This page lists the IFSC code, branch address, contact number and fund-transfer information for IDBI Bank, KIIT SQUARE branch in BHUBANESWAR. The 11-digit IFSC IBKL0002431 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 KIIT SQUARE 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, IBKL0002431 is the IFSC of IDBI Bank's KIIT SQUARE branch. The format is fixed: IBKL = bank code, 0 = reserved, 002431 = 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 Kiit Square branch in Bhubaneswar, Odisha is part of this network and uses the IFSC code IBKL0002431 for all electronic settlement.
About this branch
The branch is located at GROUND FLOOR,GROW GREEN,PLOT NO 5,KIIT SQUARE,PATIA AREA,NANDANKANAN ROAD,BHUBANESHWAR,PIN -751024. It serves the Bhubaneswar 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 IBKL0002431 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Kiit Square |
| IFSC Code | IBKL0002431 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR,GROW GREEN,PLOT NO 5,KIIT SQUARE,PATIA AREA,NANDANKANAN ROAD,BHUBANESHWAR,PIN -751024 |
| City | Bhubaneswar |
| District | Khurda |
| State | Odisha |
| STD Code | 674 |
| Phone | 2610234 |
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 KIIT SQUARE of IDBI Bank — its own 11-character IFSC. The code IBKL0002431 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 IBKL0002431 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 IBKL0002431 and the account number together uniquely identify the Kiit Square branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IBKL0002431
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 IBKL0002431 across all three.
How to use IFSC IBKL0002431 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's KIIT SQUARE 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 IBKL0002431.
- Confirm the bank name auto-populates as IDBI Bank and the branch as KIIT SQUARE.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to KIIT SQUARE
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's KIIT SQUARE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0002431 while initiating the transfer and the credit will appear within minutes.
IMPS to IDBI Bank KIIT SQUARE (IFSC IBKL0002431)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0002431 in your mobile or internet banking app, and the money is credited to the KIIT SQUARE branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0002431 for IDBI Bank – KIIT SQUARE, 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 – IBKL0002431 | Yes – IBKL0002431 | Yes – IBKL0002431 |
For most retail customers crediting the Kiit Square 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 IBKL0002431
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 – KIIT SQUARE is still mapped to IFSC IBKL0002431. 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 IBKL0002431 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Kiit Square branch is mapped to IFSC IBKL0002431 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 IBKL0002431.
Products and services
Customers walking into the Kiit Square 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 IBKL0002431
Online banking and IFSC IBKL0002431
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the KIIT SQUARE 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 IBKL0002431 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.
How to reach the Kiit Square branch
The branch is located at GROUND FLOOR,GROW GREEN,PLOT NO 5,KIIT SQUARE,PATIA AREA,NANDANKANAN ROAD,BHUBANESHWAR,PIN -751024, which puts it inside Bhubaneswar, the broader Khurda district, and the state of Odisha. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Kiit Square branch” — the verified location pin for IFSC IBKL0002431 should appear at the top of the results.
- Confirm the branch is open by calling 674-2610234 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 IBKL0002431 and your account number.
Common mistakes to avoid when using IFSC IBKL0002431
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 – KIIT SQUARE, 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:
IBKL0002431. - 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.
Working hours
Branch counters at Kiit Square 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 IBKL0002431 continue to work without interruption.
Verifying IFSC IBKL0002431 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 IBKL0002431 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 674-2610234.
- Visiting the bank's official branch locator page.
Branch address & contact
IDBI BankKiit Square Branch
GROUND FLOOR,GROW GREEN,PLOT NO 5,KIIT SQUARE,PATIA AREA,NANDANKANAN ROAD,BHUBANESHWAR,PIN -751024
Bhubaneswar, Odisha
Phone: 674-2610234
IFSC: IBKL0002431
Frequently asked questions
Is IFSC IBKL0002431 the same for all accounts at Kiit Square branch?
Yes. The IFSC IBKL0002431 is shared by every account held at IDBI Bank's Kiit Square branch. Only the account number changes from customer to customer.
Where is IDBI Bank Kiit Square branch located?
IDBI Bank's Kiit Square branch is located at GROUND FLOOR,GROW GREEN,PLOT NO 5,KIIT SQUARE,PATIA AREA,NANDANKANAN ROAD,BHUBANESHWAR,PIN -751024, Bhubaneswar, Odisha.
How quickly will an NEFT transfer using IBKL0002431 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Kiit Square reflect within 30 minutes.
What is the IFSC code of IDBI Bank Kiit Square branch?
The IFSC code of IDBI Bank, Kiit Square branch is IBKL0002431. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of IDBI Bank Kiit Square branch?
You can reach the branch at 674-2610234 during regular banking hours.
Can I use IFSC IBKL0002431 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0002431 to send funds instantly.
Summary
The IFSC code IBKL0002431 belongs to IDBI Bank's KIIT SQUARE branch, located at GROUND FLOOR,GROW GREEN,PLOT NO 5,KIIT SQUARE,PATIA AREA,NANDANKANAN… in BHUBANESWAR, ODISHA. 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.
