Below are the complete branch details for IDBI Bank, RETAIL ASSET INDORE branch, located in INDORE, MADHYA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0000808. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case IBKL0000808 for IDBI Bank – RETAIL ASSET INDORE — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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, IBKL0000808 is the IFSC of IDBI Bank's RETAIL ASSET INDORE branch. The format is fixed: IBKL = bank code, 0 = reserved, 000808 = branch identifier.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Retail Asset Indore |
| IFSC Code | IBKL0000808 |
| MICR Code | Refer to cheque leaf |
| Branch Address | RETAIL ASSEST CENTRE ,I FLOOR ALANKAR CHAMBER ,RATLAM KOTHI,GITA BHAVAN SQUARE ,AB ROAD,INDORE ,MP 452001 |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| STD Code | 731 |
| Phone | 4008801 |
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Retail Asset Indore branch in Indore, Madhya Pradesh is part of this network and uses the IFSC code IBKL0000808 for all electronic settlement.
About this branch
The branch is located at RETAIL ASSEST CENTRE ,I FLOOR ALANKAR CHAMBER ,RATLAM KOTHI,GITA BHAVAN SQUARE ,AB ROAD,INDORE ,MP 452001. It serves the Indore 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 IBKL0000808 is used to identify this branch on the RBI payments network.
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 RETAIL ASSET INDORE of IDBI Bank — its own 11-character IFSC. The code IBKL0000808 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 IBKL0000808 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC IBKL0000808
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 IBKL0000808 across all three.
How to use IFSC IBKL0000808 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's RETAIL ASSET INDORE 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 IBKL0000808.
- Confirm the bank name auto-populates as IDBI Bank and the branch as RETAIL ASSET INDORE.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IBKL0000808
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 – RETAIL ASSET INDORE, ensure your bank's portal accepts IFSC IBKL0000808 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – RETAIL ASSET INDORE, use IMPS. With IFSC IBKL0000808 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000808 for IDBI Bank – RETAIL ASSET INDORE, 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 – IBKL0000808 | Yes – IBKL0000808 | Yes – IBKL0000808 |
For most retail customers crediting the Retail Asset Indore 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 IBKL0000808
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 – RETAIL ASSET INDORE is still mapped to IFSC IBKL0000808. 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 IBKL0000808 and the beneficiary's account number to complete the transfer.
Account types you can open at the Retail Asset Indore branch
Once you have an account at IDBI Bank – RETAIL ASSET INDORE, the IFSC IBKL0000808 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.
Banking services available
The Retail Asset Indore branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 731-4008801.
- 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 IBKL0000808
MICR & cheque-truncation details
Cheques drawn on the Retail Asset Indore branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0000808 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC IBKL0000808
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the RETAIL ASSET INDORE 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 IBKL0000808 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.
Common mistakes to avoid when using IFSC IBKL0000808
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 – RETAIL ASSET INDORE, 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:
IBKL0000808. - 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.
Reaching the branch
The Retail Asset Indore branch sits at RETAIL ASSEST CENTRE ,I FLOOR ALANKAR CHAMBER ,RATLAM KOTHI,GITA BHAVAN SQUARE ,AB ROAD,INDORE ,MP 452001. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 731-4008801 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 IBKL0000808 and your account number.
Verifying IFSC IBKL0000808 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 IBKL0000808 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 731-4008801.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Retail Asset Indore 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 IBKL0000808 continue to work without interruption.
Branch address & contact
IDBI BankRetail Asset Indore Branch
RETAIL ASSEST CENTRE ,I FLOOR ALANKAR CHAMBER ,RATLAM KOTHI,GITA BHAVAN SQUARE ,AB ROAD,INDORE ,MP 452001
Indore, Madhya Pradesh
Phone: 731-4008801
IFSC: IBKL0000808
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 Retail Asset Indore branch but serve different purposes.
Can I use IFSC IBKL0000808 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000808 to send funds instantly.
How quickly will an NEFT transfer using IBKL0000808 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Retail Asset Indore reflect within 30 minutes.
Where is IDBI Bank Retail Asset Indore branch located?
IDBI Bank's Retail Asset Indore branch is located at RETAIL ASSEST CENTRE ,I FLOOR ALANKAR CHAMBER ,RATLAM KOTHI,GITA BHAVAN SQUARE ,AB ROAD,INDORE ,MP 452001, Indore, Madhya Pradesh.
Is IFSC IBKL0000808 valid for NEFT and RTGS?
Yes. IFSC IBKL0000808 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC IBKL0000808 the same for all accounts at Retail Asset Indore branch?
Yes. The IFSC IBKL0000808 is shared by every account held at IDBI Bank's Retail Asset Indore branch. Only the account number changes from customer to customer.
Does IDBI Bank Retail Asset Indore branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 731-4008801 to confirm.
Final notes
To recap: IBKL0000808 is the IFSC code of IDBI Bank, RETAIL ASSET INDORE branch, in INDORE, MADHYA PRADESH. 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.
