IFSC Code of IDBI Bank, Mangal Co Operative Bank Limited Malad West Branch, Maharashtra

Use this page as a one-stop reference for everything related to IDBI Bank's MANGAL CO OPERATIVE BANK LIMITED MALAD WEST branch in MUMBAI, MAHARASHTRA. The branch's IFSC code IBKL0691M02 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.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For IDBI Bank's MANGAL CO OPERATIVE BANK LIMITED MALAD WEST branch, the IFSC IBKL0691M02 breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 691M02 identifies this particular branch.

About IDBI Bank

IDBI Bank operates a wide network of branches across India, including the Mangal Co Operative Bank Limited Malad West branch in Mumbai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, IBKL0691M02.

About the Mangal Co Operative Bank Limited Malad West branch

The Mangal Co Operative Bank Limited Malad West branch of IDBI Bank is situated at SHOP NO 4,DHEERAJ GANGA BUILDING CHINCHOLI BUNDER ROAD MALAD WEST ,MUMBAI 400064. 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 IBKL0691M02 is used.

Branch details at a glance

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 MANGAL CO OPERATIVE BANK LIMITED MALAD WEST branch came to be assigned the code IBKL0691M02.

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 IBKL0691M02, money simply cannot be routed to the MANGAL CO OPERATIVE BANK LIMITED MALAD WEST branch electronically.

MICR & cheque-truncation details

Cheques drawn on the Mangal Co Operative Bank Limited Malad West branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0691M02 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC IBKL0691M02

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 IBKL0691M02 across all three.

How to use IFSC IBKL0691M02 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's MANGAL CO OPERATIVE BANK LIMITED MALAD WEST 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 IBKL0691M02.
4. Confirm the bank name auto-populates as IDBI Bank and the branch as MANGAL CO OPERATIVE BANK LIMITED MALAD WEST.
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 IBKL0691M02

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 – MANGAL CO OPERATIVE BANK LIMITED MALAD WEST, ensure your bank's portal accepts IFSC IBKL0691M02 while registering the beneficiary. RTGS is also available 24x7.

IMPS to IDBI Bank MANGAL CO OPERATIVE BANK LIMITED MALAD WEST (IFSC IBKL0691M02)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0691M02 in your mobile or internet banking app, and the money is credited to the MANGAL CO OPERATIVE BANK LIMITED MALAD WEST branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Mangal Co Operative Bank Limited Malad West

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 IBKL0691M02:

• 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 MANGAL CO OPERATIVE BANK LIMITED MALAD WEST is still linked to IFSC IBKL0691M02.

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 IBKL0691M02

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 – MANGAL CO OPERATIVE BANK LIMITED MALAD WEST is still mapped to IFSC IBKL0691M02. 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 IBKL0691M02 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Mangal Co Operative Bank Limited Malad West branch is mapped to IFSC IBKL0691M02 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 IBKL0691M02.

Products and services

Customers walking into the Mangal Co Operative Bank Limited Malad West 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 IBKL0691M02

Online banking and IFSC IBKL0691M02

IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the MANGAL CO OPERATIVE BANK LIMITED MALAD WEST 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 IBKL0691M02 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.

Reaching the branch

The Mangal Co Operative Bank Limited Malad West branch sits at SHOP NO 4,DHEERAJ GANGA BUILDING CHINCHOLI BUNDER ROAD MALAD WEST ,MUMBAI 400064. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-28826101 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 IBKL0691M02 and your account number.

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 – MANGAL CO OPERATIVE BANK LIMITED MALAD WEST:

• The IFSC is exactly IBKL0691M02 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 MANGAL CO OPERATIVE BANK LIMITED MALAD WEST 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.

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 Mangal Co Operative Bank Limited Malad West branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0691M02, however, work 24x7.

Verifying IFSC IBKL0691M02 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 IBKL0691M02 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 22-28826101.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IBKL0691M02 belongs to IDBI Bank's MANGAL CO OPERATIVE BANK LIMITED MALAD WEST branch, located at SHOP NO 4,DHEERAJ GANGA BUILDING CHINCHOLI BUNDER ROAD MALAD WEST ,MUMBAI… in MUMBAI, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.