IDIB000R523 IFSC Code, INDIAN BANK, RAISEN

IFSC Code of Indian Bank, Raisen, Madhya Pradesh IFSC CODE & MICR CODE

INDIAN BANK, RAISEN - IDIB000R523

  • Bank name: INDIAN BANK

Bank Address: Plot No 195 Ward No 15 Sagar Road Arjun Nagar Raisen Raisen Pin 464551

  • IFSC Code idib000r523
  • Bank Code IDIB
  • Bank name INDIAN BANK
  • Bank contact number +916260387066
  • Bank branch RAISEN
  • Bank ISO3166 Code IN-MP
  • Bank Center RAISEN
  • MICR Code 464019001
  • State name MADHYA PRADESH
  • District name RAISEN
  • City name RAISEN
  • 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, RAISEN branch is IDIB000R523, ensures that your transactions are directed to the correct branch.

How to Use IDIB000R523 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 RAISEN 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.