Below are the complete branch details for IDBI Bank, SAKHARPETH SOLAPU branch, located in SOLAPUR, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0000575. 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 IBKL0000575 for IDBI Bank – SAKHARPETH SOLAPU — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, IBKL0000575 is the IFSC of IDBI Bank's SAKHARPETH SOLAPU branch. The format is fixed: IBKL = bank code, 0 = reserved, 000575 = branch identifier.
Branch details at a glance
| Bank Name | IDBI Bank |
|---|---|
| Branch | Sakharpeth Solapu |
| IFSC Code | IBKL0000575 |
| MICR Code | Refer to cheque leaf |
| Branch Address | KAMDHENU, 266, SAKHARPETH,, PB NO 516, SAKHARPETH, PINCODE 413005 |
| City | Solapur |
| District | Sholapur |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 66908532 |
About the bank
IDBI Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Sakharpeth Solapu branch in Solapur, Maharashtra is part of this network and uses the IFSC code IBKL0000575 for all electronic settlement.
About this branch
The branch is located at KAMDHENU, 266, SAKHARPETH,, PB NO 516, SAKHARPETH, PINCODE 413005. It serves the Solapur 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 IBKL0000575 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 SAKHARPETH SOLAPU of IDBI Bank — its own 11-character IFSC. The code IBKL0000575 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 IBKL0000575 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 IBKL0000575
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 IBKL0000575 across all three.
How to use IFSC IBKL0000575 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's SAKHARPETH SOLAPU 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 IBKL0000575.
- Confirm the bank name auto-populates as IDBI Bank and the branch as SAKHARPETH SOLAPU.
- 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 SAKHARPETH SOLAPU
If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's SAKHARPETH SOLAPU branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0000575 while initiating the transfer and the credit will appear within minutes.
IMPS to IDBI Bank SAKHARPETH SOLAPU (IFSC IBKL0000575)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0000575 in your mobile or internet banking app, and the money is credited to the SAKHARPETH SOLAPU branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IBKL0000575 for IDBI Bank – SAKHARPETH SOLAPU, 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 – IBKL0000575 | Yes – IBKL0000575 | Yes – IBKL0000575 |
For most retail customers crediting the Sakharpeth Solapu 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 SAKHARPETH SOLAPU branch, the IFSC IBKL0000575 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.
Account types you can open at the Sakharpeth Solapu branch
Once you have an account at IDBI Bank – SAKHARPETH SOLAPU, the IFSC IBKL0000575 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.
Products and services
Customers walking into the Sakharpeth Solapu branch can access most of IDBI Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC IBKL0000575
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 IBKL0000575 and the account number together uniquely identify the Sakharpeth Solapu branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IBKL0000575
IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the SAKHARPETH SOLAPU 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 IBKL0000575 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.
Common mistakes to avoid when using IFSC IBKL0000575
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 – SAKHARPETH SOLAPU, 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:
IBKL0000575. - 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 Sakharpeth Solapu branch sits at KAMDHENU, 266, SAKHARPETH,, PB NO 516, SAKHARPETH, PINCODE 413005. If you are travelling from outside Solapur, search for the branch on a maps application using the bank name and locality, or call 22-66908532 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 IBKL0000575 and your account number.
Verifying IFSC IBKL0000575 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 IBKL0000575 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.
Working hours
Branch counters at Sakharpeth Solapu 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 IBKL0000575 continue to work without interruption.
Branch address & contact
IDBI BankSakharpeth Solapu Branch
KAMDHENU, 266, SAKHARPETH,, PB NO 516, SAKHARPETH, PINCODE 413005
Solapur, Maharashtra
Phone: 22-66908532
IFSC: IBKL0000575
Frequently asked questions
What is the IFSC code of IDBI Bank Sakharpeth Solapu branch?
The IFSC code of IDBI Bank, Sakharpeth Solapu branch is IBKL0000575. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add IDBI Bank Sakharpeth Solapu as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IBKL0000575, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of IDBI Bank Sakharpeth Solapu branch?
You can reach the branch at 22-66908532 during regular banking hours.
How quickly will an NEFT transfer using IBKL0000575 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to IDBI Bank – Sakharpeth Solapu reflect within 30 minutes.
Is IFSC IBKL0000575 valid for NEFT and RTGS?
Yes. IFSC IBKL0000575 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC IBKL0000575 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IBKL0000575 to send funds instantly.
Summary
The IFSC code IBKL0000575 belongs to IDBI Bank's SAKHARPETH SOLAPU branch, located at KAMDHENU, 266, SAKHARPETH,, PB NO 516, SAKHARPETH, PINCODE 413005 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.
