IFSC Code of IDBI Bank, State Transport Bank Malegaon Branch, Maharashtra

Below are the complete branch details for IDBI Bank, STATE TRANSPORT BANK MALEGAON branch, located in MALEGAON, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0617S07. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case IBKL0617S07 for IDBI Bank – STATE TRANSPORT BANK MALEGAON — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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, IBKL0617S07 is the IFSC of IDBI Bank's STATE TRANSPORT BANK MALEGAON branch. The format is fixed: IBKL = bank code, 0 = reserved, 617S07 = branch identifier.

About the bank

IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its State Transport Bank Malegaon branch in Malegaon, Maharashtra is part of this network and uses the IFSC code IBKL0617S07 for all electronic settlement.

Branch details at a glance

State Transport Bank Malegaon branch overview

Located at S LR NEW S SAND BLDG A PS 7 ALUKAMALEGANDISNASIK 423203, the State Transport Bank Malegaon branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0617S07 is required for all interbank electronic transfers routed through this branch.

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 STATE TRANSPORT BANK MALEGAON branch came to be assigned the code IBKL0617S07.

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 IBKL0617S07, money simply cannot be routed to the STATE TRANSPORT BANK MALEGAON branch electronically.

Account types you can open at the State Transport Bank Malegaon branch

Once you have an account at IDBI Bank – STATE TRANSPORT BANK MALEGAON, the IFSC IBKL0617S07 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 State Transport Bank Malegaon 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 IBKL0617S07

How to transfer money using IFSC IBKL0617S07

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 IBKL0617S07 across all three.

NEFT to IDBI Bank, STATE TRANSPORT BANK MALEGAON using IFSC IBKL0617S07

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 IBKL0617S07, and confirm that the system picks up IDBI Bank – STATE TRANSPORT BANK MALEGAON. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to STATE TRANSPORT BANK MALEGAON

If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's STATE TRANSPORT BANK MALEGAON branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0617S07 while initiating the transfer and the credit will appear within minutes.

IMPS to IDBI Bank STATE TRANSPORT BANK MALEGAON (IFSC IBKL0617S07)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0617S07 in your mobile or internet banking app, and the money is credited to the STATE TRANSPORT BANK MALEGAON branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to State Transport Bank Malegaon

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 IBKL0617S07:

• 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 STATE TRANSPORT BANK MALEGAON is still linked to IFSC IBKL0617S07.

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 IBKL0617S07

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 – STATE TRANSPORT BANK MALEGAON is still mapped to IFSC IBKL0617S07. 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 IBKL0617S07 and the beneficiary's account number to complete the transfer.

Online banking and IFSC IBKL0617S07

IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the STATE TRANSPORT BANK MALEGAON 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 IBKL0617S07 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.

MICR & cheque-truncation details

Cheques drawn on the State Transport Bank Malegaon branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0617S07 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

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 – STATE TRANSPORT BANK MALEGAON:

• The IFSC is exactly IBKL0617S07 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 STATE TRANSPORT BANK MALEGAON 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 State Transport Bank Malegaon branch sits at S LR NEW S SAND BLDG A PS 7 ALUKAMALEGANDISNASIK 423203. If you are travelling from outside Malegaon, search for the branch on a maps application using the bank name and locality, or call 2554-234353 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 IBKL0617S07 and your account number.

Verifying IFSC IBKL0617S07 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 IBKL0617S07 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 2554-234353.
• 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 State Transport Bank Malegaon branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0617S07, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL0617S07 is the IFSC code of IDBI Bank, STATE TRANSPORT BANK MALEGAON branch, in MALEGAON, 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.