If you are searching for the IFSC code of IDBI Bank, STATE TRANSPORT BANK BEED branch in BID, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is IBKL0617S45. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the STATE TRANSPORT BANK BEED branch, and detailed step-by-step guides for using the IFSC IBKL0617S45 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
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 STATE TRANSPORT BANK BEED branch, the IFSC IBKL0617S45 breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 617S45 identifies this particular branch.
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its State Transport Bank Beed branch in Bid, Maharashtra is part of this network and uses the IFSC code IBKL0617S45 for all electronic settlement.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | State Transport Bank Beed |
| IFSC Code | IBKL0617S45 |
| MICR Code | Refer to cheque leaf |
| Branch Address | S T DIVISIONAL OFFICE,GROUND FLOOR BEED431122 |
| City | Bid |
| District | Bid |
| State | Maharashtra |
| STD Code | 2442 |
| Phone | 222701 |
About the State Transport Bank Beed branch
The State Transport Bank Beed branch of IDBI Bank is situated at S T DIVISIONAL OFFICE,GROUND FLOOR BEED431122. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code IBKL0617S45 is used.
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 STATE TRANSPORT BANK BEED of IDBI Bank — its own 11-character IFSC. The code IBKL0617S45 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 IBKL0617S45 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the State Transport Bank Beed branch is mapped to IFSC IBKL0617S45 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 IBKL0617S45.
Banking services available
The State Transport Bank Beed branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2442-222701.
- 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 IBKL0617S45
How to transfer money using IFSC IBKL0617S45
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 IBKL0617S45 across all three.
How to use IFSC IBKL0617S45 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's STATE TRANSPORT BANK BEED 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 IBKL0617S45.
- Confirm the bank name auto-populates as IDBI Bank and the branch as STATE TRANSPORT BANK BEED.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IBKL0617S45
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 – STATE TRANSPORT BANK BEED, ensure your bank's portal accepts IFSC IBKL0617S45 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDBI Bank STATE TRANSPORT BANK BEED (IFSC IBKL0617S45)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0617S45 in your mobile or internet banking app, and the money is credited to the STATE TRANSPORT BANK BEED branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to State Transport Bank Beed
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 IBKL0617S45:
- 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 STATE TRANSPORT BANK BEED is still linked to IFSC IBKL0617S45.
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 STATE TRANSPORT BANK BEED branch, the IFSC IBKL0617S45 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 IBKL0617S45
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the STATE TRANSPORT BANK BEED 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 IBKL0617S45 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 & cheque-truncation details
Cheques drawn on the State Transport Bank Beed branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0617S45 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 – STATE TRANSPORT BANK BEED:
- The IFSC is exactly IBKL0617S45 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 STATE TRANSPORT BANK BEED 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 State Transport Bank Beed branch sits at S T DIVISIONAL OFFICE,GROUND FLOOR BEED431122. If you are travelling from outside Bid, search for the branch on a maps application using the bank name and locality, or call 2442-222701 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 IBKL0617S45 and your account number.
Verifying IFSC IBKL0617S45 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 IBKL0617S45 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2442-222701.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at State Transport Bank Beed 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 IBKL0617S45 continue to work without interruption.
Branch address & contact
IDBI BankState Transport Bank Beed Branch
S T DIVISIONAL OFFICE,GROUND FLOOR BEED431122
Bid, Maharashtra
Phone: 2442-222701
IFSC: IBKL0617S45
Frequently asked questions
How quickly will an NEFT transfer using IBKL0617S45 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – State Transport Bank Beed reflect within 30 minutes.
What is the phone number of IDBI Bank State Transport Bank Beed branch?
You can reach the branch at 2442-222701 during regular banking hours.
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 State Transport Bank Beed branch but serve different purposes.
Does IDBI Bank State Transport Bank Beed branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2442-222701 to confirm.
Is IFSC IBKL0617S45 the same for all accounts at State Transport Bank Beed branch?
Yes. The IFSC IBKL0617S45 is shared by every account held at IDBI Bank's State Transport Bank Beed branch. Only the account number changes from customer to customer.
How do I add IDBI Bank State Transport Bank Beed as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0617S45, and complete OTP verification. Once activated, you can transfer funds at any time.
Final notes
To recap: IBKL0617S45 is the IFSC code of IDBI Bank, STATE TRANSPORT BANK BEED branch, in BID, MAHARASHTRA. 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.
