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

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


IFSC Code

IDIB000M026

MICR Code

502019002

Branch

MEDAK

Contact

0

Address

1-9-3 1 ST FLOOR MAIN ROAD MEDAK 502110

City

MEDAK

District

MEDAK

State

ANDHRA PRADESH





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

IDIB000M026

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.