Use this page as a one-stop reference for everything related to IDBI Bank's PALA branch in PALAI, KERALA. The branch's IFSC code IBKL0001506 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 PALA branch, the IFSC IBKL0001506 breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 001506 identifies this particular branch.
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Pala branch in Palai. 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, IBKL0001506.
About the Pala branch
The Pala branch of IDBI Bank is situated at DZDSICD686575. 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 IBKL0001506 is used.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Pala |
| IFSC Code | IBKL0001506 |
| MICR Code | Refer to cheque leaf |
| Branch Address | DZDSICD686575 |
| City | Palai |
| District | Kottayam |
| State | Kerala |
| STD Code | 91 |
| Phone | 9847261177 |
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 PALA branch came to be assigned the code IBKL0001506.
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 IBKL0001506, money simply cannot be routed to the PALA branch electronically.
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 IBKL0001506 and the account number together uniquely identify the Pala branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IBKL0001506
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 IBKL0001506 across all three.
NEFT to IDBI Bank, PALA using IFSC IBKL0001506
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 IBKL0001506, and confirm that the system picks up IDBI Bank – PALA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IBKL0001506
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 – PALA, ensure your bank's portal accepts IFSC IBKL0001506 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDBI Bank PALA (IFSC IBKL0001506)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0001506 in your mobile or internet banking app, and the money is credited to the PALA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0001506 for IDBI Bank – PALA, 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 – IBKL0001506 | Yes – IBKL0001506 | Yes – IBKL0001506 |
For most retail customers crediting the Pala 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 IBKL0001506
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 – PALA is still mapped to IFSC IBKL0001506. 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 IBKL0001506 and the beneficiary's account number to complete the transfer.
Account types you can open at the Pala branch
Once you have an account at IDBI Bank – PALA, the IFSC IBKL0001506 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 Pala branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9847261177.
- 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 IBKL0001506
Online banking and IFSC IBKL0001506
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the PALA branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC IBKL0001506 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
How to reach the Pala branch
The branch is located at DZDSICD686575, which puts it inside Palai, the broader Kottayam district, and the state of Kerala. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Pala branch” — the verified location pin for IFSC IBKL0001506 should appear at the top of the results.
- Confirm the branch is open by calling 91-9847261177 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 IBKL0001506 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 – PALA:
- The IFSC is exactly IBKL0001506 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 PALA 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 Pala 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 IBKL0001506 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IBKL0001506 for IDBI Bank – PALA, 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 address & contact
IDBI BankPala Branch
DZDSICD686575
Palai, Kerala
Phone: 91-9847261177
IFSC: IBKL0001506
Frequently asked questions
What is the phone number of IDBI Bank Pala branch?
You can reach the branch at 91-9847261177 during regular banking hours.
Can I use IFSC IBKL0001506 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0001506 to send funds instantly.
How quickly will an NEFT transfer using IBKL0001506 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Pala reflect within 30 minutes.
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 Pala branch but serve different purposes.
How do I add IDBI Bank Pala as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0001506, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is IDBI Bank Pala branch located?
IDBI Bank's Pala branch is located at DZDSICD686575, Palai, Kerala.
Is IFSC IBKL0001506 the same for all accounts at Pala branch?
Yes. The IFSC IBKL0001506 is shared by every account held at IDBI Bank's Pala branch. Only the account number changes from customer to customer.
Summary
The IFSC code IBKL0001506 belongs to IDBI Bank's PALA branch, located at DZDSICD686575 in PALAI, KERALA. 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.
