This page lists the IFSC code, branch address, contact number and fund-transfer information for IDBI Bank, PHALTAN branch in PHALTAN. The 11-digit IFSC IBKL0000468 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with IDBI Bank at the PHALTAN location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
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 PHALTAN branch, the IFSC IBKL0000468 breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 000468 identifies this particular branch.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Phaltan |
| IFSC Code | IBKL0000468 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SR.NO.39/1 LAXMINAGER, DR DESHAPANDE BLDG., PHALTAN.415523., PINCODE - 415523 |
| City | Phaltan |
| District | Satara |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 9173001666 |
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Phaltan branch in Phaltan. 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, IBKL0000468.
About this branch
The branch is located at SR.NO.39/1 LAXMINAGER, DR DESHAPANDE BLDG., PHALTAN.415523., PINCODE - 415523. It serves the Phaltan 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 IBKL0000468 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 PHALTAN of IDBI Bank — its own 11-character IFSC. The code IBKL0000468 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 IBKL0000468 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 IBKL0000468
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 IBKL0000468 across all three.
How to use IFSC IBKL0000468 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's PHALTAN 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 IBKL0000468.
- Confirm the bank name auto-populates as IDBI Bank and the branch as PHALTAN.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IBKL0000468
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 – PHALTAN, ensure your bank's portal accepts IFSC IBKL0000468 while registering the beneficiary. RTGS is also available 24x7.
IMPS to IDBI Bank PHALTAN (IFSC IBKL0000468)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0000468 in your mobile or internet banking app, and the money is credited to the PHALTAN branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000468 for IDBI Bank – PHALTAN, 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 – IBKL0000468 | Yes – IBKL0000468 | Yes – IBKL0000468 |
For most retail customers crediting the Phaltan 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 IBKL0000468
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 – PHALTAN is still mapped to IFSC IBKL0000468. 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 IBKL0000468 and the beneficiary's account number to complete the transfer.
Account types you can open at the Phaltan branch
Once you have an account at IDBI Bank – PHALTAN, the IFSC IBKL0000468 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 Phaltan branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9173001666.
- 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 IBKL0000468
MICR & cheque-truncation details
Cheques drawn on the Phaltan branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0000468 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Phaltan 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 IBKL0000468 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.
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 – PHALTAN:
- The IFSC is exactly IBKL0000468 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 PHALTAN 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.
How to reach the Phaltan branch
The branch is located at SR.NO.39/1 LAXMINAGER, DR DESHAPANDE BLDG., PHALTAN.415523., PINCODE - 415523, which puts it inside Phaltan, the broader Satara district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Phaltan branch” — the verified location pin for IFSC IBKL0000468 should appear at the top of the results.
- Confirm the branch is open by calling 91-9173001666 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 IBKL0000468 and your account number.
Verifying IFSC IBKL0000468 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 IBKL0000468 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9173001666.
- 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 Phaltan branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0000468, however, work 24x7.
Branch address & contact
IDBI BankPhaltan Branch
SR.NO.39/1 LAXMINAGER, DR DESHAPANDE BLDG., PHALTAN.415523., PINCODE - 415523
Phaltan, Maharashtra
Phone: 91-9173001666
IFSC: IBKL0000468
Frequently asked questions
Is IFSC IBKL0000468 valid for NEFT and RTGS?
Yes. IFSC IBKL0000468 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is IDBI Bank Phaltan branch located?
IDBI Bank's Phaltan branch is located at SR.NO.39/1 LAXMINAGER, DR DESHAPANDE BLDG., PHALTAN.415523., PINCODE - 415523, Phaltan, Maharashtra.
How quickly will an NEFT transfer using IBKL0000468 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Phaltan reflect within 30 minutes.
Is IFSC IBKL0000468 the same for all accounts at Phaltan branch?
Yes. The IFSC IBKL0000468 is shared by every account held at IDBI Bank's Phaltan branch. Only the account number changes from customer to customer.
How do I add IDBI Bank Phaltan as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0000468, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC IBKL0000468 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000468 to send funds instantly.
Does IDBI Bank Phaltan branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9173001666 to confirm.
Summary
The IFSC code IBKL0000468 belongs to IDBI Bank's PHALTAN branch, located at SR.NO.39/1 LAXMINAGER, DR DESHAPANDE BLDG., PHALTAN.415523., PINCODE - 415523 in PHALTAN, 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.
