Below are the complete branch details for IDBI Bank, SAKHARPA branch, located in SAKHARPA, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0001698. 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 IBKL0001698 for IDBI Bank – SAKHARPA — 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 SAKHARPA branch, the IFSC IBKL0001698 breaks down as follows: IBKL identifies the bank, 0 is the reserved character, and 001698 identifies this particular branch.
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Sakharpa branch in Sakharpa. 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, IBKL0001698.
About this branch
The branch is located at GANDHI S BUILDING 279,A,B,KONDGAON SAKHARPA,TAL -SANGMESHWAR,RATNAGIRI,MAHARASHTRA -415801. It serves the Sakharpa 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 IBKL0001698 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Sakharpa |
| IFSC Code | IBKL0001698 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GANDHI S BUILDING 279,A,B,KONDGAON SAKHARPA,TAL -SANGMESHWAR,RATNAGIRI,MAHARASHTRA -415801 |
| City | Sakharpa |
| District | Ratnagiri |
| State | Maharashtra |
| STD Code | 2354 |
| Phone | 248033 |
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 SAKHARPA of IDBI Bank — its own 11-character IFSC. The code IBKL0001698 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 IBKL0001698 the same way you would treat your account number — verify it once and save it carefully for future use.
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 IBKL0001698 and the account number together uniquely identify the Sakharpa branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IBKL0001698
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 IBKL0001698 across all three.
NEFT to IDBI Bank, SAKHARPA using IFSC IBKL0001698
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 IBKL0001698, and confirm that the system picks up IDBI Bank – SAKHARPA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to SAKHARPA
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's SAKHARPA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0001698 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 – SAKHARPA, use IMPS. With IFSC IBKL0001698 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 IBKL0001698 for IDBI Bank – SAKHARPA, 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 – IBKL0001698 | Yes – IBKL0001698 | Yes – IBKL0001698 |
For most retail customers crediting the Sakharpa 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 SAKHARPA branch, the IFSC IBKL0001698 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.
Products and account variants supported
Every account opened at the Sakharpa branch is mapped to IFSC IBKL0001698 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 IBKL0001698.
Banking services available
The Sakharpa branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2354-248033.
- 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 IBKL0001698
Digital banking channels
Most day-to-day work that customers used to do at the Sakharpa 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 IBKL0001698 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.
How to reach the Sakharpa branch
The branch is located at GANDHI S BUILDING 279,A,B,KONDGAON SAKHARPA,TAL -SANGMESHWAR,RATNAGIRI,MAHARASHTRA -415801, which puts it inside Sakharpa, the broader Ratnagiri district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Sakharpa branch” — the verified location pin for IFSC IBKL0001698 should appear at the top of the results.
- Confirm the branch is open by calling 2354-248033 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 IBKL0001698 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 – SAKHARPA:
- The IFSC is exactly IBKL0001698 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 SAKHARPA 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 Sakharpa 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 IBKL0001698 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IBKL0001698 for IDBI Bank – SAKHARPA, 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 BankSakharpa Branch
GANDHI S BUILDING 279,A,B,KONDGAON SAKHARPA,TAL -SANGMESHWAR,RATNAGIRI,MAHARASHTRA -415801
Sakharpa, Maharashtra
Phone: 2354-248033
IFSC: IBKL0001698
Frequently asked questions
What is the phone number of IDBI Bank Sakharpa branch?
You can reach the branch at 2354-248033 during regular banking hours.
How quickly will an NEFT transfer using IBKL0001698 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Sakharpa 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 Sakharpa branch but serve different purposes.
Can I use IFSC IBKL0001698 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0001698 to send funds instantly.
Is IFSC IBKL0001698 the same for all accounts at Sakharpa branch?
Yes. The IFSC IBKL0001698 is shared by every account held at IDBI Bank's Sakharpa branch. Only the account number changes from customer to customer.
How do I add IDBI Bank Sakharpa as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0001698, and complete OTP verification. Once activated, you can transfer funds at any time.
Final notes
To recap: IBKL0001698 is the IFSC code of IDBI Bank, SAKHARPA branch, in SAKHARPA, 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.
