Indian Bank

Indian Bank IFSC and MICR Codes

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Indian Bank

IFSC code, MICR code and Bank Branches in India

Indian Bank IFSC Code

IFSC code helps in transferring money online through NEFT, RTGS and IMPS. Whenever you need to add a beneficiary account you would require an IFSC code. It is a unique code for every bank’s branch. It helps in transferring money online without error. IFSC code of Indian bank starts from IDIB******. The first four characters give the name of the bank. The fifth character is generally a zero. The last six characters give the details of the bank.

Where you can find IFSC code?
You don’t need to worry. You can easily get it online through Paisabazaar.com. It has the complete list of banks with their branches all over India. You just need to select the state, city and branch to get the IFSC code. You will get the full address for the branch and its IFSC code along with its ICR code.

What is the difference between NEFT, RTGS and IMPS?
NEFT stands for national electronic fund transfer. NEFT happens with a time lag in batches. There are 12 hourly settlements between 8 am to 7 pm on all weekdays and till 1 pm on Saturdays. It is the most widely used money transfer service.
In case of RTGS the money transfer happen within 30 minutes of fund transfer as I stands for real time gross settlement. In case of RTGS, the minimum amount one can transfer is Rs 2 lakh. The service is open from 9 am to 4.30 pm on weekdays and 9 am to 2 pm on weekends. IMPS stands for immediate payment service is the fastest way of transferring money. This service started in November 2010. You can transfer money 24X7 using this service through internet banking or mobile banking throughout the year 365 days.

About Indian Bank

The bank was established in1907 and is headquartered in Chennai. The bank has around 2,400 branches. Its overseas branches are in Colombo, Jaffna, Sri Lanka and Singapore. In 1969, it became a government of India’s undertaking.