IFSC Code of IDBI Bank, The Nagpur Dist Central Coop Bank Ltd Panchpaoli Branch, Maharashtra

Below are the complete branch details for IDBI Bank, THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI branch, located in NAGPUR, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0510N06. 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 IBKL0510N06 for IDBI Bank – THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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 THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI branch, the IFSC IBKL0510N06 breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 510N06 identifies this particular branch.

Branch details at a glance

Bank profile

IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The The Nagpur Dist Central Coop Bank Ltd Panchpaoli branch — IFSC IBKL0510N06 — extends the bank's services to customers in and around Nagpur, Maharashtra.

About the The Nagpur Dist Central Coop Bank Ltd Panchpaoli branch

The The Nagpur Dist Central Coop Bank Ltd Panchpaoli branch of IDBI Bank is situated at C O ANUSAYABAI MESHRAM,BARSE NAGAR,PANCHPAOLI,NAGPUR. 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 IBKL0510N06 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 THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI of IDBI Bank — its own 11-character IFSC. The code IBKL0510N06 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 IBKL0510N06 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 IBKL0510N06

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 IBKL0510N06 across all three.

NEFT to IDBI Bank, THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI using IFSC IBKL0510N06

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 IBKL0510N06, and confirm that the system picks up IDBI Bank – THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC IBKL0510N06

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 – THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI, ensure your bank's portal accepts IFSC IBKL0510N06 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to IDBI Bank – THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI, use IMPS. With IFSC IBKL0510N06 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to The Nagpur Dist Central Coop Bank Ltd Panchpaoli

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 IBKL0510N06:

• 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 THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI is still linked to IFSC IBKL0510N06.

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 IBKL0510N06

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 – THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI is still mapped to IFSC IBKL0510N06. 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 IBKL0510N06 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the The Nagpur Dist Central Coop Bank Ltd Panchpaoli branch is mapped to IFSC IBKL0510N06 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 IBKL0510N06.

Products and services

Customers walking into the The Nagpur Dist Central Coop Bank Ltd Panchpaoli 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 IBKL0510N06

MICR & cheque-truncation details

Cheques drawn on the The Nagpur Dist Central Coop Bank Ltd Panchpaoli branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0510N06 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Digital banking channels

Most day-to-day work that customers used to do at the The Nagpur Dist Central Coop Bank Ltd Panchpaoli 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 IBKL0510N06 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 IBKL0510N06

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 – THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI, 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: IBKL0510N06.
• 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.

How to reach the The Nagpur Dist Central Coop Bank Ltd Panchpaoli branch

The branch is located at C O ANUSAYABAI MESHRAM,BARSE NAGAR,PANCHPAOLI,NAGPUR, which puts it inside Nagpur, the broader Nagpur district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “IDBI Bank The Nagpur Dist Central Coop Bank Ltd Panchpaoli branch” — the verified location pin for IFSC IBKL0510N06 should appear at the top of the results.
2. Confirm the branch is open by calling 712-2640251 before stepping out, especially around public holidays.
3. 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 IBKL0510N06 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IBKL0510N06 for IDBI Bank – THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI, 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 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 The Nagpur Dist Central Coop Bank Ltd Panchpaoli branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0510N06, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IBKL0510N06 belongs to IDBI Bank's THE NAGPUR DIST CENTRAL COOP BANK LTD PANCHPAOLI branch, located at C O ANUSAYABAI MESHRAM,BARSE NAGAR,PANCHPAOLI,NAGPUR in NAGPUR, 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.