Use this page as a one-stop reference for everything related to IDBI Bank's MUZAFFARPUR RAC branch in MUZAFFARPUR, BIHAR. The branch's IFSC code IBKL0008020 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 – MUZAFFARPUR RAC is IBKL0008020. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 008020 map to this branch in MUZAFFARPUR, BIHAR.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Muzaffarpur Rac |
| IFSC Code | IBKL0008020 |
| MICR Code | Refer to cheque leaf |
| Branch Address | FIRST FLOOR,BHAWANI MARKET AKHARAGHAT ROAD |
| City | Muzaffarpur |
| District | Muzaffarpur |
| State | Bihar |
| STD Code | 91 |
| Phone | 8972418714 |
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Muzaffarpur Rac branch in Muzaffarpur, Bihar is part of this network and uses the IFSC code IBKL0008020 for all electronic settlement.
About the Muzaffarpur Rac branch
The Muzaffarpur Rac branch of IDBI Bank is situated at FIRST FLOOR,BHAWANI MARKET AKHARAGHAT ROAD. 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 IBKL0008020 is used.
Why every IDBI Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including MUZAFFARPUR RAC of IDBI Bank — its own 11-character IFSC. The code IBKL0008020 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC IBKL0008020 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC IBKL0008020
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 IBKL0008020 across all three.
NEFT to IDBI Bank, MUZAFFARPUR RAC using IFSC IBKL0008020
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 IBKL0008020, and confirm that the system picks up IDBI Bank – MUZAFFARPUR RAC. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IBKL0008020
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 – MUZAFFARPUR RAC, ensure your bank's portal accepts IFSC IBKL0008020 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDBI Bank MUZAFFARPUR RAC (IFSC IBKL0008020)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0008020 in your mobile or internet banking app, and the money is credited to the MUZAFFARPUR RAC branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0008020 for IDBI Bank – MUZAFFARPUR RAC, 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 – IBKL0008020 | Yes – IBKL0008020 | Yes – IBKL0008020 |
For most retail customers crediting the Muzaffarpur Rac 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 MUZAFFARPUR RAC branch, the IFSC IBKL0008020 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 Muzaffarpur Rac branch is mapped to IFSC IBKL0008020 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 IBKL0008020.
Products and services
Customers walking into the Muzaffarpur Rac 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 IBKL0008020
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 IBKL0008020 and the account number together uniquely identify the Muzaffarpur Rac branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Muzaffarpur Rac 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 IBKL0008020 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.
Common mistakes to avoid when using IFSC IBKL0008020
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 – MUZAFFARPUR RAC, 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:
IBKL0008020. - 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.
Reaching the branch
The Muzaffarpur Rac branch sits at FIRST FLOOR,BHAWANI MARKET AKHARAGHAT ROAD. If you are travelling from outside Muzaffarpur, search for the branch on a maps application using the bank name and locality, or call 91-8972418714 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 IBKL0008020 and your account number.
Verifying IFSC IBKL0008020 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 IBKL0008020 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-8972418714.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Muzaffarpur Rac 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 IBKL0008020 continue to work without interruption.
Branch address & contact
IDBI BankMuzaffarpur Rac Branch
FIRST FLOOR,BHAWANI MARKET AKHARAGHAT ROAD
Muzaffarpur, Bihar
Phone: 91-8972418714
IFSC: IBKL0008020
Frequently asked questions
Does IDBI Bank Muzaffarpur Rac branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-8972418714 to confirm.
Is IFSC IBKL0008020 valid for NEFT and RTGS?
Yes. IFSC IBKL0008020 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using IBKL0008020 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Muzaffarpur Rac reflect within 30 minutes.
Is IFSC IBKL0008020 the same for all accounts at Muzaffarpur Rac branch?
Yes. The IFSC IBKL0008020 is shared by every account held at IDBI Bank's Muzaffarpur Rac branch. Only the account number changes from customer to customer.
What is the phone number of IDBI Bank Muzaffarpur Rac branch?
You can reach the branch at 91-8972418714 during regular banking hours.
What is the IFSC code of IDBI Bank Muzaffarpur Rac branch?
The IFSC code of IDBI Bank, Muzaffarpur Rac branch is IBKL0008020. 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 Muzaffarpur Rac branch but serve different purposes.
Where is IDBI Bank Muzaffarpur Rac branch located?
IDBI Bank's Muzaffarpur Rac branch is located at FIRST FLOOR,BHAWANI MARKET AKHARAGHAT ROAD, Muzaffarpur, Bihar.
Summary
The IFSC code IBKL0008020 belongs to IDBI Bank's MUZAFFARPUR RAC branch, located at FIRST FLOOR,BHAWANI MARKET AKHARAGHAT ROAD in MUZAFFARPUR, BIHAR. 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.
