This page lists the IFSC code, branch address, contact number and fund-transfer information for IDBI Bank, VARADSEEM branch in BHUSAWAL. The 11-digit IFSC IBKL0001364 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 VARADSEEM 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, IBKL0001364 is the IFSC of IDBI Bank's VARADSEEM branch. The format is fixed: IBKL = bank code, 0 = reserved, 001364 = 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 Varadseem branch in Bhusawal, Maharashtra is part of this network and uses the IFSC code IBKL0001364 for all electronic settlement.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Varadseem |
| IFSC Code | IBKL0001364 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PRIMARY AGRICULTURE CO OPERATIVE SOCIETY,AT POST VARADSEEM,BHUSAWAL,JALGAON 425311 |
| City | Bhusawal |
| District | Jalgaon |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 8983070022 |
About this branch
The branch is located at PRIMARY AGRICULTURE CO OPERATIVE SOCIETY,AT POST VARADSEEM,BHUSAWAL,JALGAON 425311. It serves the Bhusawal 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 IBKL0001364 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 VARADSEEM branch came to be assigned the code IBKL0001364.
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 IBKL0001364, money simply cannot be routed to the VARADSEEM branch electronically.
Account types you can open at the Varadseem branch
Once you have an account at IDBI Bank – VARADSEEM, the IFSC IBKL0001364 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Products and services
Customers walking into the Varadseem 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 IBKL0001364
How to transfer money using IFSC IBKL0001364
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 IBKL0001364 across all three.
How to use IFSC IBKL0001364 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's VARADSEEM 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 IBKL0001364.
- Confirm the bank name auto-populates as IDBI Bank and the branch as VARADSEEM.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IBKL0001364
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 – VARADSEEM, ensure your bank's portal accepts IFSC IBKL0001364 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDBI Bank VARADSEEM (IFSC IBKL0001364)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0001364 in your mobile or internet banking app, and the money is credited to the VARADSEEM branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Varadseem
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 IBKL0001364:
- 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 VARADSEEM is still linked to IFSC IBKL0001364.
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.
UPI payments and IFSC IBKL0001364
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 – VARADSEEM is still mapped to IFSC IBKL0001364. 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 IBKL0001364 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Varadseem 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 IBKL0001364 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.
MICR & cheque-truncation details
Cheques drawn on the Varadseem branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0001364 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – VARADSEEM:
- The IFSC is exactly IBKL0001364 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 VARADSEEM 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.
Reaching the branch
The Varadseem branch sits at PRIMARY AGRICULTURE CO OPERATIVE SOCIETY,AT POST VARADSEEM,BHUSAWAL,JALGAON 425311. If you are travelling from outside Bhusawal, search for the branch on a maps application using the bank name and locality, or call 91-8983070022 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 IBKL0001364 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IBKL0001364 for IDBI Bank – VARADSEEM, 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 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 Varadseem branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0001364, however, work 24x7.
Branch address & contact
IDBI BankVaradseem Branch
PRIMARY AGRICULTURE CO OPERATIVE SOCIETY,AT POST VARADSEEM,BHUSAWAL,JALGAON 425311
Bhusawal, Maharashtra
Phone: 91-8983070022
IFSC: IBKL0001364
Frequently asked questions
Is IFSC IBKL0001364 the same for all accounts at Varadseem branch?
Yes. The IFSC IBKL0001364 is shared by every account held at IDBI Bank's Varadseem branch. Only the account number changes from customer to customer.
Is IFSC IBKL0001364 valid for NEFT and RTGS?
Yes. IFSC IBKL0001364 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Varadseem branch but serve different purposes.
Does IDBI Bank Varadseem branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-8983070022 to confirm.
What is the IFSC code of IDBI Bank Varadseem branch?
The IFSC code of IDBI Bank, Varadseem branch is IBKL0001364. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of IDBI Bank Varadseem branch?
You can reach the branch at 91-8983070022 during regular banking hours.
How quickly will an NEFT transfer using IBKL0001364 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Varadseem reflect within 30 minutes.
Can I use IFSC IBKL0001364 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0001364 to send funds instantly.
Summary
The IFSC code IBKL0001364 belongs to IDBI Bank's VARADSEEM branch, located at PRIMARY AGRICULTURE CO OPERATIVE SOCIETY,AT POST VARADSEEM,BHUSAWAL,JALGAON… in BHUSAWAL, MAHARASHTRA. 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.
