Use this page as a one-stop reference for everything related to Indian Bank's PAYALI BHATALI branch in KITALI, MAHARASHTRA. The branch's IFSC code IDIB000P520 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Indian Bank's PAYALI BHATALI branch, the IFSC IDIB000P520 breaks down as follows: IDIB identifies the bank, 0 is the reserved character, and 00P520 identifies this particular branch.
About the bank
Indian Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Payali Bhatali branch in Kitali, Maharashtra is part of this network and uses the IFSC code IDIB000P520 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Bank |
|---|---|
| Branch | Payali Bhatali |
| IFSC Code | IDIB000P520 |
| MICR Code | Refer to cheque leaf |
| Branch Address | AT KITALI POST PAILI BHATALI TADOBA ROAD KITALI PAILI BHATALI PIN 442404 |
| City | Kitali |
| District | Chandrapur |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 7350212408 |
About the Payali Bhatali branch
The Payali Bhatali branch of Indian Bank is situated at AT KITALI POST PAILI BHATALI TADOBA ROAD KITALI PAILI BHATALI PIN 442404. 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 IDIB000P520 is used.
Why every Indian 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 PAYALI BHATALI of Indian Bank — its own 11-character IFSC. The code IDIB000P520 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 IDIB000P520 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Payali Bhatali branch
Once you have an account at Indian Bank – PAYALI BHATALI, the IFSC IDIB000P520 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.
Banking services available
The Payali Bhatali branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-7350212408.
- 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 IDIB000P520
How to transfer money using IFSC IDIB000P520
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 IDIB000P520 across all three.
How to use IFSC IDIB000P520 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Bank's PAYALI BHATALI 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 IDIB000P520.
- Confirm the bank name auto-populates as Indian Bank and the branch as PAYALI BHATALI.
- 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 PAYALI BHATALI
If you need to transfer ₹2 lakh or more in one go to an account at Indian Bank's PAYALI BHATALI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IDIB000P520 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Bank – PAYALI BHATALI, use IMPS. With IFSC IDIB000P520 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IDIB000P520 for Indian Bank – PAYALI BHATALI, 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 – IDIB000P520 | Yes – IDIB000P520 | Yes – IDIB000P520 |
For most retail customers crediting the Payali Bhatali 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 IDIB000P520
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 Indian Bank – PAYALI BHATALI is still mapped to IFSC IDIB000P520. 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 IDIB000P520 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IDIB000P520
Indian Bank customers can register for net banking and the bank's official mobile app once their account at the PAYALI BHATALI 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 IDIB000P520 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 & cheque-truncation details
Cheques drawn on the Payali Bhatali branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IDIB000P520 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 IDIB000P520
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 Indian Bank – PAYALI BHATALI, 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:
IDIB000P520. - 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 Payali Bhatali branch sits at AT KITALI POST PAILI BHATALI TADOBA ROAD KITALI PAILI BHATALI PIN 442404. If you are travelling from outside Kitali, search for the branch on a maps application using the bank name and locality, or call 91-7350212408 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 IDIB000P520 and your account number.
Verifying IFSC IDIB000P520 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 IDIB000P520 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-7350212408.
- 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 Payali Bhatali branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IDIB000P520, however, work 24x7.
Branch address & contact
Indian BankPayali Bhatali Branch
AT KITALI POST PAILI BHATALI TADOBA ROAD KITALI PAILI BHATALI PIN 442404
Kitali, Maharashtra
Phone: 91-7350212408
IFSC: IDIB000P520
Frequently asked questions
Can I use IFSC IDIB000P520 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IDIB000P520 to send funds instantly.
Does Indian Bank Payali Bhatali branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-7350212408 to confirm.
What is the phone number of Indian Bank Payali Bhatali branch?
You can reach the branch at 91-7350212408 during regular banking hours.
What is the IFSC code of Indian Bank Payali Bhatali branch?
The IFSC code of Indian Bank, Payali Bhatali branch is IDIB000P520. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Indian Bank Payali Bhatali as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IDIB000P520, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IDIB000P520 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Bank – Payali Bhatali reflect within 30 minutes.
Where is Indian Bank Payali Bhatali branch located?
Indian Bank's Payali Bhatali branch is located at AT KITALI POST PAILI BHATALI TADOBA ROAD KITALI PAILI BHATALI PIN 442404, Kitali, Maharashtra.
Summary
The IFSC code IDIB000P520 belongs to Indian Bank's PAYALI BHATALI branch, located at AT KITALI POST PAILI BHATALI TADOBA ROAD KITALI PAILI BHATALI PIN 442404 in KITALI, 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.
