IFSC Code, MICR Codes for INDIAN BANK in TAMIL NADU - RAMANATHAPURAM - PARAMAGUDI - PARAMAKUDI

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


IFSC Code

IDIB000P129

MICR Code

623019097

Branch

PARAMAKUDI

Contact

0

Address

3/547 L1 MADURAI RAMESWARAM MAIN ROAD PARAMAKUDI 623707

City

PARAMAGUDI

District

RAMANATHAPURAM

State

TAMIL NADU





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

IDIB000P129

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.