IFSC Code of IDBI Bank, The Deola Merchant S Co Operative Bank Ltd Deola Branch, Maharashtra

Use this page as a one-stop reference for everything related to IDBI Bank's THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA branch in DEOLA, MAHARASHTRA. The branch's IFSC code IBKL0157001 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

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, IBKL0157001 is the IFSC of IDBI Bank's THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA branch. The format is fixed: IBKL = bank code, 0 = reserved, 157001 = branch identifier.

About IDBI Bank

IDBI Bank operates a wide network of branches across India, including the The Deola Merchant S Co Operative Bank Ltd Deola branch in Deola. 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, IBKL0157001.

Branch details at a glance

The Deola Merchant S Co Operative Bank Ltd Deola branch overview

Located at BHAGYODAY,DEOLA,TAL DEOLA,DIST NASHIK 423102, the The Deola Merchant S Co Operative Bank Ltd Deola branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0157001 is required for all interbank electronic transfers routed through this branch.

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 THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA branch came to be assigned the code IBKL0157001.

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 IBKL0157001, money simply cannot be routed to the THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA branch electronically.

Products and account variants supported

Every account opened at the The Deola Merchant S Co Operative Bank Ltd Deola branch is mapped to IFSC IBKL0157001 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 IBKL0157001.

Banking services available

The The Deola Merchant S Co Operative Bank Ltd Deola branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2592-228362.

• 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 IBKL0157001

How to transfer money using IFSC IBKL0157001

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 IBKL0157001 across all three.

NEFT to IDBI Bank, THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA using IFSC IBKL0157001

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 IBKL0157001, and confirm that the system picks up IDBI Bank – THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA

If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0157001 while initiating the transfer and the credit will appear within minutes.

IMPS to IDBI Bank THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA (IFSC IBKL0157001)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0157001 in your mobile or internet banking app, and the money is credited to the THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to The Deola Merchant S Co Operative Bank Ltd Deola

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 IBKL0157001:

• 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 THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA is still linked to IFSC IBKL0157001.

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 THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA branch, the IFSC IBKL0157001 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 IBKL0157001

IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA 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 IBKL0157001 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 The Deola Merchant S Co Operative Bank Ltd Deola branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0157001 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 – THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA:

• The IFSC is exactly IBKL0157001 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 THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA 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 The Deola Merchant S Co Operative Bank Ltd Deola branch

The branch is located at BHAGYODAY,DEOLA,TAL DEOLA,DIST NASHIK 423102, which puts it inside Deola, the broader Nasik district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “IDBI Bank The Deola Merchant S Co Operative Bank Ltd Deola branch” — the verified location pin for IFSC IBKL0157001 should appear at the top of the results.
2. Confirm the branch is open by calling 2592-228362 before stepping out, especially around public holidays.
3. 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 IBKL0157001 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IBKL0157001 for IDBI Bank – THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA, 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 The Deola Merchant S Co Operative Bank Ltd Deola branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0157001, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL0157001 is the IFSC code of IDBI Bank, THE DEOLA MERCHANT S CO OPERATIVE BANK LTD DEOLA branch, in DEOLA, 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.