IFSC Code, MICR Codes for INDIAN BANK in ANDHRA PRADESH - WEST GODAVARI - KAVITAM - KAVITAM

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


IFSC Code

IDIB000K118

MICR Code

534019003

Branch

KAVITAM

Contact

0

Address

KAVITAM VIA PALAKOL 534338

City

KAVITAM

District

WEST GODAVARI

State

ANDHRA PRADESH





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

IDIB000K118

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.