IDIB000M124 IFSC Code, INDIAN BANK, MAGARAL

IFSC Code of Indian Bank, Magaral, Tamil Nadu IFSC CODE & MICR CODE

INDIAN BANK, MAGARAL - IDIB000M124

  • Bank name: INDIAN BANK

Bank Address: No170 A Raja Street Magaral Village And Post Ip Adress: 10125282 Pin 631603

  • IFSC Code idib000m124
  • Bank Code IDIB
  • Bank name INDIAN BANK
  • Bank contact number +914427240332
  • Bank branch MAGARAL
  • Bank ISO3166 Code IN-TN
  • Bank Center KANCHEEPURAM
  • MICR Code 600019197
  • State name TAMIL NADU
  • District name KANCHEEPURAM
  • City name KANCHEEPURAM
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for INDIAN BANK, MAGARAL branch is IDIB000M124, ensures that your transactions are directed to the correct branch.

How to Use IDIB000M124 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the MAGARAL branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.