IFSC Code, MICR Codes for INDIAN BANK in ANDHRA PRADESH - HYDERABAD - HYDERABAD - MALKAJGIRI

INDIAN BANK RTGS HO Branch in HYDERABAD - Address, IFSC, MICR Code


IFSC Code

IDIB000B053

MICR Code

500019005

Branch

MALKAJGIRI

Contact

0

Address

22-32/5 R K NAGAR SECOND STREET MALKAJGIRI HYDERABAD ANDHRA PRADESH 500047

City

HYDERABAD

District

HYDERABAD

State

ANDHRA PRADESH





What is IFSC Code of INDIAN BANK situated at MALKAJGIRI- RTGS-HO?
IFSC Code of INDIAN BANK situated at MALKAJGIRI - RTGS-HO is

IDIB000B053

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.