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 Mahagama branch in Godda, Mahagama, Jharkhand, 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 Godda or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code IDIB000M550. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Bank, Mahagama, Godda
Below in the table are the key details related to IFSC Code IDIB000M550 of Indian Bank for its branch located in Godda, within the district of Mahagama in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Indian Bank |
| IFSC Code | IDIB000M550 |
| Branch | Mahagama |
| City | Godda |
| District | Mahagama |
| State | Jharkhand |
| Address | Durga Mandir Road Mahagama Vill Po Mahagama Mahagama Pin 814154 |
These details are important not only for users using online banking but also for businesses and individuals who use Indian Bank in Godda for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IDIB000M550 for the Mahagama branch of Indian Bank is vital.
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 Mahagama, Godda, Jharkhand, are allotted a unique IFSC like IDIB000M550 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Godda.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Godda and Mahagama.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Indian Bank in Mahagama reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code IDIB000M550
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): 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 Mahagama in Godda.
For example, the IFSC Code IDIB000M550 of Indian Bank for the Mahagama branch includes these elements, identifying the bank and the branch location in Godda and Jharkhand accurately.
How to Find IFSC Code for Indian Bank?
To find the IFSC Code IDIB000M550 of Indian Bank for its Mahagama branch located in Godda, 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 Godda and Mahagama, 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 Mahagama or Godda to find the exact IFSC Code IDIB000M550.
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 Godda will provide accurate information.
How to Use IFSC Code IDIB000M550 for Online Transfers?
Once you have the IFSC Code IDIB000M550 for the Mahagama branch of Indian Bank in Godda, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IDIB000M550. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 IDIB000M550.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indian Bank Mahagama in Godda, your payment can get delayed or might not go through at all.
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 Mahagama, 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 Godda manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IDIB000M550.
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 Durga Mandir Road Mahagama Vill Po Mahagama Mahagama Pin 814154 located in Godda, Mahagama, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.