IFSC Code, MICR Codes for INDIAN BANK in TAMIL NADU - CHENNAI - CHENNAI - PADI

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


IFSC Code

IDIB000P001

MICR Code

600019040

Branch

PADI

Contact

0

Address

69 M T H ROAD PADI 600050

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

IDIB000P001

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.