GREATER BOMBAY, MAHARASHTRA
IFSC Code
IBKL0454PC2
MICR Code
Not available
Branch
PROGRESSIVE CO OPERATIVE BANK LTD SION
Bank
IDBI
District
MUMBAI
State
MAHARASHTRA
Contact
+912224078007
Address
LTN94 95,1STFLR,RUAMBUILDING,SINCIRCLE,SINEAST,MUMBAI400022
To move funds into an account held at PROGRESSIVE CO OPERATIVE BANK LTD SION (IDBI) using NEFT, the sender's bank needs this branch's IFSC code — IBKL0454PC2. NEFT settles in batches throughout the day, so it's a good fit for transfers that don't need to land instantly.
RTGS is the go-to option when transferring large sums (₹2 lakh+) to PROGRESSIVE CO OPERATIVE BANK LTD SION in GREATER BOMBAY, since each transfer is settled individually and immediately rather than bundled with others.
Need money at IDBI, PROGRESSIVE CO OPERATIVE BANK LTD SION right now? IMPS settles instantly, 24x7, including weekends and holidays — unlike NEFT/RTGS, which follow banking-hour batch or settlement windows.
A distinction that matters if you're transferring to PROGRESSIVE CO OPERATIVE BANK LTD SION: the RBI settlement system runs 24x7 for NEFT and RTGS, but that doesn't mean this specific branch is open around the clock. Online transfers process any time; in-person or cash-based requests still depend on the branch actually being open.
| Method | System Hours | If Visiting PROGRESSIVE CO OPERATIVE BANK LTD SION In Person |
|---|---|---|
| NEFT | 24x7x365, including weekends and holidays (RBI mandate since 16 Dec 2019) | Online/net-banking NEFT processes any time. An in-branch, cash, or cheque-based NEFT request still depends on that branch's working hours. |
| RTGS | 24x7x365, including weekends and holidays (RBI mandate since 14 Dec 2020) | Minimum transfer amount is ₹2 lakh. Same system-vs-branch-hours distinction as NEFT applies for in-person requests. |
| IMPS | 24x7x365 — always has been, no banking-hours restriction at the system level. | Typically capped per transaction depending on your bank's own limits (often around ₹5 lakh). |
The IFSC code for IDBI's PROGRESSIVE CO OPERATIVE BANK LTD SION branch in GREATER BOMBAY, MUMBAI, MAHARASHTRA is IBKL0454PC2. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.
A MICR code isn't listed for this branch in our records. MICR codes are used specifically for cheque clearing — if you need one, it's best to confirm directly with the branch, since it doesn't affect NEFT/RTGS/IMPS transfers, which only need the IFSC code (IBKL0454PC2).
This branch is located at: LTN94 95,1STFLR,RUAMBUILDING,SINCIRCLE,SINEAST,MUMBAI400022. It falls under MUMBAI district, MAHARASHTRA.
Yes — the same IFSC code (IBKL0454PC2) is used for NEFT, RTGS, and IMPS transfers to this branch. Which one you should pick depends on the amount and urgency, not the code itself: RTGS for ₹2 lakh+ needing near-instant settlement, NEFT for regular batch-processed transfers, and IMPS for smaller amounts that need to land in seconds.
Yes, this branch's listed contact number is +912224078007.
IFSC and MICR code data sourced from bank-published branch records. While we take care to keep this current, always confirm the IFSC code with your bank before making a large transfer — see our disclaimer for details.