Below are the complete branch details for IDBI Bank, KARAJGAON branch, located in PALGHAR, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0002053. 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 IBKL0002053 for IDBI Bank – KARAJGAON — 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, IBKL0002053 is the IFSC of IDBI Bank's KARAJGAON branch. The format is fixed: IBKL = bank code, 0 = reserved, 002053 = branch identifier.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Karajgaon |
| IFSC Code | IBKL0002053 |
| MICR Code | Refer to cheque leaf |
| Branch Address | R LR YESH CMPLEX ATAND PST KARAJAN |
| City | Palghar |
| District | Thane |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 8418062626 |
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Karajgaon branch in Palghar, Maharashtra is part of this network and uses the IFSC code IBKL0002053 for all electronic settlement.
About the Karajgaon branch
The Karajgaon branch of IDBI Bank is situated at R LR YESH CMPLEX ATAND PST KARAJAN. 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 IBKL0002053 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 KARAJGAON of IDBI Bank — its own 11-character IFSC. The code IBKL0002053 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 IBKL0002053 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 IBKL0002053
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 IBKL0002053 across all three.
How to use IFSC IBKL0002053 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's KARAJGAON 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).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC IBKL0002053.
- Confirm the bank name auto-populates as IDBI Bank and the branch as KARAJGAON.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to KARAJGAON
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's KARAJGAON branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0002053 while initiating the transfer and the credit will appear within minutes.
IMPS to IDBI Bank KARAJGAON (IFSC IBKL0002053)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0002053 in your mobile or internet banking app, and the money is credited to the KARAJGAON branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Karajgaon
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 IBKL0002053:
- 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 KARAJGAON is still linked to IFSC IBKL0002053.
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 IBKL0002053
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 – KARAJGAON is still mapped to IFSC IBKL0002053. 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 IBKL0002053 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Karajgaon branch is mapped to IFSC IBKL0002053 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 IBKL0002053.
Banking services available
The Karajgaon branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-8418062626.
- 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 IBKL0002053
MICR & cheque-truncation details
Cheques drawn on the Karajgaon branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0002053 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC IBKL0002053
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the KARAJGAON 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 IBKL0002053 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.
Common mistakes to avoid when using IFSC IBKL0002053
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 – KARAJGAON, 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:
IBKL0002053. - 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.
Reaching the branch
The Karajgaon branch sits at R LR YESH CMPLEX ATAND PST KARAJAN. If you are travelling from outside Palghar, search for the branch on a maps application using the bank name and locality, or call 91-8418062626 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 IBKL0002053 and your account number.
Verifying IFSC IBKL0002053 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 IBKL0002053 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-8418062626.
- Visiting the bank's official branch locator page.
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 Karajgaon branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0002053, however, work 24x7.
Branch address & contact
IDBI BankKarajgaon Branch
R LR YESH CMPLEX ATAND PST KARAJAN
Palghar, Maharashtra
Phone: 91-8418062626
IFSC: IBKL0002053
Frequently asked questions
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 Karajgaon branch but serve different purposes.
How quickly will an NEFT transfer using IBKL0002053 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Karajgaon reflect within 30 minutes.
Can I use IFSC IBKL0002053 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0002053 to send funds instantly.
Is IFSC IBKL0002053 the same for all accounts at Karajgaon branch?
Yes. The IFSC IBKL0002053 is shared by every account held at IDBI Bank's Karajgaon branch. Only the account number changes from customer to customer.
How do I add IDBI Bank Karajgaon as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0002053, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of IDBI Bank Karajgaon branch?
You can reach the branch at 91-8418062626 during regular banking hours.
What is the IFSC code of IDBI Bank Karajgaon branch?
The IFSC code of IDBI Bank, Karajgaon branch is IBKL0002053. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code IBKL0002053 belongs to IDBI Bank's KARAJGAON branch, located at R LR YESH CMPLEX ATAND PST KARAJAN in PALGHAR, 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.
