IFSC Code of IDBI Bank, Shankar Nagari Sahakari Bank Ltd Head Office Branch, Maharashtra

Below are the complete branch details for IDBI Bank, SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE branch, located in NANDED, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0500SNS. 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 IBKL0500SNS for IDBI Bank – SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, IBKL0500SNS is the IFSC of IDBI Bank's SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE branch. The format is fixed: IBKL = bank code, 0 = reserved, 500SNS = branch identifier.

About IDBI Bank

IDBI Bank operates a wide network of branches across India, including the Shankar Nagari Sahakari Bank Ltd Head Office branch in Nanded. 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, IBKL0500SNS.

Branch details at a glance

About the Shankar Nagari Sahakari Bank Ltd Head Office branch

The Shankar Nagari Sahakari Bank Ltd Head Office branch of IDBI Bank is situated at POKARNA COMPLEX NEW MONDHA NANDED MAHARASHTRA 431602. 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 IBKL0500SNS 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 SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE of IDBI Bank — its own 11-character IFSC. The code IBKL0500SNS 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 IBKL0500SNS the same way you would treat your account number — verify it once and save it carefully for future use.

Account types you can open at the Shankar Nagari Sahakari Bank Ltd Head Office branch

Once you have an account at IDBI Bank – SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE, the IFSC IBKL0500SNS 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 Shankar Nagari Sahakari Bank Ltd Head Office 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 IBKL0500SNS

How to transfer money using IFSC IBKL0500SNS

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 IBKL0500SNS across all three.

NEFT to IDBI Bank, SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE using IFSC IBKL0500SNS

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 IBKL0500SNS, and confirm that the system picks up IDBI Bank – SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE

If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0500SNS while initiating the transfer and the credit will appear within minutes.

IMPS to IDBI Bank SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE (IFSC IBKL0500SNS)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0500SNS in your mobile or internet banking app, and the money is credited to the SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC IBKL0500SNS for IDBI Bank – SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE, 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.

For most retail customers crediting the Shankar Nagari Sahakari Bank Ltd Head Office 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 SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE branch, the IFSC IBKL0500SNS 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.

Digital banking channels

Most day-to-day work that customers used to do at the Shankar Nagari Sahakari Bank Ltd Head Office 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 IBKL0500SNS 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.

MICR & cheque-truncation details

Cheques drawn on the Shankar Nagari Sahakari Bank Ltd Head Office branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0500SNS for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

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 – SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE:

• The IFSC is exactly IBKL0500SNS 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 SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE 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.

Reaching the branch

The Shankar Nagari Sahakari Bank Ltd Head Office branch sits at POKARNA COMPLEX NEW MONDHA NANDED MAHARASHTRA 431602. If you are travelling from outside Nanded, search for the branch on a maps application using the bank name and locality, or call 2462-225566 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 IBKL0500SNS and your account number.

Verifying IFSC IBKL0500SNS 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 IBKL0500SNS by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 2462-225566.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Shankar Nagari Sahakari Bank Ltd Head Office 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 IBKL0500SNS continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IBKL0500SNS belongs to IDBI Bank's SHANKAR NAGARI SAHAKARI BANK LTD HEAD OFFICE branch, located at POKARNA COMPLEX NEW MONDHA NANDED MAHARASHTRA 431602 in NANDED, 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.