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 Thillai Ganga Nagar branch in Chennai, Thillai Ganga Nagar, Tamil Nadu, 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 Chennai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code IDIB000T166. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Thillai Ganga Nagar, Chennai
Here are the key points that are associated with the IFSC Code IDIB000T166 of Indian Bank for its branch located in Chennai, within the district of Thillai Ganga Nagar in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000T166 |
| Branch | Thillai Ganga Nagar |
| City | Chennai |
| District | Thillai Ganga Nagar |
| State | Tamil Nadu |
| Address | No 16 6Th Main Road Thillai Ganga Nagar Nanganallur Pin 600061 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Chennai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000T166 for the Thillai Ganga Nagar 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 Thillai Ganga Nagar, Chennai, Tamil Nadu, are given a unique IFSC like IDIB000T166 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Chennai.
- 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 Chennai and Thillai Ganga Nagar.
- 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 Thillai Ganga Nagar goes to the correct branch. This is important because Indian Bank has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IDIB000T166
The format of the IFSC Code for banks, including Indian Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Indian Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Thillai Ganga Nagar in Chennai.
For example, the IFSC Code IDIB000T166 of Indian Bank for the Thillai Ganga Nagar branch has 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 trying to find the IFSC Code IDIB000T166 of Indian Bank for its Thillai Ganga Nagar branch located in Chennai, 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 Chennai and Thillai Ganga Nagar, 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 Thillai Ganga Nagar or Chennai to get the exact IFSC Code IDIB000T166.
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 Chennai, you'll get the correct details.
How to Use IFSC Code IDIB000T166 for Online Transfers?
Once you have the IFSC Code IDIB000T166 for the Thillai Ganga Nagar branch of Indian Bank in Chennai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000T166. 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 IDIB000T166.
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 Thillai Ganga Nagar in Chennai, 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 Thillai Ganga Nagar, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Chennai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000T166.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is No 16 6Th Main Road Thillai Ganga Nagar Nanganallur Pin 600061 located in Chennai, Thillai Ganga Nagar, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.