Below are the complete branch details for IDBI Bank, MOHALI branch, located in MOHALI, PUNJAB. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0000020. 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 IBKL0000020 for IDBI Bank – MOHALI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 – MOHALI is IBKL0000020. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000020 map to this branch in MOHALI, PUNJAB.
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mohali branch in Mohali, Punjab is part of this network and uses the IFSC code IBKL0000020 for all electronic settlement.
Mohali branch overview
Located at SCF 58, PHASE III B 2S.A.S NAGAR, the Mohali branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0000020 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Mohali |
| IFSC Code | IBKL0000020 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SCF 58, PHASE III B 2S.A.S NAGAR |
| City | Mohali |
| District | Rupnagar |
| State | Punjab |
| STD Code | 91 |
| Phone | 9814527191 |
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 MOHALI branch came to be assigned the code IBKL0000020.
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 IBKL0000020, money simply cannot be routed to the MOHALI branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by IDBI Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IBKL0000020 and the account number together uniquely identify the Mohali branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IBKL0000020
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 IBKL0000020 across all three.
NEFT to IDBI Bank, MOHALI using IFSC IBKL0000020
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 IBKL0000020, and confirm that the system picks up IDBI Bank – MOHALI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IBKL0000020
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 – MOHALI, ensure your bank's portal accepts IFSC IBKL0000020 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – MOHALI, use IMPS. With IFSC IBKL0000020 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000020 for IDBI Bank – MOHALI, 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 – IBKL0000020 | Yes – IBKL0000020 | Yes – IBKL0000020 |
For most retail customers crediting the Mohali 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 IBKL0000020
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 – MOHALI is still mapped to IFSC IBKL0000020. 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 IBKL0000020 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Mohali branch is mapped to IFSC IBKL0000020 on the RBI payments network. The branch generally supports the full retail product catalogue of IDBI Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains IBKL0000020.
Banking services available
The Mohali branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9814527191.
- 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 IBKL0000020
Digital banking channels
Most day-to-day work that customers used to do at the Mohali 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 IBKL0000020 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 Mohali branch
The branch is located at SCF 58, PHASE III B 2S.A.S NAGAR, which puts it inside Mohali, the broader Rupnagar district, and the state of Punjab. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Mohali branch” — the verified location pin for IFSC IBKL0000020 should appear at the top of the results.
- Confirm the branch is open by calling 91-9814527191 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 IBKL0000020 and your account number.
Common mistakes to avoid when using IFSC IBKL0000020
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 – MOHALI, 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:
IBKL0000020. - 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.
Working hours
Branch counters at Mohali 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 IBKL0000020 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IBKL0000020 for IDBI Bank – MOHALI, 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 address & contact
IDBI BankMohali Branch
SCF 58, PHASE III B 2S.A.S NAGAR
Mohali, Punjab
Phone: 91-9814527191
IFSC: IBKL0000020
Frequently asked questions
How do I add IDBI Bank Mohali as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0000020, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Mohali branch but serve different purposes.
Does IDBI Bank Mohali branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9814527191 to confirm.
Can I use IFSC IBKL0000020 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000020 to send funds instantly.
How quickly will an NEFT transfer using IBKL0000020 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Mohali reflect within 30 minutes.
Is IFSC IBKL0000020 the same for all accounts at Mohali branch?
Yes. The IFSC IBKL0000020 is shared by every account held at IDBI Bank's Mohali branch. Only the account number changes from customer to customer.
Where is IDBI Bank Mohali branch located?
IDBI Bank's Mohali branch is located at SCF 58, PHASE III B 2S.A.S NAGAR, Mohali, Punjab.
What is the IFSC code of IDBI Bank Mohali branch?
The IFSC code of IDBI Bank, Mohali branch is IBKL0000020. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: IBKL0000020 is the IFSC code of IDBI Bank, MOHALI branch, in MOHALI, PUNJAB. 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.
