Indian Bank, VEDANGI PALEM

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

IFSC Code: IDIB000V142
Branch: VEDANGI PALEM
Address: RS NO 3824C2 BESIDE VENKATA SATYA RICE MILL CANAL ROAD VEDANGI PODURU MANDAL PIN 534265
Bank Code: IDIB
MICR: 534019935

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Frequently asked questions

What's the IFSC Code of VEDANGI PALEM, Indian Bank?: The IFSC Code of VEDANGI PALEM, Indian Bank is IDIB000V142.
What's the Address of VEDANGI PALEM, Indian Bank?: The Address of VEDANGI PALEM, Indian Bank is RS NO 3824C2 BESIDE VENKATA SATYA RICE MILL CANAL ROAD VEDANGI PODURU MANDAL PIN 534265.
What's the MICR Code of VEDANGI PALEM, Indian Bank?: The MICR Code of VEDANGI PALEM, Indian Bank is 534019935.
What's the District VEDANGI PALEM, Indian Bank falls under?: The District VEDANGI PALEM, Indian Bank falls under is WEST GODAVARI.

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).