IFSC Code, MICR Codes for INDIAN BANK in TAMIL NADU - COIMBOTORE - COIMBATORE - P N PALAYAM

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


IFSC Code

IDIB000P018

MICR Code

641019013

Branch

P N PALAYAM

Contact

0

Address

PB NO.6313 1087-B AVINASHI ROAD P N PALAYA COIMBATORE 641037 PH:

City

COIMBATORE

District

COIMBOTORE

State

TAMIL NADU





What is IFSC Code of INDIAN BANK situated at P N PALAYAM- RTGS-HO?
IFSC Code of INDIAN BANK situated at P N PALAYAM - RTGS-HO is

IDIB000P018

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.