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 Bahraich Parcendy branch in Bahraich, Parsendi, Uttar Pradesh, 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 Bahraich or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code IDIB000P577. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Indian Bank, Bahraich Parcendy, Bahraich

The table below shows the main details of the IFSC Code IDIB000P577 for the Indian Bank branch in Bahraich, which falls under the Parsendi district in Uttar Pradesh.

Particulars Details
Bank Indian Bank
IFSC Code IDIB000P577
Branch Bahraich Parcendy
City Bahraich
District Parsendi
State Uttar Pradesh
Address Vill Parcendi Near Sugar Factory Mill Chauraha Parle Chauraha Parsendi Parsendi Pin 271903

These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Bahraich for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000P577 for the Bahraich Parcendy branch of Indian Bank has an important role.

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 Bahraich Parcendy, Bahraich, Uttar Pradesh, are given a unique IFSC like IDIB000P577 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Bahraich.
  • 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 Bahraich and Parsendi.
  • 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 Bahraich Parcendy goes to the correct branch. This is important because Indian Bank has thousands of branches in Uttar Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code IDIB000P577

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 Bahraich Parcendy in Bahraich.

For example, the IFSC Code IDIB000P577 of Indian Bank for the Bahraich Parcendy branch includes these elements, identifying the bank and the branch location in Bahraich and Uttar Pradesh correctly.

How to Find IFSC Code for Indian Bank?

If you are looking for the IFSC Code IDIB000P577 of Indian Bank for its Bahraich Parcendy branch located in Bahraich, the following methods can help:

Cheque Book

The cheque book that is issued by Indian Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Indian Bank branches in Bahraich and Parsendi, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Indian Bank and look for the branch locator section, then search for Bahraich Parcendy or Bahraich to get the exact IFSC Code IDIB000P577.

Mobile Banking App

If you use Indian Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Indian Bank and Bahraich, then it will provide you proper information.

How to Use IFSC Code IDIB000P577 for Online Transfers?

Once you have the IFSC Code IDIB000P577 for the Bahraich Parcendy branch of Indian Bank in Bahraich, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IDIB000P577. 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 IDIB000P577.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Bahraich Parcendy in Bahraich may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Indian Bank in Bahraich Parcendy, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Bahraich to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indian Bank in Bahraich Parcendy, Bahraich?

The IFSC Code is IDIB000P577.

Is the IFSC Code IDIB000P577 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Indian Bank Bahraich Parcendy?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Bahraich Parcendy branch?

The address of the branch is Vill Parcendi Near Sugar Factory Mill Chauraha Parle Chauraha Parsendi Parsendi Pin 271903 located in Bahraich, Parsendi, Uttar Pradesh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.