There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Indian Bank for its Roshan Ara Road Sabzi Mandi branch in Central Delhi, Subzi Mandi, Delhi, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Indian Bank situated in Central Delhi or anywhere in Delhi can easily transfer funds instantly by using the correct IFSC Code IDIB000R655. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Indian Bank, Roshan Ara Road Sabzi Mandi, Central Delhi

Here are some of the key details that come with the IFSC Code IDIB000R655 of Indian Bank for its branch located in Central Delhi, within the district of Subzi Mandi in the state of Delhi.

Particulars Details
Bank Indian Bank
IFSC Code IDIB000R655
Branch Roshan Ara Road Sabzi Mandi
City Central Delhi
District Subzi Mandi
State Delhi
Address 39773980 Gali Binola Mill Roshanara Road Subzi Mandi Subzi Mandi Pin 110007

These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Central Delhi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000R655 for the Roshan Ara Road Sabzi Mandi 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 Roshan Ara Road Sabzi Mandi, Central Delhi, Delhi, are allotted a unique IFSC like IDIB000R655 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Central Delhi.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Central Delhi and Subzi Mandi.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Indian Bank in Roshan Ara Road Sabzi Mandi reaches the right place, even though there are thousands of branches in Delhi and across India.

Format of the IFSC Code IDIB000R655

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 Roshan Ara Road Sabzi Mandi in Central Delhi.

For example, the IFSC Code IDIB000R655 of Indian Bank for the Roshan Ara Road Sabzi Mandi branch includes these elements, identifying the bank and the branch location in Central Delhi and Delhi correctly.

How to Find IFSC Code for Indian Bank?

If you are trying to find the IFSC Code IDIB000R655 of Indian Bank for its Roshan Ara Road Sabzi Mandi branch located in Central Delhi, the following methods can help:

Cheque Book

The cheque books that are issued by Indian Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Indian Bank branches in Central Delhi and Subzi Mandi, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Indian Bank and find the branch locator section. Search for Roshan Ara Road Sabzi Mandi or Central Delhi to get the exact IFSC Code IDIB000R655.

Mobile Banking App

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

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Indian Bank and Central Delhi that will provide accurate information.

How to Use IFSC Code IDIB000R655 for Online Transfers?

Once you have the IFSC Code IDIB000R655 for the Roshan Ara Road Sabzi Mandi branch of Indian Bank in Central Delhi, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IDIB000R655. 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 IDIB000R655.

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 Roshan Ara Road Sabzi Mandi in Central Delhi, 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 Roshan Ara Road Sabzi Mandi, 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 Central Delhi to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indian Bank in Roshan Ara Road Sabzi Mandi, Central Delhi?

The IFSC Code is IDIB000R655.

Is the IFSC Code IDIB000R655 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 Roshan Ara Road Sabzi Mandi?

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 Roshan Ara Road Sabzi Mandi branch?

The address of the branch is 39773980 Gali Binola Mill Roshanara Road Subzi Mandi Subzi Mandi Pin 110007 located in Central Delhi, Subzi Mandi, Delhi.

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.