Below are the complete branch details for IDBI Bank, WADALA branch, located in MUMBAI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0001487. 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 IBKL0001487 for IDBI Bank – WADALA — 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 – WADALA is IBKL0001487. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001487 map to this branch in MUMBAI, MAHARASHTRA.
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Wadala 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, IBKL0001487.
Wadala branch overview
Located at UNIT NUMBER 5,WADALA UDYOG BHAVAN,NAIGAON CROSS ROAD,WADALA,MUMBAI400031, the Wadala branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0001487 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Wadala |
| IFSC Code | IBKL0001487 |
| MICR Code | Refer to cheque leaf |
| Branch Address | UNIT NUMBER 5,WADALA UDYOG BHAVAN,NAIGAON CROSS ROAD,WADALA,MUMBAI400031 |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 9029666007 |
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 WADALA branch came to be assigned the code IBKL0001487.
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 IBKL0001487, money simply cannot be routed to the WADALA branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Wadala branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0001487 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 IBKL0001487
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 IBKL0001487 across all three.
How to use IFSC IBKL0001487 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's WADALA 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).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC IBKL0001487.
- Confirm the bank name auto-populates as IDBI Bank and the branch as WADALA.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IBKL0001487
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 – WADALA, ensure your bank's portal accepts IFSC IBKL0001487 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – WADALA, use IMPS. With IFSC IBKL0001487 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 IBKL0001487 for IDBI Bank – WADALA, 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 – IBKL0001487 | Yes – IBKL0001487 | Yes – IBKL0001487 |
For most retail customers crediting the Wadala 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.
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 WADALA branch, the IFSC IBKL0001487 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.
Products and account variants supported
Every account opened at the Wadala branch is mapped to IFSC IBKL0001487 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 IBKL0001487.
Banking services available
The Wadala branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9029666007.
- 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 IBKL0001487
Digital banking channels
Most day-to-day work that customers used to do at the Wadala 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 IBKL0001487 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.
Reaching the branch
The Wadala branch sits at UNIT NUMBER 5,WADALA UDYOG BHAVAN,NAIGAON CROSS ROAD,WADALA,MUMBAI400031. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 91-9029666007 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 IBKL0001487 and your account number.
Common mistakes to avoid when using IFSC IBKL0001487
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 – WADALA, 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:
IBKL0001487. - 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 Wadala 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 IBKL0001487 continue to work without interruption.
Verifying IFSC IBKL0001487 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 IBKL0001487 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9029666007.
- Visiting the bank's official branch locator page.
Branch address & contact
IDBI BankWadala Branch
UNIT NUMBER 5,WADALA UDYOG BHAVAN,NAIGAON CROSS ROAD,WADALA,MUMBAI400031
Mumbai, Maharashtra
Phone: 91-9029666007
IFSC: IBKL0001487
Frequently asked questions
Where is IDBI Bank Wadala branch located?
IDBI Bank's Wadala branch is located at UNIT NUMBER 5,WADALA UDYOG BHAVAN,NAIGAON CROSS ROAD,WADALA,MUMBAI400031, Mumbai, Maharashtra.
How quickly will an NEFT transfer using IBKL0001487 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Wadala reflect within 30 minutes.
What is the IFSC code of IDBI Bank Wadala branch?
The IFSC code of IDBI Bank, Wadala branch is IBKL0001487. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Wadala branch but serve different purposes.
Is IFSC IBKL0001487 valid for NEFT and RTGS?
Yes. IFSC IBKL0001487 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of IDBI Bank Wadala branch?
You can reach the branch at 91-9029666007 during regular banking hours.
Summary
The IFSC code IBKL0001487 belongs to IDBI Bank's WADALA branch, located at UNIT NUMBER 5,WADALA UDYOG BHAVAN,NAIGAON CROSS ROAD,WADALA,MUMBAI400031 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.
