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 Neyveli Block 17 branch in Cuddalore, Neyveli Township, 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 Cuddalore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code IDIB000N057. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Indian Bank, Neyveli Block 17, Cuddalore

Below in the table are the key details related to IFSC Code IDIB000N057 of Indian Bank for its branch located in Cuddalore, within the district of Neyveli Township in the state of Tamil Nadu.

Particulars Details
Bank Indian Bank
IFSC Code IDIB000N057
Branch Neyveli Block 17
City Cuddalore
District Neyveli Township
State Tamil Nadu
Address Town Club Road Block 17 Neyveli Township Neyveli Pin 607801

These details help users in online banking and for businesses and individuals who use Indian Bank in Cuddalore for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000N057 for the Neyveli Block 17 branch of Indian Bank has a very 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 Neyveli Block 17, Cuddalore, Tamil Nadu, are given a unique IFSC like IDIB000N057 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Cuddalore.
  • 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 Cuddalore and Neyveli Township.
  • 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 Neyveli Block 17 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 IDIB000N057

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 Neyveli Block 17 in Cuddalore.

For example, the IFSC Code IDIB000N057 of Indian Bank for the Neyveli Block 17 branch includes these elements, identifying the bank and the branch location in Cuddalore and Tamil Nadu correctly.

How to Find IFSC Code for Indian Bank?

To find the IFSC Code IDIB000N057 of Indian Bank for its Neyveli Block 17 branch located in Cuddalore, the following methods can help you out:

Cheque Book

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

Passbook

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

Bank Website

Visit the official website of Indian Bank and go to the branch locator section. Then search for Neyveli Block 17 or Cuddalore to find the exact IFSC Code IDIB000N057.

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 maintains an updated database of all IFSC codes. Searching for Indian Bank and Cuddalore will provide accurate information.

How to Use IFSC Code IDIB000N057 for Online Transfers?

If you have the IFSC Code IDIB000N057 for the Neyveli Block 17 branch of Indian Bank in Cuddalore, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IDIB000N057. Transfers are processed in batches. 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. Asks for the recipient's account details and Indian Bank IFSC Code IDIB000N057.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Indian Bank Neyveli Block 17 in Cuddalore, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Indian Bank in Neyveli Block 17, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Cuddalore manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indian Bank in Neyveli Block 17, Cuddalore?

The IFSC Code is IDIB000N057.

Is the IFSC Code IDIB000N057 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Indian Bank Neyveli Block 17?

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

What is the full address of the Neyveli Block 17 branch?

The address of the branch is Town Club Road Block 17 Neyveli Township Neyveli Pin 607801 located in Cuddalore, Neyveli Township, Tamil Nadu.

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.