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 Patparganj I P Extension Delhi branch in East Delhi, Mandawali Fazalpur, Delhi, 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 East Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code IDIB000P618. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Patparganj I P Extension Delhi, East Delhi
Here are the main details that are associated with the IFSC Code IDIB000P618 of Indian Bank for its branch located in East Delhi, within the district of Mandawali Fazalpur in the state of Delhi.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000P618 |
| Branch | Patparganj I P Extension Delhi |
| City | East Delhi |
| District | Mandawali Fazalpur |
| State | Delhi |
| Address | Plot No4 Pankaj Corner Plaza Mandawali Fazalpur Krishna Nagar Pin 110092 |
These details help users in online banking and for businesses and individuals who use Indian Bank in East Delhi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IDIB000P618 for the Patparganj I P Extension Delhi 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, including Indian Bank located in Patparganj I P Extension Delhi, East Delhi, Delhi, is provided with a unique IFSC like IDIB000P618 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Indian Bank branch in East Delhi.
- 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 East Delhi and Mandawali Fazalpur.
- 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 Delhi and the rest of India and the IFSC Code ensures that transactions meant for Indian Bank in Patparganj I P Extension Delhi do not get mixed with another location.
Format of the IFSC Code IDIB000P618
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 Patparganj I P Extension Delhi in East Delhi.
For example, the IFSC Code IDIB000P618 of Indian Bank for the Patparganj I P Extension Delhi branch has these elements, identifying the bank and the branch location in East Delhi and Delhi correctly.
How to Find IFSC Code for Indian Bank?
If you are trying to find the IFSC Code IDIB000P618 of Indian Bank for its Patparganj I P Extension Delhi branch located in East Delhi, 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
Most banks, including Indian Bank branches in East Delhi and Mandawali Fazalpur, print the IFSC and MICR codes 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 Patparganj I P Extension Delhi or East Delhi to get the exact IFSC Code IDIB000P618.
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 East Delhi, you'll get the correct details.
How to Use IFSC Code IDIB000P618 for Online Transfers?
Once you have the IFSC Code IDIB000P618 for the Patparganj I P Extension Delhi branch of Indian Bank in East Delhi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IDIB000P618. 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 IDIB000P618.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Bank Patparganj I P Extension Delhi in East Delhi may 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 Patparganj I P Extension Delhi, 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 East Delhi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000P618.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Plot No4 Pankaj Corner Plaza Mandawali Fazalpur Krishna Nagar Pin 110092 located in East Delhi, Mandawali Fazalpur, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.