Indian Bank, MAGUDAN CHAVADI

Here is the IFSC & MICR Codes of Indian Bank, MAGUDAN CHAVADI, SALEM, TAMIL NADU. Also get the latest address, contact number of Indian Bank, MAGUDAN CHAVADI.

IFSC Code: IDIB000M534
Branch: MAGUDAN CHAVADI
Address: GANESAN COMPLEX MAGUDANCHAVADI MAGUDANCHAVADI POST SANKARI TK PIN 637103
Bank Code: IDIB
MICR: 636019072

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Frequently asked questions

What's the IFSC Code of MAGUDAN CHAVADI, Indian Bank?: The IFSC Code of MAGUDAN CHAVADI, Indian Bank is IDIB000M534.
What's the Address of MAGUDAN CHAVADI, Indian Bank?: The Address of MAGUDAN CHAVADI, Indian Bank is GANESAN COMPLEX MAGUDANCHAVADI MAGUDANCHAVADI POST SANKARI TK PIN 637103.
What's the MICR Code of MAGUDAN CHAVADI, Indian Bank?: The MICR Code of MAGUDAN CHAVADI, Indian Bank is 636019072.
What's the District MAGUDAN CHAVADI, Indian Bank falls under?: The District MAGUDAN CHAVADI, Indian Bank falls under is SALEM.

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).