If you are searching for the IFSC code of IDBI Bank, CHAIBASA branch in CHAIBASA, JHARKHAND, this page has every detail you need. The verified IFSC code for this branch is IBKL0000727. 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 CHAIBASA branch, and detailed step-by-step guides for using the IFSC IBKL0000727 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.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for IDBI Bank – CHAIBASA is IBKL0000727. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000727 map to this branch in CHAIBASA, JHARKHAND.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Chaibasa |
| IFSC Code | IBKL0000727 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SADAR BAZAR,ABOVE HERO HONDA SHOWROOM |
| City | Chaibasa |
| District | Paschimi Singhbhum |
| State | Jharkhand |
| STD Code | 91 |
| Phone | 8334967788 |
Bank profile
IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Chaibasa branch — IFSC IBKL0000727 — extends the bank's services to customers in and around Chaibasa, Jharkhand.
About this branch
The branch is located at SADAR BAZAR,ABOVE HERO HONDA SHOWROOM. It serves the Chaibasa 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 IBKL0000727 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 CHAIBASA branch came to be assigned the code IBKL0000727.
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 IBKL0000727, money simply cannot be routed to the CHAIBASA branch electronically.
How to transfer money using IFSC IBKL0000727
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 IBKL0000727 across all three.
NEFT to IDBI Bank, CHAIBASA using IFSC IBKL0000727
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 IBKL0000727, and confirm that the system picks up IDBI Bank – CHAIBASA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to CHAIBASA
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's CHAIBASA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0000727 while initiating the transfer and the credit will appear within minutes.
IMPS to IDBI Bank CHAIBASA (IFSC IBKL0000727)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0000727 in your mobile or internet banking app, and the money is credited to the CHAIBASA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000727 for IDBI Bank – CHAIBASA, 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 – IBKL0000727 | Yes – IBKL0000727 | Yes – IBKL0000727 |
For most retail customers crediting the Chaibasa 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.
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 CHAIBASA branch, the IFSC IBKL0000727 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.
Account types you can open at the Chaibasa branch
Once you have an account at IDBI Bank – CHAIBASA, the IFSC IBKL0000727 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 Chaibasa 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 IBKL0000727
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 IBKL0000727 and the account number together uniquely identify the Chaibasa branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Chaibasa 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 IBKL0000727 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.
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 – CHAIBASA:
- The IFSC is exactly IBKL0000727 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 CHAIBASA 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.
How to reach the Chaibasa branch
The branch is located at SADAR BAZAR,ABOVE HERO HONDA SHOWROOM, which puts it inside Chaibasa, the broader Paschimi Singhbhum district, and the state of Jharkhand. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Chaibasa branch” — the verified location pin for IFSC IBKL0000727 should appear at the top of the results.
- Confirm the branch is open by calling 91-8334967788 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 IBKL0000727 and your account number.
Verifying IFSC IBKL0000727 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 IBKL0000727 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-8334967788.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Chaibasa 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 IBKL0000727 continue to work without interruption.
Branch address & contact
IDBI BankChaibasa Branch
SADAR BAZAR,ABOVE HERO HONDA SHOWROOM
Chaibasa, Jharkhand
Phone: 91-8334967788
IFSC: IBKL0000727
Frequently asked questions
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 Chaibasa branch but serve different purposes.
Is IFSC IBKL0000727 the same for all accounts at Chaibasa branch?
Yes. The IFSC IBKL0000727 is shared by every account held at IDBI Bank's Chaibasa branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using IBKL0000727 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Chaibasa reflect within 30 minutes.
Is IFSC IBKL0000727 valid for NEFT and RTGS?
Yes. IFSC IBKL0000727 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of IDBI Bank Chaibasa branch?
The IFSC code of IDBI Bank, Chaibasa branch is IBKL0000727. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC IBKL0000727 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000727 to send funds instantly.
Summary
The IFSC code IBKL0000727 belongs to IDBI Bank's CHAIBASA branch, located at SADAR BAZAR,ABOVE HERO HONDA SHOWROOM in CHAIBASA, JHARKHAND. 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.
