Below are the complete branch details for IDBI Bank, RAC SOLAPUR branch, located in SOLAPUR, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0008031. 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 IBKL0008031 for IDBI Bank – RAC SOLAPUR — 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 – RAC SOLAPUR is IBKL0008031. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 008031 map to this branch in SOLAPUR, MAHARASHTRA.
About IDBI Bank
IDBI Bank operates a wide network of branches across India, including the Rac Solapur branch in Solapur. 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, IBKL0008031.
About the Rac Solapur branch
The Rac Solapur branch of IDBI Bank is situated at IDBI BANK LTD,RAC SOLAPUR,CS NO.5,A/2,SOUTH KASABA,DAMANI SHOPPING COMPLEX,NAVIPETH SOLAPUR - 413007. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code IBKL0008031 is used.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Rac Solapur |
| IFSC Code | IBKL0008031 |
| MICR Code | Refer to cheque leaf |
| Branch Address | IDBI BANK LTD,RAC SOLAPUR,CS NO.5,A/2,SOUTH KASABA,DAMANI SHOPPING COMPLEX,NAVIPETH SOLAPUR - 413007 |
| City | Solapur |
| District | Solapur |
| State | Maharashtra |
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 RAC SOLAPUR branch came to be assigned the code IBKL0008031.
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 IBKL0008031, money simply cannot be routed to the RAC SOLAPUR branch electronically.
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 IBKL0008031 and the account number together uniquely identify the Rac Solapur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IBKL0008031
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 IBKL0008031 across all three.
How to use IFSC IBKL0008031 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's RAC SOLAPUR 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 IBKL0008031.
- Confirm the bank name auto-populates as IDBI Bank and the branch as RAC SOLAPUR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to RAC SOLAPUR
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's RAC SOLAPUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0008031 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 – RAC SOLAPUR, use IMPS. With IFSC IBKL0008031 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 Rac Solapur
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 IBKL0008031:
- 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 RAC SOLAPUR is still linked to IFSC IBKL0008031.
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 RAC SOLAPUR branch, the IFSC IBKL0008031 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 Rac Solapur branch is mapped to IFSC IBKL0008031 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 IBKL0008031.
Banking services available
The Rac Solapur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.
- 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 IBKL0008031
Online banking and IFSC IBKL0008031
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the RAC SOLAPUR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC IBKL0008031 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Reaching the branch
The Rac Solapur branch sits at IDBI BANK LTD,RAC SOLAPUR,CS NO.5,A/2,SOUTH KASABA,DAMANI SHOPPING COMPLEX,NAVIPETH SOLAPUR - 413007. If you are travelling from outside Solapur, search for the branch on a maps application using the bank name and locality, or call the branch contact number 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 IBKL0008031 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 – RAC SOLAPUR:
- The IFSC is exactly IBKL0008031 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 RAC SOLAPUR 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.
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 Rac Solapur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0008031, however, work 24x7.
Verifying IFSC IBKL0008031 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 IBKL0008031 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- Visiting the bank's official branch locator page.
Branch address & contact
IDBI BankRac Solapur Branch
IDBI BANK LTD,RAC SOLAPUR,CS NO.5,A/2,SOUTH KASABA,DAMANI SHOPPING COMPLEX,NAVIPETH SOLAPUR - 413007
Solapur, Maharashtra
Phone: the branch contact number
IFSC: IBKL0008031
Frequently asked questions
Does IDBI Bank Rac Solapur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
Is IFSC IBKL0008031 valid for NEFT and RTGS?
Yes. IFSC IBKL0008031 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add IDBI Bank Rac Solapur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0008031, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is IDBI Bank Rac Solapur branch located?
IDBI Bank's Rac Solapur branch is located at IDBI BANK LTD,RAC SOLAPUR,CS NO.5,A/2,SOUTH KASABA,DAMANI SHOPPING COMPLEX,NAVIPETH SOLAPUR - 413007, Solapur, Maharashtra.
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 Rac Solapur branch but serve different purposes.
How quickly will an NEFT transfer using IBKL0008031 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Rac Solapur reflect within 30 minutes.
What is the phone number of IDBI Bank Rac Solapur branch?
You can reach the branch at the branch contact number during regular banking hours.
Summary
The IFSC code IBKL0008031 belongs to IDBI Bank's RAC SOLAPUR branch, located at IDBI BANK LTD,RAC SOLAPUR,CS NO.5,A/2,SOUTH KASABA,DAMANI SHOPPING… in SOLAPUR, 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.
