IFSC Code of IDBI Bank, Krushiseva Urban Co Operative Bank Ltd Kole Branch, Maharashtra

This page lists the IFSC code, branch address, contact number and fund-transfer information for IDBI Bank, KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE branch in KOLE. The 11-digit IFSC IBKL0540KUC uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with IDBI Bank at the KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this 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 – KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE is IBKL0540KUC. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 540KUC map to this branch in KOLE, MAHARASHTRA.

About the bank

IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Krushiseva Urban Co Operative Bank Ltd Kole branch in Kole, Maharashtra is part of this network and uses the IFSC code IBKL0540KUC for all electronic settlement.

Branch details at a glance

About this branch

The branch is located at POST KOLE TAL SANGOLA DIST SOLAPUR,PIN 413314. It serves the Kole 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 IBKL0540KUC 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 KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE of IDBI Bank — its own 11-character IFSC. The code IBKL0540KUC 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 IBKL0540KUC the same way you would treat your account number — verify it once and save it carefully for future use.

Account types you can open at the Krushiseva Urban Co Operative Bank Ltd Kole branch

Once you have an account at IDBI Bank – KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE, the IFSC IBKL0540KUC 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 Krushiseva Urban Co Operative Bank Ltd Kole branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 218-7241296.

• 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 IBKL0540KUC

How to transfer money using IFSC IBKL0540KUC

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 IBKL0540KUC across all three.

How to use IFSC IBKL0540KUC for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC IBKL0540KUC.
4. Confirm the bank name auto-populates as IDBI Bank and the branch as KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC IBKL0540KUC

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 – KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE, ensure your bank's portal accepts IFSC IBKL0540KUC while registering the beneficiary. RTGS is also available 24x7.

IMPS to IDBI Bank KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE (IFSC IBKL0540KUC)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0540KUC in your mobile or internet banking app, and the money is credited to the KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Krushiseva Urban Co Operative Bank Ltd Kole

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 IBKL0540KUC:

• 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 KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE is still linked to IFSC IBKL0540KUC.

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 KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE branch, the IFSC IBKL0540KUC 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 Krushiseva Urban Co Operative Bank Ltd Kole 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 IBKL0540KUC 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 & cheque-truncation details

Cheques drawn on the Krushiseva Urban Co Operative Bank Ltd Kole branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0540KUC for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Common mistakes to avoid when using IFSC IBKL0540KUC

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 – KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE, 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: IBKL0540KUC.
• 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 Krushiseva Urban Co Operative Bank Ltd Kole branch

The branch is located at POST KOLE TAL SANGOLA DIST SOLAPUR,PIN 413314, which puts it inside Kole, the broader Solapur district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “IDBI Bank Krushiseva Urban Co Operative Bank Ltd Kole branch” — the verified location pin for IFSC IBKL0540KUC should appear at the top of the results.
2. Confirm the branch is open by calling 218-7241296 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 IBKL0540KUC and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IBKL0540KUC for IDBI Bank – KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE, 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 Krushiseva Urban Co Operative Bank Ltd Kole branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0540KUC, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL0540KUC is the IFSC code of IDBI Bank, KRUSHISEVA URBAN CO OPERATIVE BANK LTD KOLE branch, in KOLE, 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.