IFSC Code, MICR Codes for INDIAN BANK in MAHARASHTRA - GREATER MUMBAI - MUMBAI - SION

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


IFSC Code

IDIB000S028

MICR Code

400019025

Branch

SION

Contact

0

Address

103 MARYLAND CORNER SION (EAST)MUMBAI 400022

City

MUMBAI

District

GREATER MUMBAI

State

MAHARASHTRA





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

IDIB000S028

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.