IFSC Code of IDBI Bank, Retail Asset Virar Branch, Maharashtra

Below are the complete branch details for IDBI Bank, RETAIL ASSET VIRAR branch, located in VIRAR, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is IBKL0008005. 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 IBKL0008005 for IDBI Bank – RETAIL ASSET VIRAR — 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 – RETAIL ASSET VIRAR is IBKL0008005. The first four letters IBKL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 008005 map to this branch in VIRAR, MAHARASHTRA.

Bank profile

IDBI Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Retail Asset Virar branch — IFSC IBKL0008005 — extends the bank's services to customers in and around Virar, Maharashtra.

Branch details at a glance

About the Retail Asset Virar branch

The Retail Asset Virar branch of IDBI Bank is situated at IDBI BANK LTD, RAC, 1ST FLR, PARIKH COMMERCIAL COMPLEX, AGASHE ROAD, ABOVE ICICI BANK, VIRAR W. 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 IBKL0008005 is used.

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 RETAIL ASSET VIRAR branch came to be assigned the code IBKL0008005.

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 IBKL0008005, money simply cannot be routed to the RETAIL ASSET VIRAR branch electronically.

Products and account variants supported

Every account opened at the Retail Asset Virar branch is mapped to IFSC IBKL0008005 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 IBKL0008005.

Products and services

Customers walking into the Retail Asset Virar 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 IBKL0008005

How to transfer money using IFSC IBKL0008005

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 IBKL0008005 across all three.

How to use IFSC IBKL0008005 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to IDBI Bank's RETAIL ASSET VIRAR 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 IBKL0008005.
4. Confirm the bank name auto-populates as IDBI Bank and the branch as RETAIL ASSET VIRAR.
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 IBKL0008005

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 – RETAIL ASSET VIRAR, ensure your bank's portal accepts IFSC IBKL0008005 while registering the beneficiary. RTGS is also available 24x7.

IMPS to IDBI Bank RETAIL ASSET VIRAR (IFSC IBKL0008005)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IBKL0008005 in your mobile or internet banking app, and the money is credited to the RETAIL ASSET VIRAR branch account within seconds.

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

All three modes accept the IFSC IBKL0008005 for IDBI Bank – RETAIL ASSET VIRAR, 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 Retail Asset Virar 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 IBKL0008005

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 – RETAIL ASSET VIRAR is still mapped to IFSC IBKL0008005. 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 IBKL0008005 and the beneficiary's account number to complete the transfer.

Online banking and IFSC IBKL0008005

IDBI Bank customers can register for net banking and the bank's official mobile app once their account at the RETAIL ASSET VIRAR 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 IBKL0008005 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.

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 IBKL0008005 and the account number together uniquely identify the Retail Asset Virar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 – RETAIL ASSET VIRAR:

• The IFSC is exactly IBKL0008005 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 RETAIL ASSET VIRAR 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.

Reaching the branch

The Retail Asset Virar branch sits at IDBI BANK LTD, RAC, 1ST FLR, PARIKH COMMERCIAL COMPLEX, AGASHE ROAD, ABOVE ICICI BANK, VIRAR W. If you are travelling from outside Virar, search for the branch on a maps application using the bank name and locality, or call 250-2511224 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 IBKL0008005 and your account number.

Verifying IFSC IBKL0008005 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 IBKL0008005 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 250-2511224.
• 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 Retail Asset Virar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IBKL0008005, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: IBKL0008005 is the IFSC code of IDBI Bank, RETAIL ASSET VIRAR branch, in VIRAR, 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.