The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Indian Bank for its Maskati Market branch in Ahmedabad, Bhadra, Gujarat, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Indian Bank located in Ahmedabad or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code IDIB000M060. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Maskati Market, Ahmedabad
Below in the table are the key details related to IFSC Code IDIB000M060 of Indian Bank for its branch located in Ahmedabad, within the district of Bhadra in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000M060 |
| Branch | Maskati Market |
| City | Ahmedabad |
| District | Bhadra |
| State | Gujarat |
| Address | Mission Road Oppitalian Bakery Bhadra Bhadra Pin 380001 |
These details are important not only for users using online banking but also for businesses and individuals who use Indian Bank in Ahmedabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IDIB000M060 for the Maskati Market branch of Indian Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Indian Bank located in Maskati Market, Ahmedabad, Gujarat, are given a unique IFSC like IDIB000M060 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ahmedabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Ahmedabad and Bhadra.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Indian Bank in Maskati Market goes to the correct branch. This is important because Indian Bank has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IDIB000M060
The format of the IFSC Code for banks, including Indian Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Indian Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Maskati Market in Ahmedabad.
For example, the IFSC Code IDIB000M060 of Indian Bank for the Maskati Market branch includes these elements, identifying the bank and the branch location in Ahmedabad and Gujarat correctly.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000M060 of Indian Bank for its Maskati Market branch located in Ahmedabad, the following methods can help:
Cheque Book
The cheque book issued by Indian Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Indian Bank branches in Ahmedabad and Bhadra, print them on the first page of your passbook.
Bank Website
Visit the official website of Indian Bank and navigate to the branch locator section. Search for Maskati Market or Ahmedabad to get the exact IFSC Code IDIB000M060.
Mobile Banking App
If you use Indian Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Indian Bank and Ahmedabad, you'll get the correct details.
How to Use IFSC Code IDIB000M060 for Online Transfers?
Once you have the IFSC Code IDIB000M060 for the Maskati Market branch of Indian Bank in Ahmedabad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000M060. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Indian Bank IFSC Code IDIB000M060.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Maskati Market in Ahmedabad may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Indian Bank in Maskati Market, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Indian Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Ahmedabad manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000M060.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Mission Road Oppitalian Bakery Bhadra Bhadra Pin 380001 located in Ahmedabad, Bhadra, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.