Below are the complete branch details for IDBI Bank, SATARA WITECO branch, located in SATARA, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0000929. 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 IBKL0000929 for IDBI Bank – SATARA WITECO — 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 – SATARA WITECO is IBKL0000929. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000929 map to this branch in SATARA, MAHARASHTRA.
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Satara Witeco branch in Satara, Maharashtra is part of this network and uses the IFSC code IBKL0000929 for all electronic settlement.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Satara Witeco |
| IFSC Code | IBKL0000929 |
| MICR Code | Refer to cheque leaf |
| Branch Address | VISHWASTA BHAVAN,, 218 PRATAPGANJ PETH,, SATARA, PINCODE 415002 |
| City | Satara |
| District | Satara |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 66908532 |
About this branch
The branch is located at VISHWASTA BHAVAN,, 218 PRATAPGANJ PETH,, SATARA, PINCODE 415002. It serves the Satara 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 IBKL0000929 is used to identify this branch on the RBI payments network.
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 SATARA WITECO branch came to be assigned the code IBKL0000929.
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 IBKL0000929, money simply cannot be routed to the SATARA WITECO branch electronically.
Products and account variants supported
Every account opened at the Satara Witeco branch is mapped to IFSC IBKL0000929 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 IBKL0000929.
Banking services available
The Satara Witeco 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 IBKL0000929
How to transfer money using IFSC IBKL0000929
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 IBKL0000929 across all three.
NEFT to IDBI Bank, SATARA WITECO using IFSC IBKL0000929
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 IBKL0000929, and confirm that the system picks up IDBI Bank – SATARA WITECO. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to SATARA WITECO
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's SATARA WITECO branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0000929 while initiating the transfer and the credit will appear within minutes.
IMPS to IDBI Bank SATARA WITECO (IFSC IBKL0000929)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0000929 in your mobile or internet banking app, and the money is credited to the SATARA WITECO branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000929 for IDBI Bank – SATARA WITECO, 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 – IBKL0000929 | Yes – IBKL0000929 | Yes – IBKL0000929 |
For most retail customers crediting the Satara Witeco 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 IBKL0000929
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 – SATARA WITECO is still mapped to IFSC IBKL0000929. 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 IBKL0000929 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Satara Witeco 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 IBKL0000929 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 Satara Witeco branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IBKL0000929 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 IBKL0000929
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 – SATARA WITECO, 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:
IBKL0000929. - 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 Satara Witeco branch
The branch is located at VISHWASTA BHAVAN,, 218 PRATAPGANJ PETH,, SATARA, PINCODE 415002, which puts it inside Satara, the broader Satara district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “IDBI Bank Satara Witeco branch” — the verified location pin for IFSC IBKL0000929 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 IBKL0000929 and your account number.
Verifying IFSC IBKL0000929 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 IBKL0000929 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 Satara Witeco branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0000929, however, work 24x7.
Branch address & contact
IDBI BankSatara Witeco Branch
VISHWASTA BHAVAN,, 218 PRATAPGANJ PETH,, SATARA, PINCODE 415002
Satara, Maharashtra
Phone: 22-66908532
IFSC: IBKL0000929
Frequently asked questions
Where is IDBI Bank Satara Witeco branch located?
IDBI Bank's Satara Witeco branch is located at VISHWASTA BHAVAN,, 218 PRATAPGANJ PETH,, SATARA, PINCODE 415002, Satara, Maharashtra.
Is IFSC IBKL0000929 valid for NEFT and RTGS?
Yes. IFSC IBKL0000929 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add IDBI Bank Satara Witeco as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0000929, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of IDBI Bank Satara Witeco branch?
The IFSC code of IDBI Bank, Satara Witeco branch is IBKL0000929. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC IBKL0000929 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000929 to send funds instantly.
Does IDBI Bank Satara Witeco branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-66908532 to confirm.
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 Satara Witeco branch but serve different purposes.
What is the phone number of IDBI Bank Satara Witeco branch?
You can reach the branch at 22-66908532 during regular banking hours.
Final notes
To recap: IBKL0000929 is the IFSC code of IDBI Bank, SATARA WITECO branch, in SATARA, 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.
