Use this page as a one-stop reference for everything related to IDBI Bank's STATE TRANSPORT BANK PEN branch in PEN, MAHARASHTRA. The branch's IFSC code IBKL0617S14 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.
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, IBKL0617S14 is the IFSC of IDBI Bank's STATE TRANSPORT BANK PEN branch. The format is fixed: IBKL = bank code, 0 = reserved, 617S14 = branch identifier.
Bank profile
IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The State Transport Bank Pen branch — IFSC IBKL0617S14 — extends the bank's services to customers in and around Pen, Maharashtra.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | State Transport Bank Pen |
| IFSC Code | IBKL0617S14 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NEAR RAMWADI BUS STAND,PEN,DIST RAIGAD 402107 |
| City | Pen |
| District | Raigad |
| State | Maharashtra |
| STD Code | 2143 |
| Phone | 252446 |
State Transport Bank Pen branch overview
Located at NEAR RAMWADI BUS STAND,PEN,DIST RAIGAD 402107, the State Transport Bank Pen branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0617S14 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 PEN branch came to be assigned the code IBKL0617S14.
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 IBKL0617S14, money simply cannot be routed to the STATE TRANSPORT BANK PEN branch electronically.
Products and account variants supported
Every account opened at the State Transport Bank Pen branch is mapped to IFSC IBKL0617S14 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 IBKL0617S14.
Products and services
Customers walking into the State Transport Bank Pen 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 IBKL0617S14
How to transfer money using IFSC IBKL0617S14
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 IBKL0617S14 across all three.
NEFT to IDBI Bank, STATE TRANSPORT BANK PEN using IFSC IBKL0617S14
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 IBKL0617S14, and confirm that the system picks up IDBI Bank – STATE TRANSPORT BANK PEN. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to STATE TRANSPORT BANK PEN
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's STATE TRANSPORT BANK PEN branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0617S14 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to IDBI Bank – STATE TRANSPORT BANK PEN, use IMPS. With IFSC IBKL0617S14 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to State Transport Bank Pen
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 IBKL0617S14:
- 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 STATE TRANSPORT BANK PEN is still linked to IFSC IBKL0617S14.
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.
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 PEN branch, the IFSC IBKL0617S14 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.
Digital banking channels
Most day-to-day work that customers used to do at the State Transport Bank Pen 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 IBKL0617S14 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.
MICR & cheque-truncation details
Cheques drawn on the State Transport Bank Pen branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0617S14 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC IBKL0617S14
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 PEN, 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:
IBKL0617S14. - 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 State Transport Bank Pen branch sits at NEAR RAMWADI BUS STAND,PEN,DIST RAIGAD 402107. If you are travelling from outside Pen, search for the branch on a maps application using the bank name and locality, or call 2143-252446 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 IBKL0617S14 and your account number.
Verifying IFSC IBKL0617S14 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 IBKL0617S14 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2143-252446.
- 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 State Transport Bank Pen branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0617S14, however, work 24x7.
Branch address & contact
IDBI BankState Transport Bank Pen Branch
NEAR RAMWADI BUS STAND,PEN,DIST RAIGAD 402107
Pen, Maharashtra
Phone: 2143-252446
IFSC: IBKL0617S14
Frequently asked questions
How quickly will an NEFT transfer using IBKL0617S14 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – State Transport Bank Pen 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 State Transport Bank Pen branch but serve different purposes.
How do I add IDBI Bank State Transport Bank Pen as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0617S14, and complete OTP verification. Once activated, you can transfer funds at any time.
Does IDBI Bank State Transport Bank Pen branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2143-252446 to confirm.
Where is IDBI Bank State Transport Bank Pen branch located?
IDBI Bank's State Transport Bank Pen branch is located at NEAR RAMWADI BUS STAND,PEN,DIST RAIGAD 402107, Pen, Maharashtra.
Is IFSC IBKL0617S14 the same for all accounts at State Transport Bank Pen branch?
Yes. The IFSC IBKL0617S14 is shared by every account held at IDBI Bank's State Transport Bank Pen branch. Only the account number changes from customer to customer.
Final notes
To recap: IBKL0617S14 is the IFSC code of IDBI Bank, STATE TRANSPORT BANK PEN branch, in PEN, 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.
More Articles for IFSC Code
IFSC Code of Zila Sahakri Bank Limited Ghaziabad, Loni Branch, Uttar Pradesh
