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 Peters Road branch in Chennai, Gopalapuram, Tamil Nadu, 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 Chennai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code IDIB000R047. 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, Peters Road, Chennai
The table below shows the main details of the IFSC Code IDIB000R047 for the Indian Bank branch in Chennai, which falls under the Gopalapuram district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000R047 |
| Branch | Peters Road |
| City | Chennai |
| District | Gopalapuram |
| State | Tamil Nadu |
| Address | Newno294 Peters Road Gopalapuram Gopalapuram Pin 600086 |
These details are essential not only for online banking users but also for businesses and individuals who use Indian Bank in Chennai for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000R047 for the Peters Road branch of Indian Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like IDIB000R047 is given to every bank branch, including Indian Bank located in Peters Road, Chennai, Tamil Nadu, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Indian Bank branch in Chennai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Chennai and Gopalapuram.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Indian Bank in Peters Road doesn't end up at another location.
Format of the IFSC Code IDIB000R047
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 Peters Road in Chennai.
For example, the IFSC Code IDIB000R047 of Indian Bank for the Peters Road branch includes these elements, identifying the bank and the branch location in Chennai and Tamil Nadu correctly.
How to Find IFSC Code for Indian Bank?
If you are looking for the IFSC Code IDIB000R047 of Indian Bank for its Peters Road branch located in Chennai, 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 Chennai and Gopalapuram, 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 Peters Road or Chennai to get the exact IFSC Code IDIB000R047.
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 Chennai, then it will provide you proper information.
How to Use IFSC Code IDIB000R047 for Online Transfers?
Once you have the IFSC Code IDIB000R047 for the Peters Road branch of Indian Bank in Chennai, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000R047. 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 IDIB000R047.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Peters Road in Chennai may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Indian Bank in Peters Road, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Indian Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Chennai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000R047.
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 Newno294 Peters Road Gopalapuram Gopalapuram Pin 600086 located in Chennai, Gopalapuram, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.