IDBI BANK IFSC Code – PALA, PALAI
Complete bank details including IFSC code, MICR code, address and payment facilities for PALA branch.
Bank Details
| Bank Name | IDBI BANK |
| Branch Name | PALA |
| IFSC Code | IBKL0001506 |
| MICR Code | 686259302 |
| Address | DZDSICD686575 |
| City | PALAI |
| District | KOTTAYAM |
| State | KERALA |
| Contact | 9847261177 |
Payment Facilities
About IFSC Code IBKL0001506
The IFSC code IBKL0001506 uniquely identifies the PALA branch of IDBI BANK located in PALAI, KERALA. This 11-character alphanumeric code is essential for all electronic fund transfers in India including NEFT, RTGS, IMPS, and UPI transactions.
Understanding IFSC Code IBKL0001506
- First 4 characters (IBKL) – Represents IDBI BANK bank code assigned by RBI
- 5th character (0) – Reserved for future use (always 0)
- Last 6 characters (001506) – Unique branch identifier for PALA
How to Use IFSC Code IBKL0001506
To transfer money to any account at IDBI BANK PALA branch, you will need to provide the IFSC code IBKL0001506 along with the beneficiary's account number. This code ensures your money reaches the correct branch securely.
Transfer Methods Available at PALA
- NEFT (National Electronic Funds Transfer) – Settled in batches, available 24x7 on all days
- RTGS (Real Time Gross Settlement) – For high-value transactions (₹2 lakh and above), real-time transfer
- IMPS (Immediate Payment Service) – Instant transfer up to ₹5 lakh, available 24x7
- UPI (Unified Payments Interface) – Instant mobile payments using VPA/UPI ID
About IDBI BANK PALA Branch
IDBI BANK PALA is a branch of IDBI BANK located in PALAI, KERALA. The branch provides comprehensive banking services to customers in PALAI and surrounding areas.
Branch Address
DZDSICD686575, PALAI, KERALA
Services Available
This branch offers various banking services including savings accounts, current accounts, fixed deposits, recurring deposits, loans, locker facilities, and digital banking services. Customers can also avail services like demand drafts, pay orders, and foreign exchange (subject to branch authorization).
MICR Code Information
The MICR (Magnetic Ink Character Recognition) code for this branch is 686259302. MICR code is a 9-digit code used for cheque clearing and identifies the bank, branch, and city. It is printed on cheques using magnetic ink for machine reading.
Important Information
Transfer Timings
- NEFT: 24x7, 365 days (Settled in half-hourly batches)
- RTGS: 24x7, 365 days (Real-time for ₹2L+)
- IMPS: 24x7, 365 days (Instant)
- UPI: 24x7, 365 days (Instant)
Verification Tips
- Always verify IFSC code before transferring money
- Cross-check with bank passbook or cheque book
- IFSC codes may change after bank mergers
- Contact branch for latest information
Frequently Asked Questions
What is the IFSC code of IDBI BANK PALA?
The IFSC code of IDBI BANK PALA branch in PALAI is IBKL0001506.
What is the MICR code of IDBI BANK PALA?
The MICR code of IDBI BANK PALA branch is 686259302.
What is the address of IDBI BANK PALA?
IDBI BANK PALA branch is located at DZDSICD686575.
Does IDBI BANK PALA support NEFT/RTGS/IMPS?
IDBI BANK PALA branch supports NEFT, RTGS, IMPS, and UPI transactions.