Below are the complete branch details for IDBI Bank, RAC BELGAUM branch, located in BELGAUM, KARNATAKA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0008003. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case IBKL0008003 for IDBI Bank – RAC BELGAUM — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For IDBI Bank's RAC BELGAUM branch, the IFSC IBKL0008003 breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 008003 identifies this particular branch.
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Rac Belgaum branch in Belgaum. 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, IBKL0008003.
Rac Belgaum branch overview
Located at NO 3493 1B,COLLEGE ROAD RAC BELGAUM PIN 590001 KARNATAKA, the Rac Belgaum branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0008003 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Rac Belgaum |
| IFSC Code | IBKL0008003 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NO 3493 1B,COLLEGE ROAD RAC BELGAUM PIN 590001 KARNATAKA |
| City | Belgaum |
| District | Belgaum |
| State | Karnataka |
| STD Code | 831 |
| Phone | 4200741 |
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 RAC BELGAUM of IDBI Bank — its own 11-character IFSC. The code IBKL0008003 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 IBKL0008003 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Rac Belgaum branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0008003 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC IBKL0008003
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 IBKL0008003 across all three.
NEFT to IDBI Bank, RAC BELGAUM using IFSC IBKL0008003
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 IBKL0008003, and confirm that the system picks up IDBI Bank – RAC BELGAUM. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IBKL0008003
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 – RAC BELGAUM, ensure your bank's portal accepts IFSC IBKL0008003 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – RAC BELGAUM, use IMPS. With IFSC IBKL0008003 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 IBKL0008003 for IDBI Bank – RAC BELGAUM, 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 – IBKL0008003 | Yes – IBKL0008003 | Yes – IBKL0008003 |
For most retail customers crediting the Rac Belgaum 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.
UPI payments and IFSC IBKL0008003
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at IDBI Bank – RAC BELGAUM is still mapped to IFSC IBKL0008003. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC IBKL0008003 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Rac Belgaum branch is mapped to IFSC IBKL0008003 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 IBKL0008003.
Banking services available
The Rac Belgaum branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 831-4200741.
- 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 IBKL0008003
Online banking and IFSC IBKL0008003
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the RAC BELGAUM 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 IBKL0008003 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 Rac Belgaum branch sits at NO 3493 1B,COLLEGE ROAD RAC BELGAUM PIN 590001 KARNATAKA. If you are travelling from outside Belgaum, search for the branch on a maps application using the bank name and locality, or call 831-4200741 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 IBKL0008003 and your account number.
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 – RAC BELGAUM:
- The IFSC is exactly IBKL0008003 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 RAC BELGAUM 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.
Working hours
Branch counters at Rac Belgaum are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to IBKL0008003 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IBKL0008003 for IDBI Bank – RAC BELGAUM, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch address & contact
IDBI BankRac Belgaum Branch
NO 3493 1B,COLLEGE ROAD RAC BELGAUM PIN 590001 KARNATAKA
Belgaum, Karnataka
Phone: 831-4200741
IFSC: IBKL0008003
Frequently asked questions
Is IFSC IBKL0008003 valid for NEFT and RTGS?
Yes. IFSC IBKL0008003 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC IBKL0008003 the same for all accounts at Rac Belgaum branch?
Yes. The IFSC IBKL0008003 is shared by every account held at IDBI Bank's Rac Belgaum branch. Only the account number changes from customer to customer.
How do I add IDBI Bank Rac Belgaum as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0008003, and complete OTP verification. Once activated, you can transfer funds at any time.
Does IDBI Bank Rac Belgaum branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 831-4200741 to confirm.
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 Rac Belgaum branch but serve different purposes.
How quickly will an NEFT transfer using IBKL0008003 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Rac Belgaum reflect within 30 minutes.
Summary
The IFSC code IBKL0008003 belongs to IDBI Bank's RAC BELGAUM branch, located at NO 3493 1B,COLLEGE ROAD RAC BELGAUM PIN 590001 KARNATAKA in BELGAUM, 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.
