IFSC Code of IDBI Bank, Shripatraodada Sahakari Bank Ltd Assembly Road Branch, Maharashtra

Use this page as a one-stop reference for everything related to IDBI Bank's SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD branch in KOLHAPUR, MAHARASHTRA. The branch's IFSC code IBKL0116SSB 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 – SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD is IBKL0116SSB. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 116SSB map to this branch in KOLHAPUR, MAHARASHTRA.

Branch details at a glance

About the bank

IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Shripatraodada Sahakari Bank Ltd Assembly Road branch in Kolhapur, Maharashtra is part of this network and uses the IFSC code IBKL0116SSB for all electronic settlement.

About this branch

The branch is located at 573 E WARD SHAHUPURI VYAPARI PETH KOLHAPUR. It serves the Kolhapur 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 IBKL0116SSB is used to identify this branch on the RBI payments network.

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 SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD branch came to be assigned the code IBKL0116SSB.

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 IBKL0116SSB, money simply cannot be routed to the SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD branch electronically.

How to transfer money using IFSC IBKL0116SSB

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 IBKL0116SSB across all three.

NEFT to IDBI Bank, SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD using IFSC IBKL0116SSB

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 IBKL0116SSB, and confirm that the system picks up IDBI Bank – SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC IBKL0116SSB

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 – SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD, ensure your bank's portal accepts IFSC IBKL0116SSB while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to IDBI Bank – SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD, use IMPS. With IFSC IBKL0116SSB and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Shripatraodada Sahakari Bank Ltd Assembly Road

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 IBKL0116SSB:

• 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 SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD is still linked to IFSC IBKL0116SSB.

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 SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD branch, the IFSC IBKL0116SSB 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.

Account types you can open at the Shripatraodada Sahakari Bank Ltd Assembly Road branch

Once you have an account at IDBI Bank – SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD, the IFSC IBKL0116SSB 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 Shripatraodada Sahakari Bank Ltd Assembly Road 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 IBKL0116SSB

MICR & cheque-truncation details

Cheques drawn on the Shripatraodada Sahakari Bank Ltd Assembly Road branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0116SSB for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Digital banking channels

Most day-to-day work that customers used to do at the Shripatraodada Sahakari Bank Ltd Assembly Road 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 IBKL0116SSB 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.

Common mistakes to avoid when using IFSC IBKL0116SSB

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 – SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD, 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: IBKL0116SSB.
• 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 Shripatraodada Sahakari Bank Ltd Assembly Road branch

The branch is located at 573 E WARD SHAHUPURI VYAPARI PETH KOLHAPUR, which puts it inside Kolhapur, the broader Kolhapur district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “IDBI Bank Shripatraodada Sahakari Bank Ltd Assembly Road branch” — the verified location pin for IFSC IBKL0116SSB should appear at the top of the results.
2. Confirm the branch is open by calling 231-2668066 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 IBKL0116SSB and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IBKL0116SSB for IDBI Bank – SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD, 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 Shripatraodada Sahakari Bank Ltd Assembly Road branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0116SSB, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL0116SSB is the IFSC code of IDBI Bank, SHRIPATRAODADA SAHAKARI BANK LTD ASSEMBLY ROAD 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.