Below are the complete branch details for IDBI Bank, PANVEL branch, located in PANVEL, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0000521. 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 IBKL0000521 for IDBI Bank – PANVEL — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 PANVEL branch, the IFSC IBKL0000521 breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 000521 identifies this particular branch.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Panvel |
| IFSC Code | IBKL0000521 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MAHESH BHAVAN, BEHIND TELEPHONE EXCHANGE,, TAPAL NAKAPANVEL, PINCODE 410206 |
| City | Panvel |
| District | Raigad |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 66908532 |
Bank profile
IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Panvel branch — IFSC IBKL0000521 — extends the bank's services to customers in and around Panvel, Maharashtra.
About this branch
The branch is located at MAHESH BHAVAN, BEHIND TELEPHONE EXCHANGE,, TAPAL NAKAPANVEL, PINCODE 410206. It serves the Panvel 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 IBKL0000521 is used to identify this branch on the RBI payments network.
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 PANVEL of IDBI Bank — its own 11-character IFSC. The code IBKL0000521 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 IBKL0000521 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 IBKL0000521
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 IBKL0000521 across all three.
NEFT to IDBI Bank, PANVEL using IFSC IBKL0000521
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 IBKL0000521, and confirm that the system picks up IDBI Bank – PANVEL. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IBKL0000521
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 – PANVEL, ensure your bank's portal accepts IFSC IBKL0000521 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – PANVEL, use IMPS. With IFSC IBKL0000521 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000521 for IDBI Bank – PANVEL, 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 – IBKL0000521 | Yes – IBKL0000521 | Yes – IBKL0000521 |
For most retail customers crediting the Panvel 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 PANVEL branch, the IFSC IBKL0000521 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 Panvel branch
Once you have an account at IDBI Bank – PANVEL, the IFSC IBKL0000521 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 Panvel branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-66908532.
- 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 IBKL0000521
MICR & cheque-truncation details
Cheques drawn on the Panvel branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0000521 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC IBKL0000521
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the PANVEL 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 IBKL0000521 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 IBKL0000521
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 – PANVEL, 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:
IBKL0000521. - 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 Panvel branch
The branch is located at MAHESH BHAVAN, BEHIND TELEPHONE EXCHANGE,, TAPAL NAKAPANVEL, PINCODE 410206, which puts it inside Panvel, the broader Raigad district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Panvel branch” — the verified location pin for IFSC IBKL0000521 should appear at the top of the results.
- Confirm the branch is open by calling 22-66908532 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 IBKL0000521 and your account number.
Verifying IFSC IBKL0000521 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 IBKL0000521 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-66908532.
- 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 Panvel branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0000521, however, work 24x7.
Branch address & contact
IDBI BankPanvel Branch
MAHESH BHAVAN, BEHIND TELEPHONE EXCHANGE,, TAPAL NAKAPANVEL, PINCODE 410206
Panvel, Maharashtra
Phone: 22-66908532
IFSC: IBKL0000521
Frequently asked questions
Is IFSC IBKL0000521 valid for NEFT and RTGS?
Yes. IFSC IBKL0000521 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of IDBI Bank Panvel branch?
The IFSC code of IDBI Bank, Panvel branch is IBKL0000521. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is IDBI Bank Panvel branch located?
IDBI Bank's Panvel branch is located at MAHESH BHAVAN, BEHIND TELEPHONE EXCHANGE,, TAPAL NAKAPANVEL, PINCODE 410206, Panvel, Maharashtra.
How quickly will an NEFT transfer using IBKL0000521 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Panvel 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 Panvel branch but serve different purposes.
What is the phone number of IDBI Bank Panvel branch?
You can reach the branch at 22-66908532 during regular banking hours.
Is IFSC IBKL0000521 the same for all accounts at Panvel branch?
Yes. The IFSC IBKL0000521 is shared by every account held at IDBI Bank's Panvel branch. Only the account number changes from customer to customer.
Final notes
To recap: IBKL0000521 is the IFSC code of IDBI Bank, PANVEL branch, in PANVEL, 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.
