IDIB000P204 IFSC Code, INDIAN BANK, PHASE V MOHALI

IFSC Code of Indian Bank, Phase V Mohali, Punjab IFSC CODE & MICR CODE

INDIAN BANK, PHASE V MOHALI - IDIB000P204

  • Bank name: INDIAN BANK

Bank Address: Scf 23 Phase V Mohali Pin 160059

  • IFSC Code idib000p204
  • Bank Code IDIB
  • Bank name INDIAN BANK
  • Bank contact number +911725094977
  • Bank branch PHASE V MOHALI
  • Bank ISO3166 Code IN-PB
  • Bank Center MOHALI
  • MICR Code 160019017
  • State name PUNJAB
  • District name MOHALI
  • City name SAHIBZADA AJIT SINGH NAGAR
  • 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, PHASE V MOHALI branch is IDIB000P204, ensures that your transactions are directed to the correct branch.

How to Use IDIB000P204 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 PHASE V MOHALI 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.