Use this page as a one-stop reference for everything related to IDBI Bank's MUNDHE branch in MUNDHE, MAHARASHTRA. The branch's IFSC code IBKL0001387 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 – MUNDHE is IBKL0001387. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001387 map to this branch in MUNDHE, MAHARASHTRA.
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mundhe branch in Mundhe, Maharashtra is part of this network and uses the IFSC code IBKL0001387 for all electronic settlement.
About this branch
The branch is located at JAMBHALE COMPLEX,KARAD PATAN ROAD,OPPOSITE AIR PORT,AT/POST MUNDHE TAL KARAD DIST SATARA 415124. It serves the Mundhe 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 IBKL0001387 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Mundhe |
| IFSC Code | IBKL0001387 |
| MICR Code | Refer to cheque leaf |
| Branch Address | JAMBHALE COMPLEX,KARAD PATAN ROAD,OPPOSITE AIR PORT,AT/POST MUNDHE TAL KARAD DIST SATARA 415124 |
| City | Mundhe |
| District | Satara |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 8983000081 |
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 MUNDHE branch came to be assigned the code IBKL0001387.
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 IBKL0001387, money simply cannot be routed to the MUNDHE 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 IBKL0001387 and the account number together uniquely identify the Mundhe branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IBKL0001387
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 IBKL0001387 across all three.
NEFT to IDBI Bank, MUNDHE using IFSC IBKL0001387
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 IBKL0001387, and confirm that the system picks up IDBI Bank – MUNDHE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MUNDHE
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's MUNDHE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0001387 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – MUNDHE, use IMPS. With IFSC IBKL0001387 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 IBKL0001387 for IDBI Bank – MUNDHE, 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 – IBKL0001387 | Yes – IBKL0001387 | Yes – IBKL0001387 |
For most retail customers crediting the Mundhe 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 IBKL0001387
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 – MUNDHE is still mapped to IFSC IBKL0001387. 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 IBKL0001387 and the beneficiary's account number to complete the transfer.
Account types you can open at the Mundhe branch
Once you have an account at IDBI Bank – MUNDHE, the IFSC IBKL0001387 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 Mundhe 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 IBKL0001387
Online banking and IFSC IBKL0001387
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the MUNDHE 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 IBKL0001387 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.
How to reach the Mundhe branch
The branch is located at JAMBHALE COMPLEX,KARAD PATAN ROAD,OPPOSITE AIR PORT,AT/POST MUNDHE TAL KARAD DIST SATARA 415124, which puts it inside Mundhe, the broader Satara district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Mundhe branch” — the verified location pin for IFSC IBKL0001387 should appear at the top of the results.
- Confirm the branch is open by calling 91-8983000081 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 IBKL0001387 and your account number.
Common mistakes to avoid when using IFSC IBKL0001387
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 – MUNDHE, 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:
IBKL0001387. - 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.
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 Mundhe branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0001387, however, work 24x7.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IBKL0001387 for IDBI Bank – MUNDHE, 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 BankMundhe Branch
JAMBHALE COMPLEX,KARAD PATAN ROAD,OPPOSITE AIR PORT,AT/POST MUNDHE TAL KARAD DIST SATARA 415124
Mundhe, Maharashtra
Phone: 91-8983000081
IFSC: IBKL0001387
Frequently asked questions
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 Mundhe branch but serve different purposes.
What is the phone number of IDBI Bank Mundhe branch?
You can reach the branch at 91-8983000081 during regular banking hours.
How quickly will an NEFT transfer using IBKL0001387 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Mundhe reflect within 30 minutes.
Where is IDBI Bank Mundhe branch located?
IDBI Bank's Mundhe branch is located at JAMBHALE COMPLEX,KARAD PATAN ROAD,OPPOSITE AIR PORT,AT/POST MUNDHE TAL KARAD DIST SATARA 415124, Mundhe, Maharashtra.
Is IFSC IBKL0001387 the same for all accounts at Mundhe branch?
Yes. The IFSC IBKL0001387 is shared by every account held at IDBI Bank's Mundhe branch. Only the account number changes from customer to customer.
Is IFSC IBKL0001387 valid for NEFT and RTGS?
Yes. IFSC IBKL0001387 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC IBKL0001387 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0001387 to send funds instantly.
What is the IFSC code of IDBI Bank Mundhe branch?
The IFSC code of IDBI Bank, Mundhe branch is IBKL0001387. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code IBKL0001387 belongs to IDBI Bank's MUNDHE branch, located at JAMBHALE COMPLEX,KARAD PATAN ROAD,OPPOSITE AIR PORT,AT/POST MUNDHE TAL KARAD… in MUNDHE, 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.
