IFSC Code, MICR Codes for INDIAN BANK in TAMIL NADU - ERODE - NASIANUR - RAYAPALAYAM

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


IFSC Code

IDIB000R089

MICR Code

WAITING

Branch

RAYAPALAYAM

Contact

0

Address

1 MAIN ROAD RAYAPALAYAM NASIANUR POST ERODE TAMIL NADU PIN - 638107

City

NASIANUR

District

ERODE

State

TAMIL NADU





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

IDIB000R089

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.