Below are the complete branch details for IDBI Bank, SANPADA branch, located in NEW MUMBAI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0000306. 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 IBKL0000306 for IDBI Bank – SANPADA — 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, IBKL0000306 is the IFSC of IDBI Bank's SANPADA branch. The format is fixed: IBKL = bank code, 0 = reserved, 000306 = branch identifier.
Bank profile
IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Sanpada branch — IFSC IBKL0000306 — extends the bank's services to customers in and around New Mumbai, Maharashtra.
About this branch
The branch is located at PLOT 1, QUEENS NECKLACE SHOPPING PARADISE, SECTOR 18, SANPADA, NAVI MUMBAI 400705. It serves the New Mumbai 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 IBKL0000306 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Sanpada |
| IFSC Code | IBKL0000306 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PLOT 1, QUEENS NECKLACE SHOPPING PARADISE, SECTOR 18, SANPADA, NAVI MUMBAI 400705 |
| City | New Mumbai |
| District | Thane |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 9702752778 |
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 SANPADA branch came to be assigned the code IBKL0000306.
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 IBKL0000306, money simply cannot be routed to the SANPADA branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Sanpada branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0000306 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC IBKL0000306
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 IBKL0000306 across all three.
NEFT to IDBI Bank, SANPADA using IFSC IBKL0000306
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 IBKL0000306, and confirm that the system picks up IDBI Bank – SANPADA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IBKL0000306
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 – SANPADA, ensure your bank's portal accepts IFSC IBKL0000306 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDBI Bank SANPADA (IFSC IBKL0000306)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0000306 in your mobile or internet banking app, and the money is credited to the SANPADA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000306 for IDBI Bank – SANPADA, 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 – IBKL0000306 | Yes – IBKL0000306 | Yes – IBKL0000306 |
For most retail customers crediting the Sanpada 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 IBKL0000306
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 – SANPADA is still mapped to IFSC IBKL0000306. 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 IBKL0000306 and the beneficiary's account number to complete the transfer.
Account types you can open at the Sanpada branch
Once you have an account at IDBI Bank – SANPADA, the IFSC IBKL0000306 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.
Banking services available
The Sanpada branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9702752778.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC IBKL0000306
Digital banking channels
Most day-to-day work that customers used to do at the Sanpada 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 IBKL0000306 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.
How to reach the Sanpada branch
The branch is located at PLOT 1, QUEENS NECKLACE SHOPPING PARADISE, SECTOR 18, SANPADA, NAVI MUMBAI 400705, which puts it inside New Mumbai, the broader Thane district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Sanpada branch” — the verified location pin for IFSC IBKL0000306 should appear at the top of the results.
- Confirm the branch is open by calling 91-9702752778 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 IBKL0000306 and your account number.
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 – SANPADA:
- The IFSC is exactly IBKL0000306 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 SANPADA 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.
Working hours
Branch counters at Sanpada 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 IBKL0000306 continue to work without interruption.
Verifying IFSC IBKL0000306 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 IBKL0000306 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9702752778.
- Visiting the bank's official branch locator page.
Branch address & contact
IDBI BankSanpada Branch
PLOT 1, QUEENS NECKLACE SHOPPING PARADISE, SECTOR 18, SANPADA, NAVI MUMBAI 400705
New Mumbai, Maharashtra
Phone: 91-9702752778
IFSC: IBKL0000306
Frequently asked questions
Where is IDBI Bank Sanpada branch located?
IDBI Bank's Sanpada branch is located at PLOT 1, QUEENS NECKLACE SHOPPING PARADISE, SECTOR 18, SANPADA, NAVI MUMBAI 400705, New Mumbai, Maharashtra.
Can I use IFSC IBKL0000306 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000306 to send funds instantly.
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 Sanpada branch but serve different purposes.
What is the phone number of IDBI Bank Sanpada branch?
You can reach the branch at 91-9702752778 during regular banking hours.
Is IFSC IBKL0000306 the same for all accounts at Sanpada branch?
Yes. The IFSC IBKL0000306 is shared by every account held at IDBI Bank's Sanpada branch. Only the account number changes from customer to customer.
How do I add IDBI Bank Sanpada as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0000306, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC IBKL0000306 valid for NEFT and RTGS?
Yes. IFSC IBKL0000306 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using IBKL0000306 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Sanpada reflect within 30 minutes.
Final notes
To recap: IBKL0000306 is the IFSC code of IDBI Bank, SANPADA branch, in NEW MUMBAI, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
