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

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


IFSC Code

IDIB000P056

MICR Code

600019048

Branch

PURASAWALKAM

Contact

0

Address

19 NARAYANA GURU SALAI PURASAWALKAMCHENNAI600112

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

IDIB000P056

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.