IFSC Code of IDBI Bank, Mangal Co Operative Bank Limited Mira Road East Branch, Maharashtra

Below are the complete branch details for IDBI Bank, MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST branch, located in THANE, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0691M05. 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 IBKL0691M05 for IDBI Bank – MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST — 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, IBKL0691M05 is the IFSC of IDBI Bank's MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST branch. The format is fixed: IBKL = bank code, 0 = reserved, 691M05 = branch identifier.

Branch details at a glance

About IDBI Bank

IDBI Bank operates a wide network of branches across India, including the Mangal Co Operative Bank Limited Mira Road East branch in Thane. 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, IBKL0691M05.

About this branch

The branch is located at SHOP NO 1,2 AND 3 IRAISA BLDG NEXT TO MIRA ROAD POLICE STATION,KANAKIA PARK,MIRA ROAD EAST ,DIST THANE 401107. It serves the Thane 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 IBKL0691M05 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 MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST of IDBI Bank — its own 11-character IFSC. The code IBKL0691M05 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 IBKL0691M05 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 IBKL0691M05

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 IBKL0691M05 across all three.

How to use IFSC IBKL0691M05 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST 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 IBKL0691M05.
4. Confirm the bank name auto-populates as IDBI Bank and the branch as MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST.
5. 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 MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST

If you need to transfer ₹2 lakh or more in one go to an account at IDBI Bank's MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IBKL0691M05 while initiating the transfer and the credit will appear within minutes.

IMPS to IDBI Bank MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST (IFSC IBKL0691M05)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0691M05 in your mobile or internet banking app, and the money is credited to the MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Mangal Co Operative Bank Limited Mira Road East

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 IBKL0691M05:

• 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 MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST is still linked to IFSC IBKL0691M05.

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.

UPI payments and IFSC IBKL0691M05

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 – MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST is still mapped to IFSC IBKL0691M05. 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 IBKL0691M05 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Mangal Co Operative Bank Limited Mira Road East branch is mapped to IFSC IBKL0691M05 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 IBKL0691M05.

Banking services available

The Mangal Co Operative Bank Limited Mira Road East branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-28124155.

• 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 IBKL0691M05

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 IBKL0691M05 and the account number together uniquely identify the Mangal Co Operative Bank Limited Mira Road East branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Digital banking channels

Most day-to-day work that customers used to do at the Mangal Co Operative Bank Limited Mira Road East 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 IBKL0691M05 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.

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 – MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST:

• The IFSC is exactly IBKL0691M05 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 MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST 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.

How to reach the Mangal Co Operative Bank Limited Mira Road East branch

The branch is located at SHOP NO 1,2 AND 3 IRAISA BLDG NEXT TO MIRA ROAD POLICE STATION,KANAKIA PARK,MIRA ROAD EAST ,DIST THANE 401107, which puts it inside Thane, the broader Thane district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “IDBI Bank Mangal Co Operative Bank Limited Mira Road East branch” — the verified location pin for IFSC IBKL0691M05 should appear at the top of the results.
2. Confirm the branch is open by calling 22-28124155 before stepping out, especially around public holidays.
3. 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 IBKL0691M05 and your account number.

Verifying IFSC IBKL0691M05 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 IBKL0691M05 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 22-28124155.
• 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 Mangal Co Operative Bank Limited Mira Road East branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0691M05, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL0691M05 is the IFSC code of IDBI Bank, MANGAL CO OPERATIVE BANK LIMITED MIRA ROAD EAST branch, in THANE, 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.