IFSC code for Indian Bank, Co credit card centre, Chennai, Tamil nadu
Updated on: Tuesday, October 1, 2024
IFSC CODE
IDIB000C106
Indian Bank
Co Credit Card Centre, Chennai, Tamil Nadu
Address
Indian Bank Bldg Iii Floor) 66 Rajaji Salai Chennai Chennai Gpo Pin 600001
Indian Bank
Co Credit Card Centre, Chennai, Tamil Nadu
Address
Indian Bank Bldg Iii Floor) 66 Rajaji Salai Chennai Chennai Gpo Pin 600001
Bank Details
IFSC Code
IDIB000C106
MICR Code
600019921
Bank Code
(Based on IFSC)
IDIB
Bank Code
(Based on MICR)
019
Contact
+919444396056
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IFSC Code of Indian Bank
Every Indian Bank branch in India has a unique Indian Bank IFSC Code. Indian Bank IFSC Code enables Indian Bank account holders to send and receive money electronically. Indian Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Indian Bank IFSC Code IDIB000C106
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., IDIB, denotes the name of the bank which is Indian Bank.
The fifth character is 0.
The last six digits of the code, i.e., 00C106, represents the branch which is Indian Bank
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MICR Code of Indian Bank
Every Indian Bank branch in India has a unique Indian Bank MICR Code. MICR code for Indian Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Indian Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
