IDIB000P004 IFSC Code, INDIAN BANK, PALAKOL

IFSC Code of Indian Bank, Palakol, Andhra Pradesh IFSC CODE & MICR CODE

INDIAN BANK, PALAKOL - IDIB000P004

  • Bank name: INDIAN BANK

Bank Address: 4022 Budhavarapu Street Palakol Palakol Post Pin 534260

  • IFSC Code idib000p004
  • Bank Code IDIB
  • Bank name INDIAN BANK
  • Bank contact number +918814222918
  • Bank branch PALAKOL
  • Bank ISO3166 Code IN-AP
  • Bank Center PALAKOL
  • MICR Code 534019302
  • State name ANDHRA PRADESH
  • District name PALAKOL
  • City name WEST GODAVARI
  • 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, PALAKOL branch is IDIB000P004, ensures that your transactions are directed to the correct branch.

How to Use IDIB000P004 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 PALAKOL 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.