IFSC Code of IDBI Bank, Shri Veershaiv Co Op Bank Ltd Branch, Maharashtra

This page lists the IFSC code, branch address, contact number and fund-transfer information for IDBI Bank, SHRI VEERSHAIV CO OP BANK LTD branch in KOLHAPUR. The 11-digit IFSC IBKL0116VCB 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 SHRI VEERSHAIV CO OP BANK LTD 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.

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, IBKL0116VCB is the IFSC of IDBI Bank's SHRI VEERSHAIV CO OP BANK LTD branch. The format is fixed: IBKL = bank code, 0 = reserved, 116VCB = branch identifier.

Branch details at a glance

Bank profile

IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Shri Veershaiv Co Op Bank Ltd branch — IFSC IBKL0116VCB — extends the bank's services to customers in and around Kolhapur, Maharashtra.

About the Shri Veershaiv Co Op Bank Ltd branch

The Shri Veershaiv Co Op Bank Ltd branch of IDBI Bank is situated at SHRI VEERSHAIV CO OP BANK LTD 517A 1PLOT NO 6 SHIVAJI PARKTARARANI CHOWKKOLHAPUR 416001. 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 IBKL0116VCB is used.

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 SHRI VEERSHAIV CO OP BANK LTD of IDBI Bank — its own 11-character IFSC. The code IBKL0116VCB 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 IBKL0116VCB 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 IBKL0116VCB

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 IBKL0116VCB across all three.

NEFT to IDBI Bank, SHRI VEERSHAIV CO OP BANK LTD using IFSC IBKL0116VCB

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 IBKL0116VCB, and confirm that the system picks up IDBI Bank – SHRI VEERSHAIV CO OP BANK LTD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to SHRI VEERSHAIV CO OP BANK LTD

If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's SHRI VEERSHAIV CO OP BANK LTD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0116VCB while initiating the transfer and the credit will appear within minutes.

IMPS to IDBI Bank SHRI VEERSHAIV CO OP BANK LTD (IFSC IBKL0116VCB)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0116VCB in your mobile or internet banking app, and the money is credited to the SHRI VEERSHAIV CO OP BANK LTD branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Shri Veershaiv Co Op Bank Ltd

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 IBKL0116VCB:

• 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 SHRI VEERSHAIV CO OP BANK LTD is still linked to IFSC IBKL0116VCB.

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.

UPI payments and IFSC IBKL0116VCB

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 – SHRI VEERSHAIV CO OP BANK LTD is still mapped to IFSC IBKL0116VCB. 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 IBKL0116VCB and the beneficiary's account number to complete the transfer.

Account types you can open at the Shri Veershaiv Co Op Bank Ltd branch

Once you have an account at IDBI Bank – SHRI VEERSHAIV CO OP BANK LTD, the IFSC IBKL0116VCB 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.

Products and services

Customers walking into the Shri Veershaiv Co Op Bank Ltd 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 IBKL0116VCB

MICR & cheque-truncation details

Cheques drawn on the Shri Veershaiv Co Op Bank Ltd branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0116VCB for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC IBKL0116VCB

IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the SHRI VEERSHAIV CO OP BANK LTD 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 IBKL0116VCB 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.

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 – SHRI VEERSHAIV CO OP BANK LTD:

• The IFSC is exactly IBKL0116VCB 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 SHRI VEERSHAIV CO OP BANK LTD 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.

Reaching the branch

The Shri Veershaiv Co Op Bank Ltd branch sits at SHRI VEERSHAIV CO OP BANK LTD 517A 1PLOT NO 6 SHIVAJI PARKTARARANI CHOWKKOLHAPUR 416001. If you are travelling from outside Kolhapur, search for the branch on a maps application using the bank name and locality, or call 91-9341219536 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 IBKL0116VCB and your account number.

Verifying IFSC IBKL0116VCB 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 IBKL0116VCB by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 91-9341219536.
• 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 Shri Veershaiv Co Op Bank Ltd branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0116VCB, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL0116VCB is the IFSC code of IDBI Bank, SHRI VEERSHAIV CO OP BANK LTD branch, in KOLHAPUR, 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.