Use this page as a one-stop reference for everything related to IDBI Bank's SUDAMA NAGAR branch in INDORE, MADHYA PRADESH. The branch's IFSC code IBKL0001040 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, IBKL0001040 is the IFSC of IDBI Bank's SUDAMA NAGAR branch. The format is fixed: IBKL = bank code, 0 = reserved, 001040 = branch identifier.
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Sudama Nagar branch in Indore. 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, IBKL0001040.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Sudama Nagar |
| IFSC Code | IBKL0001040 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 475 SUDAMA NAGAR , NEAR SETHI GATE |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9934167000 |
About the Sudama Nagar branch
The Sudama Nagar branch of IDBI Bank is situated at 475 SUDAMA NAGAR , NEAR SETHI GATE. 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 IBKL0001040 is used.
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 SUDAMA NAGAR branch came to be assigned the code IBKL0001040.
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 IBKL0001040, money simply cannot be routed to the SUDAMA NAGAR branch electronically.
Products and account variants supported
Every account opened at the Sudama Nagar branch is mapped to IFSC IBKL0001040 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 IBKL0001040.
Products and services
Customers walking into the Sudama Nagar 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 IBKL0001040
How to transfer money using IFSC IBKL0001040
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 IBKL0001040 across all three.
How to use IFSC IBKL0001040 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's SUDAMA NAGAR 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 IBKL0001040.
- Confirm the bank name auto-populates as IDBI Bank and the branch as SUDAMA NAGAR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IBKL0001040
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 – SUDAMA NAGAR, ensure your bank's portal accepts IFSC IBKL0001040 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDBI Bank SUDAMA NAGAR (IFSC IBKL0001040)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0001040 in your mobile or internet banking app, and the money is credited to the SUDAMA NAGAR branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Sudama Nagar
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 IBKL0001040:
- 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 SUDAMA NAGAR is still linked to IFSC IBKL0001040.
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 SUDAMA NAGAR branch, the IFSC IBKL0001040 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.
Digital banking channels
Most day-to-day work that customers used to do at the Sudama Nagar 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 IBKL0001040 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 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 IBKL0001040 and the account number together uniquely identify the Sudama Nagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC IBKL0001040
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 – SUDAMA NAGAR, 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:
IBKL0001040. - 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.
How to reach the Sudama Nagar branch
The branch is located at 475 SUDAMA NAGAR , NEAR SETHI GATE, which puts it inside Indore, the broader Indore district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Sudama Nagar branch” — the verified location pin for IFSC IBKL0001040 should appear at the top of the results.
- Confirm the branch is open by calling 91-9934167000 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 IBKL0001040 and your account number.
Verifying IFSC IBKL0001040 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 IBKL0001040 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9934167000.
- Visiting the bank's official branch locator page.
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 Sudama Nagar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0001040, however, work 24x7.
Branch address & contact
IDBI BankSudama Nagar Branch
475 SUDAMA NAGAR , NEAR SETHI GATE
Indore, Madhya Pradesh
Phone: 91-9934167000
IFSC: IBKL0001040
Frequently asked questions
Where is IDBI Bank Sudama Nagar branch located?
IDBI Bank's Sudama Nagar branch is located at 475 SUDAMA NAGAR , NEAR SETHI GATE, Indore, Madhya Pradesh.
What is the phone number of IDBI Bank Sudama Nagar branch?
You can reach the branch at 91-9934167000 during regular banking hours.
Does IDBI Bank Sudama Nagar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9934167000 to confirm.
What is the IFSC code of IDBI Bank Sudama Nagar branch?
The IFSC code of IDBI Bank, Sudama Nagar branch is IBKL0001040. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Sudama Nagar branch but serve different purposes.
Is IFSC IBKL0001040 the same for all accounts at Sudama Nagar branch?
Yes. The IFSC IBKL0001040 is shared by every account held at IDBI Bank's Sudama Nagar branch. Only the account number changes from customer to customer.
Is IFSC IBKL0001040 valid for NEFT and RTGS?
Yes. IFSC IBKL0001040 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add IDBI Bank Sudama Nagar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0001040, and complete OTP verification. Once activated, you can transfer funds at any time.
Final notes
To recap: IBKL0001040 is the IFSC code of IDBI Bank, SUDAMA NAGAR 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.
