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 Machkanwacharali branch in Dhemaji, Machkhowa, Assam, 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 Dhemaji or anywhere in Assam can transfer funds instantly by using the correct IFSC Code IDIB000M504. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Machkanwacharali, Dhemaji
Below in the table are the key details related to IFSC Code IDIB000M504 of Indian Bank for its branch located in Dhemaji, within the district of Machkhowa in the state of Assam.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000M504 |
| Branch | Machkanwacharali |
| City | Dhemaji |
| District | Machkhowa |
| State | Assam |
| Address | Dologurivill Po Machkhowa Machkhowa Machkhowa Pin 787058 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Bank in Dhemaji for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000M504 for the Machkanwacharali 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, including Indian Bank located in Machkanwacharali, Dhemaji, Assam, is provided with a unique IFSC like IDIB000M504 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Indian Bank branch in Dhemaji.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Dhemaji and Machkhowa.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Assam and the rest of India and the IFSC Code ensures that transactions meant for Indian Bank in Machkanwacharali do not get mixed with another location.
Format of the IFSC Code IDIB000M504
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 Machkanwacharali in Dhemaji.
For example, the IFSC Code IDIB000M504 of Indian Bank for the Machkanwacharali branch includes these elements, identifying the bank and the branch location in Dhemaji and Assam correctly.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000M504 of Indian Bank for its Machkanwacharali branch located in Dhemaji, 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 Dhemaji and Machkhowa, 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 Machkanwacharali or Dhemaji to get the exact IFSC Code IDIB000M504.
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 Dhemaji, you'll get the correct details.
How to Use IFSC Code IDIB000M504 for Online Transfers?
Once you have the IFSC Code IDIB000M504 for the Machkanwacharali branch of Indian Bank in Dhemaji, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000M504. 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 IDIB000M504.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Machkanwacharali in Dhemaji 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 Machkanwacharali, 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 Dhemaji manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Machkanwacharali Dhemaji branch is IDIB000M504.
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 Dologurivill Po Machkhowa Machkhowa Machkhowa Pin 787058.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.