Indian Bank, PALAKOL

Here is the IFSC & MICR Codes of Indian Bank, PALAKOL, WEST GODAVARI, ANDHRA PRADESH. Also get the latest address, contact number of Indian Bank, PALAKOL.

IFSC Code: IDIB000P004
Branch: PALAKOL
Address: 4022 BUDHAVARAPU STREET PALAKOL PALAKOL POST PIN 534260
Bank Code: IDIB
MICR: 534019302

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Frequently asked questions

What's the IFSC Code of PALAKOL, Indian Bank?: The IFSC Code of PALAKOL, Indian Bank is IDIB000P004.
What's the Address of PALAKOL, Indian Bank?: The Address of PALAKOL, Indian Bank is 4022 BUDHAVARAPU STREET PALAKOL PALAKOL POST PIN 534260.
What's the MICR Code of PALAKOL, Indian Bank?: The MICR Code of PALAKOL, Indian Bank is 534019302.
What's the District PALAKOL, Indian Bank falls under?: The District PALAKOL, Indian Bank falls under is PALAKOL.

Definition

What is IFSC Code

IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT (National Electronic Funds Transfer) system in India.

The IFSC code is used to facilitate electronic money transfers between banks in India. It is used to identify the sender and receiver bank branches, ensuring that the money is credited to the correct account. The IFSC code is made up of three parts:

The first four characters represent the bank code, identifying the bank that the branch belongs to.
The fifth character is always a zero, reserved for future use.
The last six characters represent the branch code, identifying the specific branch of the bank.

For example, the IFSC code for the State Bank of India's Mumbai Fort branch is SBIN0000300. In this code, "SBIN" is the bank code for State Bank of India, "0" is a reserved character, and "000300" is the branch code for the Mumbai Fort branch.

IFSC codes are used in many types of electronic transactions, including NEFT, RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).