IFSC Code of IDBI Bank, State Transport Bank Panchavati Branch, Maharashtra

Use this page as a one-stop reference for everything related to IDBI Bank's STATE TRANSPORT BANK PANCHAVATI branch in NASIK, MAHARASHTRA. The branch's IFSC code IBKL0617S43 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.

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 STATE TRANSPORT BANK PANCHAVATI branch, the IFSC IBKL0617S43 breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 617S43 identifies this particular branch.

Branch details at a glance

About the bank

IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its State Transport Bank Panchavati branch in Nasik, Maharashtra is part of this network and uses the IFSC code IBKL0617S43 for all electronic settlement.

State Transport Bank Panchavati branch overview

Located at S T PANCHAVATI DEPOT,OLD AADGAON NAKA,PANCHAVATI,NASIK 422003, the State Transport Bank Panchavati branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0617S43 is required for all interbank electronic transfers routed through this branch.

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 STATE TRANSPORT BANK PANCHAVATI branch came to be assigned the code IBKL0617S43.

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 IBKL0617S43, money simply cannot be routed to the STATE TRANSPORT BANK PANCHAVATI branch electronically.

How to transfer money using IFSC IBKL0617S43

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 IBKL0617S43 across all three.

How to use IFSC IBKL0617S43 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's STATE TRANSPORT BANK PANCHAVATI 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC IBKL0617S43.
4. Confirm the bank name auto-populates as IDBI Bank and the branch as STATE TRANSPORT BANK PANCHAVATI.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC IBKL0617S43

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 – STATE TRANSPORT BANK PANCHAVATI, ensure your bank's portal accepts IFSC IBKL0617S43 while registering the beneficiary. RTGS is also available 24x7.

IMPS to IDBI Bank STATE TRANSPORT BANK PANCHAVATI (IFSC IBKL0617S43)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0617S43 in your mobile or internet banking app, and the money is credited to the STATE TRANSPORT BANK PANCHAVATI branch account within seconds.

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

All three modes accept the IFSC IBKL0617S43 for IDBI Bank – STATE TRANSPORT BANK PANCHAVATI, 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 State Transport Bank Panchavati 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 STATE TRANSPORT BANK PANCHAVATI branch, the IFSC IBKL0617S43 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.

Account types you can open at the State Transport Bank Panchavati branch

Once you have an account at IDBI Bank – STATE TRANSPORT BANK PANCHAVATI, the IFSC IBKL0617S43 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 State Transport Bank Panchavati 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 IBKL0617S43

MICR & cheque-truncation details

Cheques drawn on the State Transport Bank Panchavati branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0617S43 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 State Transport Bank Panchavati 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 IBKL0617S43 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 IBKL0617S43

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 – STATE TRANSPORT BANK PANCHAVATI, 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: IBKL0617S43.
• 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 State Transport Bank Panchavati branch

The branch is located at S T PANCHAVATI DEPOT,OLD AADGAON NAKA,PANCHAVATI,NASIK 422003, which puts it inside Nasik, the broader Nasik district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “IDBI Bank State Transport Bank Panchavati branch” — the verified location pin for IFSC IBKL0617S43 should appear at the top of the results.
2. Confirm the branch is open by calling 253-2629752 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 IBKL0617S43 and your account number.

Verifying IFSC IBKL0617S43 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 IBKL0617S43 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 253-2629752.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at State Transport Bank Panchavati 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 IBKL0617S43 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IBKL0617S43 belongs to IDBI Bank's STATE TRANSPORT BANK PANCHAVATI branch, located at S T PANCHAVATI DEPOT,OLD AADGAON NAKA,PANCHAVATI,NASIK 422003 in NASIK, 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.