IFSC Code of IDBI Bank, Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch Branch, Maharashtra

Below are the complete branch details for IDBI Bank, SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH branch, located in SANGLI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0487SL1. 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 IBKL0487SL1 for IDBI Bank – SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for IDBI Bank – SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH is IBKL0487SL1. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 487SL1 map to this branch in SANGLI, MAHARASHTRA.

About the bank

IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch branch in Sangli, Maharashtra is part of this network and uses the IFSC code IBKL0487SL1 for all electronic settlement.

Branch details at a glance

Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch branch overview

Located at 134,SOUTH SHIVAJINAGAR,SANGLI 416416, the Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IBKL0487SL1 is required for all interbank electronic transfers routed through this branch.

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 SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH of IDBI Bank — its own 11-character IFSC. The code IBKL0487SL1 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 IBKL0487SL1 the same way you would treat your account number — verify it once and save it carefully for future use.

Account types you can open at the Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch branch

Once you have an account at IDBI Bank – SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH, the IFSC IBKL0487SL1 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 Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 233-2324076.

• 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 IBKL0487SL1

How to transfer money using IFSC IBKL0487SL1

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 IBKL0487SL1 across all three.

How to use IFSC IBKL0487SL1 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC IBKL0487SL1.
4. Confirm the bank name auto-populates as IDBI Bank and the branch as SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC IBKL0487SL1

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 – SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH, ensure your bank's portal accepts IFSC IBKL0487SL1 while registering the beneficiary. RTGS is also available 24x7.

IMPS to IDBI Bank SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH (IFSC IBKL0487SL1)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0487SL1 in your mobile or internet banking app, and the money is credited to the SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC IBKL0487SL1 for IDBI Bank – SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH, 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.

For most retail customers crediting the Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch 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 SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH branch, the IFSC IBKL0487SL1 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 Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch 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 IBKL0487SL1 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 Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0487SL1 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 IBKL0487SL1

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 – SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH, 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: IBKL0487SL1.
• 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 Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch branch sits at 134,SOUTH SHIVAJINAGAR,SANGLI 416416. If you are travelling from outside Sangli, search for the branch on a maps application using the bank name and locality, or call 233-2324076 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 IBKL0487SL1 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IBKL0487SL1 for IDBI Bank – SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH, 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.

Working hours

Branch counters at Shree Laxmi Mahila Sahakari Bank Ltd Sangli Main Branch 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 IBKL0487SL1 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IBKL0487SL1 belongs to IDBI Bank's SHREE LAXMI MAHILA SAHAKARI BANK LTD SANGLI MAIN BRANCH branch, located at 134,SOUTH SHIVAJINAGAR,SANGLI 416416 in SANGLI, 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.