IFSC Code, MICR Codes for INDIAN BANK in ANDHRA PRADESH - KRISHNA - VIJAYAWADA - M M PADU

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


IFSC Code

IDIB000M040

MICR Code

520019008

Branch

M M PADU

Contact

0

Address

23-24=1BRAHMIAH PANTULU STREET MUKHASA MUTHYALAMPADUVIJAYAWADA520011

City

VIJAYAWADA

District

KRISHNA

State

ANDHRA PRADESH





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

IDIB000M040

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.