Use this page as a one-stop reference for everything related to IDBI Bank's KARAD branch in KARAD, MAHARASHTRA. The branch's IFSC code IBKL0000470 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.
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 – KARAD is IBKL0000470. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000470 map to this branch in KARAD, MAHARASHTRA.
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Karad branch in Karad. 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, IBKL0000470.
About the Karad branch
The Karad branch of IDBI Bank is situated at 223/11, WANKAR BLDG., SHANIWAR PETH, KARAD, PINCODE - 415110. 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 IBKL0000470 is used.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Karad |
| IFSC Code | IBKL0000470 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 223/11, WANKAR BLDG., SHANIWAR PETH, KARAD, PINCODE - 415110 |
| City | Karad |
| District | Satara |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 9822542441 |
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 KARAD of IDBI Bank — its own 11-character IFSC. The code IBKL0000470 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 IBKL0000470 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Karad branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0000470 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC IBKL0000470
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 IBKL0000470 across all three.
NEFT to IDBI Bank, KARAD using IFSC IBKL0000470
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 IBKL0000470, and confirm that the system picks up IDBI Bank – KARAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to KARAD
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's KARAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0000470 while initiating the transfer and the credit will appear within minutes.
IMPS to IDBI Bank KARAD (IFSC IBKL0000470)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0000470 in your mobile or internet banking app, and the money is credited to the KARAD branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000470 for IDBI Bank – KARAD, 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 – IBKL0000470 | Yes – IBKL0000470 | Yes – IBKL0000470 |
For most retail customers crediting the Karad 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 IBKL0000470
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 – KARAD is still mapped to IFSC IBKL0000470. 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 IBKL0000470 and the beneficiary's account number to complete the transfer.
Account types you can open at the Karad branch
Once you have an account at IDBI Bank – KARAD, the IFSC IBKL0000470 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 Karad branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9822542441.
- 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 IBKL0000470
Digital banking channels
Most day-to-day work that customers used to do at the Karad 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 IBKL0000470 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.
How to reach the Karad branch
The branch is located at 223/11, WANKAR BLDG., SHANIWAR PETH, KARAD, PINCODE - 415110, which puts it inside Karad, the broader Satara district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Karad branch” — the verified location pin for IFSC IBKL0000470 should appear at the top of the results.
- Confirm the branch is open by calling 91-9822542441 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 IBKL0000470 and your account number.
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 – KARAD:
- The IFSC is exactly IBKL0000470 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 KARAD 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.
Working hours
Branch counters at Karad 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 IBKL0000470 continue to work without interruption.
Verifying IFSC IBKL0000470 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 IBKL0000470 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9822542441.
- Visiting the bank's official branch locator page.
Branch address & contact
IDBI BankKarad Branch
223/11, WANKAR BLDG., SHANIWAR PETH, KARAD, PINCODE - 415110
Karad, Maharashtra
Phone: 91-9822542441
IFSC: IBKL0000470
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 Karad branch but serve different purposes.
What is the IFSC code of IDBI Bank Karad branch?
The IFSC code of IDBI Bank, Karad branch is IBKL0000470. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add IDBI Bank Karad as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0000470, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is IDBI Bank Karad branch located?
IDBI Bank's Karad branch is located at 223/11, WANKAR BLDG., SHANIWAR PETH, KARAD, PINCODE - 415110, Karad, Maharashtra.
What is the phone number of IDBI Bank Karad branch?
You can reach the branch at 91-9822542441 during regular banking hours.
Is IFSC IBKL0000470 valid for NEFT and RTGS?
Yes. IFSC IBKL0000470 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC IBKL0000470 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000470 to send funds instantly.
Summary
The IFSC code IBKL0000470 belongs to IDBI Bank's KARAD branch, located at 223/11, WANKAR BLDG., SHANIWAR PETH, KARAD, PINCODE - 415110 in KARAD, MAHARASHTRA. 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.
