IFSC Code, MICR Codes for INDIAN BANK in TAMIL NADU - COIMBOTORE - VAGARAYAMPAALYAM - VAGARAMPALAYAM

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


IFSC Code

IDIB000V058

MICR Code

641019025

Branch

VAGARAMPALAYAM

Contact

0

Address

VAGARAYAMPALAYAM VIA KARUMATHAMPATTI COIMBATORE 641659

City

VAGARAYAMPAALYAM

District

COIMBOTORE

State

TAMIL NADU





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

IDIB000V058

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.