYA COMPLEX24TH MAIN5TH PHASEJ P NAGARSARAKKI LAKE
Bangalore, Karnataka
Phone: 91-9831054080
IFSC: IBKL0000024
Frequently asked questions
Is IFSC IBKL0000024 valid for NEFT and RTGS?
Yes. IFSC IBKL0000024 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add IDBI Bank Sarraki Lake as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0000024, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC IBKL0000024 the same for all accounts at Sarraki Lake branch?
Yes. The IFSC IBKL0000024 is shared by every account held at IDBI Bank's Sarraki Lake branch. Only the account number changes from customer to customer.
Where is IDBI Bank Sarraki Lake branch located?
IDBI Bank's Sarraki Lake branch is located at 261 SOWBHAGYA COMPLEX24TH MAIN5TH PHASEJ P NAGARSARAKKI LAKE, Bangalore, Karnataka.
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 Sarraki Lake branch but serve different purposes.
Can I use IFSC IBKL0000024 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000024 to send funds instantly.
Does IDBI Bank Sarraki Lake branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9831054080 to confirm.
Summary
The IFSC code IBKL0000024 belongs to IDBI Bank's SARRAKI LAKE branch, located at 261 SOWBHAGYA COMPLEX24TH MAIN5TH PHASEJ P NAGARSARAKKI LAKE in BANGALORE, KARNATAKA. 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.
