IFSC Code, MICR Codes for INDIAN BANK in TAMIL NADU - KANCHEEPURAM - KANCHIPURAM - MAGARAL

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


IFSC Code

IDIB000M124

MICR Code

631019005

Branch

MAGARAL

Contact

0

Address

170 A RAJA STREET MAGARAL KANCHEEPURAM 631603

City

KANCHIPURAM

District

KANCHEEPURAM

State

TAMIL NADU





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

IDIB000M124

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.