IDIB000R517 IFSC Code, INDIAN BANK, RAIKOT

IFSC Code of Indian Bank, Raikot, Punjab IFSC CODE & MICR CODE

INDIAN BANK, RAIKOT - IDIB000R517

  • Bank name: INDIAN BANK

Bank Address: Malerkotla Highwaynear Hari Singh Nalwa Chowk Raikot Raikot Pin 141109

  • IFSC Code idib000r517
  • Bank Code IDIB
  • Bank name INDIAN BANK
  • Bank contact number +917347035106
  • Bank branch RAIKOT
  • Bank ISO3166 Code IN-PB
  • Bank Center RAIKOT
  • MICR Code 141019302
  • State name PUNJAB
  • District name RAIKOT
  • City name LUDHIANA
  • 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, RAIKOT branch is IDIB000R517, ensures that your transactions are directed to the correct branch.

How to Use IDIB000R517 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 RAIKOT 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.