Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Indian Bank for its Mathila branch in Buxar, Mathila, Bihar, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Indian Bank located in Buxar or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code IDIB000M659. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Indian Bank, Mathila, Buxar
The table below shows the main details of the IFSC Code IDIB000M659 for the Indian Bank branch in Buxar, which falls under the Mathila district in Bihar.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000M659 |
| Branch | Mathila |
| City | Buxar |
| District | Mathila |
| State | Bihar |
| Address | Vill Po Mathila Mathila Mathila Pin 802128 |
These details helps users in online banking and for businesses and individuals who use Indian Bank in Buxar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000M659 for the Mathila branch of Indian Bank plays a vital 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 Mathila, Buxar, Bihar, are given a unique IFSC like IDIB000M659 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Buxar.
- 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 Buxar and Mathila.
- 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 Mathila goes to the correct branch. This is important because Indian Bank has thousands of branches in Bihar and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IDIB000M659
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 Mathila in Buxar.
For example, the IFSC Code IDIB000M659 of Indian Bank for the Mathila branch includes these elements, identifying the bank and the branch location in Buxar and Bihar correctly.
How to Find IFSC Code for Indian Bank?
If you are looking for the IFSC Code IDIB000M659 of Indian Bank for its Mathila branch located in Buxar, 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 Buxar and Mathila, 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 Mathila or Buxar to get the exact IFSC Code IDIB000M659.
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 Buxar, then it will provide you proper information.
How to Use IFSC Code IDIB000M659 for Online Transfers?
Once you have the IFSC Code IDIB000M659 for the Mathila branch of Indian Bank in Buxar, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000M659. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Indian Bank IFSC Code IDIB000M659.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Indian Bank Mathila in Buxar, it can 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 Mathila, 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 Buxar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Mathila Buxar branch is IDIB000M659.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Vill Po Mathila Mathila Mathila Pin 802128.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.